The Malta Gaming Authority announced the suspension of Arabmillionaire Limited for breaching the Authority’s regulations which include failure to comply with regulatory requirements and to disclose financial commitments of its operations, breach of regulations to prevent money laundering and failure to pay dues to the Authority.

UAE-based Arabmillionaire Limited is no longer authorised to continue operations in the jurisdiction. This enforcement also prohibits the registration of new players and accepting customer deposits. The B2C online gaming and lotto operator is required to refund player’s credits however has been given the right to appeal the regulator’s decision within 20 days.

This is the sixth enforcement action taken by the Malta Gaming Authority in 2022.

Continue Reading

Protect your cryptocurrency with these five expert tips

29 March 2024
by iGamingCapital.mt

'Hacks, scams and rug pulls not only pose a threat to individual investors but cast a shadow on the broader narrative of cryptocurrency as a revolutionary force in finance'

Safeguarding Malta’s business ecosystem: Geraldine Spiteri Lucas discusses recent changes at the MBR

28 March 2024
by Ramona Depares

'Processes have been re-engineered to specifically make it easier for companies to fulfill their reporting responsibilities’

Is the 4-day work week a trend or a reality?

27 March 2024
by iGamingCapital.mt

While the idea is certainly catching on, the big question remains whether it will become a standard and what consequences impacts this working arrangement will have

Responsible online gambling in Malta: Measures and practices in the online gambling sector

26 March 2024
by iGamingCapital.mt

Responsible gambling means being aware of the risks involved and taking care to never bet more than you can afford to lose

See more