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No Bitcoin For Malta Gambling Licenses
Friday August 5,2016 : NO BITCOIN FOR MALTA ONLINE GAMBLING LICENSEES
Regulatory chief says cyber currency remains too risky to approve at present.
Despite indications that the UK Gambling Commission has approved the use of cyber-currencies like Bitcoin by its licensees, the Malta regulator is taking a more cautious approach and for now will monitor the industry whilst considering possibilities in collaboration with banking and financial authorities.
The chief of the Malta Gaming Authority regulatory body, Joseph Cushieri explained his approach during an interview with the local newspaper Malta Today recently, revealing that in fact the Authority has had relatively few requests for Bitcoin authorisation from operators licensed in the Malta jurisdiction.
The MGA has declined all applications for such authorisation due to the Authoritys view that there are still risks attached to such usage, which has persuaded the MGA to continue with its non-recognition policy.
That does not necessarily mean that there would be no change at some future point, the executive said, noting that in the interest of a national approach the MGA was monitoring and examining developments in collaboration with government bodies like the Central Bank of Malta, the Malta Financial Services Authority and the local Financial Intelligence Analysis Unit.
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Amaya FY2016 Trading Update -
The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.
LeoVegas To Sponsor Leicester Tigers -
The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.
Optima Information Services iShop -
Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.
CAGAYAN CHIEF MOVES TO REASSURE LICENSEES -
Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.
New Massachusetts Online Gambling Bill -
It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.
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