Connect with us

Latest News

The MGA publishes its 2022 Annual Report and Financial Statements

Published

on

Reading Time: 4 minutes

 

The Malta Gaming Authority (MGA/Authority) is publishing its Annual Report and audited Financial Statements for the financial year ending 31 December 2022. In addition to outlining the performance of the Maltese gaming business in 2022, the report gives a broad summary of the Authority’s accomplishments during the year under review and offers a medium-term outlook for the future. A thorough report outlining key statistics for the land-based and online gaming industries is then presented.

Supervisory Activities

  • 28 compliance audits were conducted and 228 desktop reviews were carried out during 2022, accompanied by additional AML/CFT compliance examinations that are carried out by the FIAU, or by the MGA on its behalf. Following information which emerged from compliance audits, compliance reviews and formal investigations, the Authority issued 10 warnings and cancelled six (6) licences. In addition, the MGA issued a total of 16 administrative penalties as well as three (3) regulatory settlements, with a collective total financial penalty of €179,150.
  • A total of 25 licensees were subject to remediation and/or administrative measures by the FIAU, ranging from written reprimands to administrative penalties, based on the breaches identified during examinations carried out in previous years, including by the MGA. In total, these amounted to just over €738,000.
  • Six (6) individuals and companies were deemed by the Fit & Proper Committee to not be up to the Authority’s probity standards due to various factors, including due to the risks of money laundering or funding of terrorism.
  • Forty-one (41) gaming licence applications were received during 2022. Thirty-one (31) licences were issued, while twenty-one (21) were unsuccessful.
  • Over 1,500 criminal probity screening checks were undertaken on individuals, shareholders and ultimate beneficial owners, key persons and other employees, and companies from both the land-based and online gaming sectors.
  • The Authority conducted 48 interviews with prospective MLROs and key persons carrying out the AML/CFT function to determine the knowledge and suitability of each candidate.
  • The Commercial Communication Committee of the MGA issued a total of nine (9) Letters of Breach following breaches of the Commercial Communications Regulations (S.L. 583.09).
  • In its efforts to protect players and encourage responsible gambling, the Authority supported a total of 5,280 players who requested assistance, covering most of the cases received during 2022 and the spill-over from 2021.
  • The MGA conducted 85 responsible gaming-themed website checks, through which 38 URLs were found to have misleading information. This led to 17 notices being published on the MGA website, and 30 observation letters that were sent out reflecting responsible gaming issues.

Improvements in Efficiency and Effectiveness

  • The Authority commissioned a sectorial skills strategy to address the gaming industry’s challenges with respect to the ongoing demand for qualified and skilled human capital, which increased significantly as the economy grew and diversified into numerous sectors.
  • Consultation exercises were conducted with industry stakeholders regarding the bets offered by licensees – with a focus on sports integrity and player protection considerations – on the proposed amendments to the Player Protection Directive (Directive 2 of 2018), and on the proposed policy on the use of Innovative Technology Arrangements (ITAs) and the acceptance of Virtual Financial Assets (VFAs) and Virtual Tokens, which led to amendments and a finalised Policy, respectively.
  • The Authority streamlined the approval process of appointing an MLRO in collaboration with the FIAU while, at the same time, ensuring that the industry is kept updated on any changes affecting this process and on any best practices that are intrinsic to the role of the MLRO.
  • The concept of Agreed-Upon Procedures (AUPs) Reports was introduced, covering player funds and Gaming Revenue. Audit firms are drawing up these reports in compliance with the ‘International Standard on Related Services (ISRS) 4400 (Revised) Agreed-Upon Procedures Engagements’.
  • The MGA kickstarted a process for possibly implementing a voluntary Environmental, Social and Governance (ESG) Code of Good Practice for the industry to showcase and increase the positive social and environmental impacts of the gambling sector.

National and International Cooperation

  • Throughout 2022, the Authority issued 43 news items on its website and 26 external communications, providing a synopsis of various updates and developments at the Authority and across the industry.
  • A total of 224 alerts were sent to the industry, 167 of which were also sent to the appropriate Sports Governing Bodies.
  • A total of 44 requests for information specifically relating to the manipulation of sports competitions or breaches in sports rules were submitted by enforcement agencies, sport governing bodies, integrity units, and other regulatory bodies. As a result of such requests, data was exchanged in 25 instances. Additionally, a total of 475 suspicious betting reports from licensees and other concerned parties were received.
  • During the period under review, the Authority was a direct participant in 15 different investigations across the globe relating to the manipulation of sports competitions or breaches in sports rules, as well as an indirect participant in 3 such investigations.
  • The Authority received a total of 83 international cooperation requests from other regulators and sent 97 such requests, with the majority referring to requests for background checks as part of an authorisation process.
  • A total of 177 official replies were issued providing feedback on the regulatory good standing of our licensed operators to the relevant authorities asking for this information.
  • The MGA works together with other local regulating authorities and governing bodies. This is reflected through responses furnished by the MGA to requests for information made by the Asset Recovery Bureau (ARB), the FIAU, as well as the MPF on the gaming sector. Additionally, the relevant information is provided to the Sanctions Monitoring Board (SMB) to assist in issuing penalties in instances of non-compliance with sanctions screening obligations.

In publishing this report, the CEO, Dr Carl Brincat said: “This report is testament to our collective efforts in promoting a fair and sustainable gaming ecosystem. Through proactive measures and leaner regulation processes, we strive to ensure a level playing field that nurtures innovation while safeguarding against any potential risks.

“As the global gaming landscape evolves, our role becomes even more critical. We embrace this responsibility with utmost determination, working tirelessly to stay ahead of emerging trends, technologies, and challenges.  We remain steadfast in our pursuit of robust frameworks that inspire confidence, protect vulnerable individuals and render Malta the home for gaming operators of good will.”

Powered by WPeMatico

Continue Reading
Advertisement

Casino Hi Five

EGT installs PH 50 V AWP cabinets at Hi Five Casino in the Netherlands

Published

on

egt-installs-ph-50-v-awp-cabinets-at-hi-five-casino-in-the-netherlands

The Berg en Dal venue adds single-screen AWP units supplied with EGT’s Bonus Prize Collection multigame.

EGT has expanded its footprint in the Dutch AWP market with a new installation at Hi Five Casino in Berg en Dal. The venue has added PH 50 V AWP cabinets supplied with the Bonus Prize Collection multigame.

According to EGT, this is its first installation of single-screen AWP cabinets in the Netherlands. Yuliana Ilieva, Director of EGT Netherlands, said: “This is the first time we have installed single-screen AWP cabinets in the country. The operator, as well as the players, are impressed by the aesthetics and overall design of the cabinets, perfectly blending eye-catching outlook and maximum comfort. The combination with titles such as Mighty Sparta and Amazons’ Battle is a guarantee of a captivating gaming experience, and the results shown so far are eloquent proof. I am confident that we will see more installations of these products very soon.”

The PH 50 V AWP cabinet is powered by EGT’s Exciter IV platform and features a 50-inch vertical monitor, ergonomic functions, and enhanced video and audio capabilities, the company said. Bonus Prize Collection includes 10 games and features including Cash Heat, Epic Cash, Prize Multipliers, and Wild bonuses.

Micha van Bochem from Casino Hi Five said the machines have been live for a month. “EGT’s new cabinet for the Dutch market has been a big hit so far. The machines have been running for a month now and are being enthusiastically received by players. They look beautiful and innovative, with a large screen—and hopefully, in the future, with games that feature expanding reels —that would be absolutely fantastic on such an elegant cabinet. So far, it’s been nothing but positive, and we’re looking forward to the future.”

The post EGT installs PH 50 V AWP cabinets at Hi Five Casino in the Netherlands appeared first on EE Gaming | Global iGaming & Tech Intelligence Hub.

Continue Reading

Betting and Gaming Council

BGC Responds to Gambling Commission’s Announcement on FRAs

Published

on

bgc-responds-to-gambling-commission’s-announcement-on-fras

 

The Betting and Gaming Council (BGC) has responded to the UK Gambling Commission’s decision to introduce Financial Risk Assessments (FRAs) in stages.

Grainne Hurst, Chief Executive of the Betting and Gaming Council, said:

“We are deeply disappointed and frustrated that the Gambling Commission has decided to press ahead with Financial Risk Assessments despite the significant concerns raised over the last 18 months by the BGC, operators, racing, parliamentarians and customers.

“The fact that the Gambling Commission has delayed implementation, raised thresholds and abandoned its original timetable is a clear recognition that the concerns raised by the BGC and others were well founded. Unfortunately, the central issues around reliability, consumer impact and the practical operation of these checks remain unresolved.

“The Commission has failed to address the fundamental issues identified during its own pilot. It has not demonstrated that the data underpinning these checks is accurate, reliable or consistent enough to support regulatory decisions affecting customers.

“The pilot exposed inconsistencies in the information returned by credit reference agencies, with the same customer potentially receiving different outcomes depending on the provider. Customers risk being wrongly identified as financially vulnerable based on a system that remains unproven. That is not a sound basis for regulatory intervention.

“The Commission has yet to publish a full evaluation of the pilot, so neither the industry nor the public has seen the evidence needed to justify introducing these checks.

“These checks cannot be described as genuinely frictionless if they produce unreliable outcomes, lead to unnecessary account restrictions or ultimately result in customers being asked to provide documents or open banking information.

“While the Commission has announced implementation groups, it has given no indication that they will resolve the outstanding questions around reliability, consumer impact and how the system will operate in practice.

“We support evidence-led, proportionate regulation that protects vulnerable people while allowing the 22.5 million adults in Britain who bet each month to do so safely. But until the Commission can demonstrate these checks are accurate, consistent and genuinely frictionless, our fundamental concerns remain, including the risk of driving customers towards the growing illegal gambling market.”

The post BGC Responds to Gambling Commission’s Announcement on FRAs appeared first on EE Gaming | Global iGaming & Tech Intelligence Hub.

Continue Reading

Latest News

The Malta Gaming Authority Publishes its 2025 Annual Report and Financial Statements

Published

on

the-malta-gaming-authority-publishes-its-2025-annual-report-and-financial-statements

 

The Malta Gaming Authority (MGA) has published its Annual Report and audited Financial Statements for the financial year ending 31 December 2025. The report outlines the performance of Malta’s land-based and online gaming sectors during the year, while detailing the Authority’s key regulatory activities and developments. It also provides a forward-looking perspective on the gaming industry, examining emerging trends, regulatory shifts and market dynamics expected to shape the sector in the years ahead.

Key Highlights from 2025

Authorisation Activities

• Between January and December 2025, MGA received 38 applications for new gaming licences and issued 19 licences. In addition, the Authority received a further 10 gaming licence renewal applications from operators to renew their gaming licence which was bound to expire during the twelve-month period of 2025 and issued eight licence renewals.

• As part of the oversight of low-risk gaming activities, MGA issued 2043 permits for non-profit tombola, 22 permits for non-profit lottery and 118 certificates for commercial communication games.

• As part of MGA’s application assessment process, the Authority carried out 1266 due diligence screening checks on authorised persons, persons holding qualifying interest, directors, key persons, and any third-parties providing funding or otherwise exercising control over an authorised person from both the land-based and online gaming sectors.

• Applications of a more complex nature were escalated to the Fit and Proper Committee. It assessed findings relating to 20 entities and 38 individuals. In seven cases, the Committee determined that the criteria to be considered as fit and proper were not satisfied.

• The Supervisory Council considered gaming licence applications referred to it for review, including applications for new licences and licence renewals. These figures reflect the Council’s decisions on applications during the reporting period and therefore may differ from the number of licences ultimately issued during the same period. During 2025, 17 new gaming licence applications were approved, while two applications were rejected following the completion of the “Minded Letter” process, on the grounds that the information or submission made to the Authority was found to be false, misleading, inaccurate, or materially incomplete. In addition, 10 gaming licence renewal applications were reviewed and approved.

Supervisory Activities

• In 2025, MGA concluded 15 full-scope compliance audits, which were complemented by 109 thematic reviews across compliance, player protection, and sport betting integrity.

• As part of MGA’s efforts to safeguard players and promote responsible gambling, the Authority resolved a total of 3718 requests for assistance, including cases carried forward from 2024.

• Between January and December 2025, MGA received 1757 player funds reports and carried out 14 data extractions to support the safeguarding of player funds.

• As MGA continued to strengthen its efforts to identify unauthorised URLs linked to unregulated gaming activity, the Authority reviewed a total of 109 URLs, and 42 were found to contain fraudulent references to the Authority or its licensees. These were subsequently added to the publicly available list on MGA’s website.

• The Commercial Communications Committee made six decisions regarding possible breaches of the Gaming Commercial Communications Regulations.

• During 2025, 21 AML/CFT compliance examinations were initiated by the Financial Intelligence Analysis Unit (FIAU) or by MGA on its behalf, while 21 such compliance examinations were concluded.

• A total of 30 closure letters were issued to licensees to either formally conclude examinations carried out by the MGA or the FIAU, or to formally conclude the remediation process where findings were not deemed serious or systemic. Additionally, MGA have also issued two potential breaches letters as a formal notification to licensees of potential non-compliance with AML/CFT obligations, where further clarification, explanation, or remediation was required before these could be treated as confirmed breaches.

• The FIAU imposed a remediation measure and/or administrative penalty amounting to just under €26,500.

• MGA also conducted 29 interviews on prospective MLROs to ensure that candidates meet the required standards of knowledge and awareness of the Maltese AML/CFT legal framework.

• During the reporting period, MGA carried out a total of 7903 inspections on Gaming Premises (including Casinos and Commercial Bingo Halls), Controlled Gaming Premises, National Lottery Outlets (including National Lottery Outlets – Controlled Gaming Premises), and Non-Profit Tombola.

Enforcement Actions

• Between January and December 2025, MGA issued a total of 35 cease and desist letters, 22 warnings and 30 administrative penalties amounting to €162,520. The Authority also suspended one licence and cancelled two.

• During 2025, one appeal was lodged, which remains pending, while eight appeals lodged in previous years were withdrawn.

National and International Cooperation

• Between January and December 2025, MGA received 280 suspicious betting reports from licensees. As part of its continued efforts to fight against match-fixing and malicious betting, MGA shared 192 alerts on suspicious betting with licensees, following enhanced risk-based filtering, and participated in 66 investigations across the globe.

• The MGA also collaborated with enforcement agencies, sports governing bodies, integrity units, and other regulatory authorities on 56 requests for information and participated in 85 instances of data exchanges.

• The MGA received 66 requests for international collaboration from other regulators, and it sent 12 requests. These requests received were primarily related to generic requests for cooperation or requests for background checks as part of authorisations process.

• The MGA issued 58 official replies to provide feedback on the regulatory good standing of its licensed operators to other regulatory and industry stakeholders requesting this information.

• During the reporting period, MGA collaborated with local regulating authorities and governing bodies on 200 requests for information.

“The challenge facing regulators today is not to regulate more, but to regulate better,” CEO Charles Mizzi said.

“Throughout 2025, we refined the way we regulate – strengthening our risk-based approach to oversight, improving engagement, streamlining processes, and making better use of data and technology to focus our efforts where they matter most. That is how we strengthen confidence in the Maltese licence, safeguard players, and support the long-term sustainability of Malta’s gaming sector.”

The post The Malta Gaming Authority Publishes its 2025 Annual Report and Financial Statements appeared first on EE Gaming | Global iGaming & Tech Intelligence Hub.

Continue Reading

Trending

Get it on Google Play

Fresh slot games releases by the top brands of the industry. We provide you with the latest news straight from the entertainment industries.

The platform also hosts industry-relevant webinars, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2024 - Recent Slot Releases is part of HIPTHER Agency. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania