Gambling Clear News
Rush Gaming has been stripped of its licence in Malta two months after being handed an initial suspension. The Malta Gaming Authority (MGA) said it has decided to cancel the authorisation issued to Rush Gaming with immediate effect. Rush Gaming operates both the Fansbet.com and Onebet.com websites. MGA did not disclose an explanation as to
The Malta Gaming Authority (MGA) has announced the appointment of Charles Mizzi as its new chief executive, with effect from next month. Mizzi will officially begin his new role as CEO at the Malta regulator on 26 January. He will replace Charles Brincat, who is stepping down after two years at the helm. He joins the MGA
Raketech has posted a third consecutive record revenue total of €21.5m for Q3 2023, driven by an all-time high organic growth rate of 66%. As a result of Raketech’s record Q3 revenue, The Malta-based affiliate business also raised EBITDA by 16.5% year-on-year. This was attributed to the development of its Japan-facing Casumba brand and growth within
The Malta Gaming Authority (MGA) has announced that Carl Brincat is to step down as chief executive when his term ends in January. Brincat, who has served as CEO of the Malta regulator since January 2021, will not seek renewal of his current contract. He will officially step down on 25 January when his tenure
Alex Igelman, CEO of Esports Entertainment, shared the company’s plans for B2C expansion and outlined its divestment efforts in a letter to shareholders published today (18 April). Esports Entertainment has been in trouble since May 2022 when it admitted “doubt” regarding whether it could stay in business for another year. In November, its brands SportNation
Casino Malta has been fined €233,834 (£206,633/$249,510) for a host of anti-money laundering and counter-terrorist financing (AML/CTF) failures. Malta’s Financial Intelligence Action Unit (FIAU), a government agency responsible for combatting money laundering and terrorist financing, fined Casino Malta for a lack of due diligence and inadequate risk assessment procedures. Referring to one case, the FIAU
Betsson Group has announced the launch of the first ever Diversity and Inclusion (D&I) Network in Malta. Betsson’s Network aims to cultivate an inclusive workplace culture in Malta and elsewhere, to allow for dialogue on the topics of diversity and belonging. This is in order to foster an inclusive work environment for all. The idea for
Troubled igaming operator Genesis Global has laid off all of its employees, telling them it may not be able to pay their December wages, and begun insolvency proceedings, just two days before Christmas. As reported by the Times of Malta, Genesis Global sent a letter to all of its 140 employees on 23 December, informing
