Malta rakes record figures from gaming penalty
The Malta gaming authority collected a penalty worth €2.34 million from Blackrock Media Ltd over an unauthorised gaming operation.
Malta.- To turn into the proud iGaming hub it is today, Malta first set some gaming regulations. That’s why it has slapped a non-compliant company with a record fine.
Blackrock Media Ltd, which offered betting services without permission, paid Malta a €2.34 million gaming penalty. It comes from “operating a gaming service through a Maltese legal entity without being in possession of the necessary authorization.”
According to Malta’s Parliamentary Secretary for Financial Services Silvio Schembri, the penalty is “a sure sign” of the MGA taking its responsibilities seriously.
MGA’s latest directive
The Malta Gaming Authority (MGA) recently published the Enhanced Automated Reporting Platform (Land-Based) Directive. This rule establishes the requirements around the application of the authority’s automated reporting system.
This system applies to casinos and controlled gaming premises, as well as providers of critical gaming supplies to the same. The entities that qualify under Directive 6 are required to take all the necessary action to ensure that they have systems in place capable of generating reports in the format and frequency required by the same by November 30, 2020. They also must provide all the necessary assistance during testing phases.
The Enhanced Automated Reporting Platform is a tool which will allow the MGA to receive standardised data on a daily basis from land-based casinos and controlled gaming premises, thereby allowing the MGA direct and immediate access to gambling data, as well as the receipt of real-time alerts to the MGA’s Inspectorate for immediate and timely action.
