Sunday, January 29, 2023

Tag: jurisdictions

The place to be: Demand for IoM gaming licences up 30 percent

Isle of Man Gaming licenses applications up
Authorities in The Isle of Man have reported that applications for licenses are up 30 percent year-on-year – due to what it described as “proposed changes to regulation and structure in some jurisdictions.”

China to create ‘reporting platform’ for locals to inform on igaming

China hit online gaming operators flag
China says it will “severely hit” any online gambling operators targeting its citizens, with a new focus on tracing financial transactions to their source and offering significant bounties to individuals who inform on them

Gibraltar rather ‘walk’ from EU trade deal, than sever ties with UK

Gibraltar jurisdictions
After the Spanish Secretary of State assured Spain would have the “final say” on Gibraltar in any EU-UK trade talks...

Alderney eGaming: Understanding the entire egaming ecosystem

Susan Oleary CEO Alderney eGaming
Full harmonisation may be an unrealistic goal, says Susan O’Leary, CEO of Alderney eGambling, but greater collaboration between jurisdictions can only be a

Argentinian football seeks slice of Buenos Aires iGaming

Argentina Buenos Aires legalise online gambling
As the province of Buenos Aires becomes the first to legalise online gambling in Argentina, hopes are that others will follow in its footsteps.

Gibraltar “no longer a problem” in Brexit negotiations

Concerns over the future of Gibraltar as an online gambling hub in the wake of Brexit have lessened after Pedro Sanchez confirmed it will remain a wholly-British overseas territory. The Spanish prime minister stated ongoing issues regarding

Malta leaps into sandbox once more to build cryptocurrency framework

The Malta Gaming Authority has published a Sandbox Framework, intended to lay preparatory regulation for the integration of gaming and cryptocurrency. The guidelines, a reference the first sandbox tests begun in October 2017 by auditing firm PwC, cover the…

Pagcor predicts “dire consequences” for illegal operators in licensing crackdown

Pagcor has vowed to intensify its prosecution of illegal online operators, following 170 raids on unlicensed premises over the last year. The Philippines regulatory body stated that offshore operators offering services without a POGO license could face…

Landlocked medieval principality proves unlikely crypto pioneer

The Principality of Liechtenstein has proposed new legislation to regulate cryptocurrency as part of an ongoing strategy to drive financial innovation. The Transactions Systems Based on Trustworthy Technologies Act is intended to develop the 62 square mile state’s international financial status, already bolstered by low corporate gains tax and a distinct legal position within the EEA. “The government is convinced that...

SBTech makes second NJ deal with Resorts Casino

Resorts Casino
With the news that SBTech has been selected to provide its sportsbook to a second NJ operator, Marc Brody, USA Director of Business Affairs, says his firm’s software is “architected” to adapt to newly-regulated markets. iGAMING TIMES: What do you make of…

MGA hails $1bn gaming industry contribution as sign of growth to come

The Malta Gaming Authority has announced that the resident gaming industry directly contributed $1.28bn to the country’s economy in 2017. The figure, which accounts for approximately 11 percent of Malta’s total earnings, was achieved as employment in…

UKGC ups ante on grey market revenue disclosure

BBi - Grey markets UKGC
Following a regulatory data consultation, the UK Gambling Commission is broadening its demand on licensees to disclose all group revenues from grey markets, and give more detailed legal justifications that their presence in these markets is not illegal.   The UK Gambling Commission is tightening its stance on UKl icensed operators regarding the volume of revenue streams from unregulated grey markets. Licensees...

Malta issues 26 new licences in first quarter

Malta Gaming Authority ganapati licences MGA
Malta’s gaming economy continues to grow at pace, with 26 new licences issued in the first quarter alone, adding to a sector that now comprises 13 percent of the local economy.   The news was delivered within the regulator’s quarterly report, which showed licensee growth was well up from last year’s first quarter, when 13 licences were issued. As of the...