Evobet to be denied certification in Malta
Online casino operator – Evobet, has been denied a market presence certification by The Malta Gaming Authority (MGA), due to a breach of payment-related rules.
New Return to Player Regulations from the MGA
Located in SmartCity, the Malta Gaming Authority has introduced more efficient Return-to-Player legislation for iGaming industry and offline casinos licensed in the country.
85% is the new streamlined RTP percentage for offline casinos and other gambling businesses. Prior to revised regulations, the percentage was 7% higher.
The MGA didn’t adopt the new regulation alone – the new RTP policy was adopted after discussions with industry business-to-business and business-to-client stakeholders.
The new legislation and government policy towards the gambling industry were explained in detail in Policy Paper published by the MGA. The new regulations were adopted taking into account the expertise of many major European gambling countries from Gibraltar to Sweden.
European gambling industry authorities don’t always set Return to Player percentages in compliance with the technical characteristics of gambling machines and games.
Many industry businesses noted that the operators should be given the opportunity to define the RTP percentage within the set ranges. This will help the businesses overcome headwinds and new taxation policies.
The Malta Gaming Authority also noted that
Many industry businesses and stakeholders stress that lowered RTP will allow the operators to offer services in jurisdictions that are otherwise unprofitable.
Both iGaming and land-based casino suppliers emphasize that the new policy will have little impact on how games behave as the key factors of their operation are relying on chance and justice.
Everything is not so unambiguous as it may seem. Business-to-client companies engaged in the industry highlight the lower RTP percentages might discourage the gamblers and negatively affect their gaming experience.
Other B2C stakeholders note that they will be able to offer more games or at least as many games as businesses operating in markets without RTP limitations. To address the concerns of operators the MGA will monitor the initial stage of implementing new regulations.
BGaming obtains supply licence from MGA
The provider obtained the regulatory approval that was required form the Malta Gaming Authority and is now able to provide its entire suite of online casino games such as...
