MGA PUBLISHES RTP DIRECTIVE
Along with proposed monitoring system.
The Malta Gambling Authority (MGA) has published new minimum return to player (RTP) obligations on operators licensed in terms of the Remote Gaming Regulations.
The new regulation 46A requires that specified casino-type games offered under a remote gaming licence abide by a minimum average RTP of 92 percent or any such higher percentage as stipulated through the licence condition.
Further clarity to these requirements are established in tandem with the publishing of the Return to Player Directive (Directive 1 of 2016). This Directive specifies the games for which the minimum average return to player obligation is applicable, as well as the methodology which the MGA may use in ensuring compliance with the requirement such as periodic checks, and / or certification.
The new regulation 49A further requires licensees to make information, related to fees and average winnings, available to players to enhance consumer protection measures in terms of transparency and fairness of games.
Legal Notice 131 of 2016 also introduces the new Part XVIII on the power of the MGA to implement a monitoring system following public consultation and stakeholder interaction.
The Enhanced Automated Reporting Platform (EARP) for remote gaming is intended to streamline, automate and enhance certain reporting and compliance processes, reducing complexities in investigations and strengthening the regulatory framework, the MGA said.
New regulations 61 to 63 empower the MGA to operate the platform, connect it to licensees’ systems and set out parameters for which the platform may be used.