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Maltas Move to strengthen the LGA's reputation
Tuesday August 21,2013 : MALTA REGULATOR UNDER THE MICROSCOPE
Move to "strengthen the LGA's reputation" comes rather late
Malta's online gambling regulator, the Lotteries and Gaming Authority, has come under fire from the player community repeatedly over the past few years with allegations of bad licensee supervision, poor communications and an alleged lack of care for the consumer.
In several high profile online poker operator failures the regulator has been criticised for not ensuring that operators ring-fence player deposits, and its apparently weak application of a set of regulations that look good on paper, but do not seem to be effective from a player perspective when operators go out of business or there is a dispute involving regulations.
In recent weeks the Times of Malta newspaper has focused attention on the situation, with one group of players impacted by the failure of the recent Everleaf poker network proving particularly tenacious and damning in their public posts in the newspaper's columns.
Whether this has shamed the island's government into conducting a review and audit of the LGA is uncertain, but just such an investigation has been implemented, with a report scheduled for presentation to the government within the next few weeks.
The objective of the investigation is to study the LGA structure and operating systems and make recommendations on how these can be improved to if necessary "restore Malta's reputation" as an international online gambling regulator. That phrase in itself suggests that government has taken cognizance of the poor regard in which the regulator is held.
Such a review is long overdue, and may be particularly important to establish real credibility in a changing industry where the use of "jurisdictions of convenience" is increasingly under threat by serious national regulators in European countries, and major changes in the UK market.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
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