Attempting to hold itself harmless, The Malta Gaming Authority monitors international media for any claims against online casino operators that hold a Maltese gambling licence. In March 2018, Italian newspapers and websites published details on anti-mafia probes that revealed the involvement of at least five Italy-based companies in money laundering through MGA-licensed online casinos.
Online gaming operators that wish to include themselves in the Italian gambling market will need to apply for new licences this year. The deadline for applications is March 19. There are currently 120 licences of this kind available, and there are approximately 40 licences ready to be issued to businesses already operating in the Italian market that need to renew their existing permits.
Germany is one of the biggest countries in Europe, comprised of 16 individual states, with a very complicated legal system. Unfortunately, this has led to the fact that gambling laws and regulations in Germany are quite complicated as well.
The newly regulated Swedish online gambling market officially opened on the first day of 2019, with the country’s gambling regulator, Lotteriinspektionen, issuing new licences to both domestic and international operators.
The fifth annual edition of SiGMA took place on 28-30 November. Once again it united iGaming representatives from around the world. This landmark event was held at the convention and exhibition center in Ta’ Qali, near the capital of Malta. A number of events were also organized in St. Julians’s, Slima and other places of the hospitable island. The summit was attended by 12,500 people from 80 countries and the attendees listened to the presentations of over 200 experts and gambling market participants.
In order to legally provide gaming services associated with sports betting, lotto, poker and bingo, an online casino owner must obtain a license. Its absence challenges the successful work of an online platform, due to the fact that the operator is unable to open a bank account or even put any games on their site. That is because one has to make a contract with gambling software provider for that, which cannot be done without a license. Besides, a gambling license often comes with reduced tax rate and other benefits.
Global gambling regulators are committed to safeguarding the public policies relating to the prevention of problem gambling, customer protection and securing the safety of underage persons. This new agreement will further bring some sanity and decency into the gaming industry.
Over the past year, the gambling laws have significantly changed in the Czech Republic. Bans and changes in taxes have been introduced, consumer protection laws have been issued, and the licensing process has been toughened. Read on the overview.
Gambling in Russia is banned, which does not prevent unscrupulous operators from looking for ways to carry it out. One of the latest trends is gambling disguised as ordinary online games played by millions, especially children.
Gambling business is flourishing in plenty of countries; however, there are also many of those in which this type of activity is prohibited, including India. Nevertheless, the latest news report about possible future changes in this issue.