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Malta Gaming Authority Says DFS is a Skill Game
MGA CATEGORISES DFS AS SKILL GAMES
No requirement to apply for licensing until proposed Games of Skill legislation implemented.
The Malta Gaming Authority (MGA) has said it differentiates fantasy sports from games of chance in terms of licensing and regulation due to the element of skill and knowledge involved in the vertical.
This determination relates specifically to fantasy sports where players choose virtual representations of real-life athletes, where the value and points attributed to an athlete reflect the athletes’ performance in actual sporting events, and where the outcome is determined predominantly by skill and knowledge rather than by chance.
The Maltese Government, who has notified the European Commission of its proposed Skill Games Regulations (which will include Fantasy Sports), has in the interim published a legal notice which for the time being exempts fantasy sports operators from the requirement of a gambling license under the Lotteries and Other Games Act or Remote Gaming Regulations.
The MGA is, however, calling on fantasy sports operators to be formally recognised by the Authority with the voluntarily notification of their operations and will task them with “meeting certain general conditions applicable under general law”.
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Local Florida Poker Pros Scam Marc Klang For $500k -
Previous scumbag rightfully wins over $500,000 gambling against a conglomerate of local poker pros. After using every excuse possible, said group decides they are not paying out any money. After some time they pay out $43k of 500k. Winner warns community of the groups actions to prevent similar future scams.
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This 3-row, 5-reel slot features Multipliers, Wilds, Free Spins and four Progressive Jackpot levels offering increasing wins to heighten player engagement.
2017 Aussie Milliona Updates Events 2,3,4 -
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Juventus name VWin as Partner -
“We are very satisfied with this new regional partnership that confirms Juventus’ global growth in high potential markets such as this one,” Giorgio Ricci, co-chief revenue officer & head of global partnerships and global revenue for Juventus said.
Luckia Group 2016 Results -
The group reports record turnover of Euro 269.66 million, up 12 percent over full year 2015 with EBITDA standing at Euro 44 million, a 26 percent increase over the previous year.
Fire Rooster Slot Launches -
This 5-reel, graphic-rich slot is based on the Chinese legend, The Rooster’s Lament, in which the Jade Emperor chooses specific animals to represent the months of the year.
n2-Live Updates -
The company promises new features designed to enhance the playing experience that “further distance our gaming solutions from the ‘me too’ products currently available in the market place.”
Betfred FY 2016 -
Betfred has seemingly reversed its fortunes with a strong 2016 delivering a GBP 28,438,000 operating profit as opposed to the GBP 77,312,000 loss in fiscal year 2015.
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