Category Archives: malta gaming authority

Malta regulator suspends online license of CenturionBet/Bet1128


malta-suspend-centurionbet-bet1128-online-gambling-licenseMalta’s gaming regulators have suspended the online gambling license of CenturionBet Ltd, which operates the Bet1128 brand.

On Tuesday, the Malta Gaming Authority (MGA) announced that it had suspended CenturionBet’s remote gambling license, and ordered the company to “indefinitely suspend all gaming operations, cease to register new players, suspend all transactions on all websites, including deposits and withdrawals,” and fully comply with MGA requests for data and documentation.

The MGA notice insists that all websites operating under CenturionBet’s license are “not approved to be operational by the Authority.” However, at present, the Bet1128.com site still prominently displays the MGA logo and the suspended MGA/CL2/527/2008 license number.

Italian gaming news agency Agimeg quoted a CenturionBet statement saying the MGA had “identified procedural irregularities in signing contracts with consultants.” The company expressed “deep regret” over the kerfuffle, while insisting that it had “acted in full compliance” with its regulatory obligations and promising that “all the payment activities of the winnings will be guaranteed.”

Last month, Agimeg reported that CenturionBet had attempted to sell 80% of its operations for €12m to online gambling operator SKS365, which operates in Italy under the Planetwin brand. SKS365 claimed that it receives lots of these types of offers, but that these particular negotiations “did not materialize.”

The CenturionBet/Bet1128 business has a colorful history in Italy, where investigators have fingered the site’s owner as Francesco Martiradonna, who has been linked to the Sacra Corona Unita crime syndicate. Last October, the Martiradonna family’s lawyer denied any links between the family and CenturionBet, despite Italian media reports that linked two Martiradonna brothers as managers of gambling operations that shared Maltese addresses with CenturionBet.

Two years ago, Italian authorities launched a major crackdown on the illegal gambling operations of Malta-licensed online betting site Betuniq, which was accused of having ties to the ‘Ndrangheta crime family. The MGA subsequently suspended the licenses of a number of associated online operators.

A more recent anti-mafia operation that Italian authorities dubbed ‘Jonny’ linked the CenturionBet operations to the ‘Ndrangheta syndicate, which reportedly earned €1.3m over a 17-month period for allowing CenturionBet to set up internet-connected retail operations on ‘Ndrangheta-controlled territory.

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Sky Bet seek Malta license; Purple Lounge crowdfunding lawsuit


media-corp-purple-lounge-crowdfunding-lawsuitLeeds-based online gambling operator Sky Betting & Gaming (SBG) has applied for a Malta Gaming Authority (MGA) license ahead of the UK operator’s planned launch into Germany’s online sports betting market.

On Wednesday, the MGA announced that it had received SBG’s formal application for a local sports betting license. SBG, which already holds licenses issued by regulatory agencies in the UK, Alderney and Italy, plans to begin accepting German sports bettors via SkyBet.de later this year.

MGA exec chairman Joseph Cuschieri said SBG’s interest in a Malta license reflected the high value that “world leading brands” like SBG place on Malta’s “reputation as a gaming jurisdiction.”

The MGA also announced regulatory data covering the first four months of 2017, during which the MGA received 59 applications, representing a 79% increase over the same period last year. The MGA issued 36 licenses over this span, one-third more than last year.

The number of administrative fines the MGA has levied against its licensees is also up from nine last year to 14 so far in 2017, while the number of terminated or cancelled licenses fell from 20 to 12.

The MGA has so far suspended only one license, down from two last year, although the MGA also suspended the license of Sunderlands Online Limited on May 19. The MGA declined to explain why Sunderlands was taken to the woodshed, saying it didn’t want to “compromise any investigations that may need to be performed” in the wake of the suspension.

PURPLE LOUNGE LEFT CUSTOMERS BLACK & BLUE
Meanwhile, the long dead ghost of a former Malta-licensed site has been reanimated by an investor looking to crowd-fund a class action lawsuit. Steven Egan, a former “substantial” shareholder in the AIM-listed Media Corporation Plc, is looking to raise £1k via Crowdjustice.com to fund a lawsuit over the demise of online gambling site Purple Lounge.

Purple Lounge, which was licensed by the MGA’s predecessor, the Lotteries and Gaming Authority (LGA), shut down abruptly in 2012, taking the deposited funds of thousands of players with it. Egan claims “millions of pounds” was stolen by Media Corp’s former directors and he’s hoping to raise enough cash to fund a civil action to compel the thieves to fork over their ill-gotten gains.

Sadly, Egan’s campaign has so far raised exactly £0, but the deadline for contributing isn’t until June 29, so lots of time remains for Purple Lounge’s former customers to throw good money after bad.

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The Malta Gaming Authority joins forces with the iGaming Academy in delivering the 1st iGaming Schooling Discussion board, as portion of SiGMA 2016


June 29, 2016

The Malta Gaming Authority joins forces with the iGaming Academy in delivering the first iGaming Education Forum, as part of SiGMA 2016

The iGaming Schooling Discussion board which is taking place all through the SIGMA Conference (sixteen/17/eighteen November), has acquired official guidance from the Malta Gaming Authority (MGA), the impartial regulatory physique dependable for the governance of all gaming functions in Malta.  The endorsement represents a big coup for Discussion board organisers, the iGaming Academy, widely recognised as a major power in the provision of pro coaching and instruction, for the on the net gaming field.

The Malta Gaming Authority joins forces with the iGaming Academy in delivering the first iGaming Education Forum, as part of SiGMA 2016iGaming Academy Director, Jaime Debono, mentioned: “In quite a few people’s eyes, the MGA represents a ‘gold standard’ for gaming governance in the EU and to have secured the Authority’s guidance helps our purpose to make Malta synonymous with coaching and academic excellence.”

Our mission assertion is to ‘grow the field by means of education’ and the first Discussion board will supply complete, current and relevant articles personalized for any specific who strives to keep a effective position in iGaming. This year’s SiGMA is established to break all information and we are looking ahead to bringing a new and dynamic dimension to this effective function.

Joseph Cuschieri, Executive Chairman of the Malta Gaming Authority, explained: “Schooling and coaching are fundamental to the specialist on-heading development of what is the quickest developing gaming sector in Malta. Schooling, innovation and professionalism underpin our brand name and we are looking ahead to taking an energetic portion in the 1st iGaming Schooling Discussion board in November.” He also extra “As portion of this significant initiative – the MGA has nominated Thomas Mahoney to head the coaching division which will more tackle the have to have for instruction in the gaming field”.

The iGaming Schooling Discussion board, which gives the possibility for delegates to gain from 80-years of gaming experience in just a few times, will focus on a few of the big areas of present-day interest to the field such as Compliance, which will contact on regulatory elements such as AML, Anti-Fraud and Payments as perfectly as Dependable Gaming. The function also handles item precise matters, such as Sportsbook, On line casino or Lottery Management and eSports. The Acquisition and Retention workshop, will tackle Client Partnership Management, Social Media Internet marketing and Affiliate Management. All members in the iGaming Schooling Discussion board will also have free entrance to the expo as SiGMA delegates.

For much more information and facts and to sign up for the iGaming Schooling Discussion board, stop by http://www.igacademy.com/igaming-instruction-forum.htm. Notice that spaces are restricted and on a 1st occur 1st provide basis.

Media Enquiries:

Jonathan Taylor – jtaylor@gbmedia.eu

+forty four () 1273 699900



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