SBTech which is a sports betting software and platform provider has recently announced that it has secured itself a full Class 4 Malta Gaming Authority Remote Gaming License. It added that the license was an important feature for its long-term corporate strategy of increasing its firm’s operations in regulated markets. Earlier in March 2015 SBTech was granted the UKGC gambling software and technology authorization. Thus the Malta MGA Class 4 License is a recent plus to SBTech software. The CEO of SBTech, Richard Carter was delighted to secure a Malta Class 4 license.

He commented thanking the Maltese Gaming Authority and their in-house legal team for their efficiency and professionalism. He added that he was happy that they had fulfilled all their needs and they have been able to secure the much sought-after license. Richard Carter also stated that his software provider’s main objective was to strengthen its position as a market-leading provider of bespoke sportsbooks operators in various regulated markets. They will do this using the MGA Remote Gaming License that will act as a catalyst for great success. There is hope of making additional agreements with various other Maltese licensed operators.

Other deals that will soon be signed will include deals with Malta-based clients such as ComeOn and NetBet.  SBTech received a warm welcome to Malta licensed software providers by Joseph Cuschieri, who is the Executive Chairman of the MGA.  The Executive chairman declared that they were happy to work with SBTech team in granting the company’s Class 4 Remote Gaming License. He took pride that their regulatory and technical standards were quite demanding in the entire gaming industry. He was also happy that the company was quite diligent in providing thorough information in the process that they had in securing the license.

Many betting firms have always made acquisition of operational certificates their first priority the moment they are launched. More often than not, these sites usually avoid being on the wrong side of regulatory bodies when it comes to matters pertaining betting. There different type of certificates depending on the awarding regulatory bond. They differ in terms of duration period, areas they are allowed to operate in as well as the products and services that a firm should accord its clients.

The difference in the type of these certificates has been on existence since the early days of gambling. On that not, iSoftBet, a well known online and mobile games supplier has claimed that it has achieved a crucial step after it acquired the UK Level 3 certificate which is awarded by the UK Gambling Commission.

The process of acquiring this license started a year ago specifically in November of last year when iSoftBet was accorded this license by the UK Commission. However, rules claim that a 12 month period would be given to any firm seeking this certificate in which the gaming company at stake is supposed to bring its entire gaming suite to the third level of compliance.

iSoftBet took this time to strive hard and in the end it was able to meet the standards required by the UKGC. This gave the firm a go ahead and continued to accord its client with a flow of undisturbed service provision.

Recently, iSoftBet created the Neon Reels slot game which added its number of games in its platform and hence the company grew in strength. It is now able to provide its clients with outstanding first hand titles, slots as well as amazing mobile contents. This step forms an enhancement in its reputation and increases its chances of competitive market.

Commenting on the accomplishments, iSoftBet Compliance Manager Mark Halstead noted that the incorporation of the attainment of the level 3 forms a basic step in increasing the commercial development of iSoftBet and hence bolsters their quality and marks a new beginning of a productive period accompanied by massive growth.

Betting has been faced by serious problems especially to those operators who lack the operational licenses. More often than not, these operators are tempted to indulge in illegal betting which in many nations is going against the law. However, there still some operators who operate without license and prevail. They tend to evade the huge taxes that are levied by the sports betting regulatory bodies.

It was reported that more than $145 million has been operated and transacted through illegal betting. To curb the situation, various governments have incorporated state law enforcers who go door to door to seek those who violate the law. Nonetheless, to be on the safer side, it is always advisable to acquire an operational license and avoid being on the opposite side with regulators.

On that note, the Irish betting authority has claimed that it would offer a total of 27 operating licenses to those operators working in its new regulated sports betting market. The new licenses have been granted a gross period of two years. This will now give a chance to the iGaming as well as sports betting companies to accord Irish clients with their products and their services.

The Irish Tax and Customs office issued this new list at the beginning day of September. Among the 27 betting firms in the list included the leading betting operators in the nation; Paddy Power, Boylesports as well as Matchbook. Other betting operators who are based outside the country but were accorded with the license are bet365, William Hill, Gala Coral, Betfred, Betfair and the mighty Ladbrokes. All these firms are based in the UK. 188BET, bet-at-home, Full Tilt and PokerStars are the notable international betting operators included in the list.

The new rules that were initiated on the 1^st of August claim that online casinos, gaming and bingos in the nation will be levied a 1% tax yearly to their income. Online Sports Betting on the other hand will be accorded with a 15% revenue cut. This is much less than what the UKGC of UK levies to its bookmakers.

This fresh innovation is deemed to be fundamental in the initiation of the Irish Gambling Control Bill come the year 2016 and will be the beginning of a specific betting operator.

The UK Sport Minister Tracey Crouch has claimed that she has accepted with open arms the new gambling act regarding advertisement. The new incorporation claims that betting firms will not even once conduct their advertising programs via Televisions ant time before 9pm. This comes after a four stand-review of betting adverts came into conclusion after it was launched by the legislative in 2014. The announcement of incorporation of the measures was conducted by the Industry Group for Responsible Gambling.

Madam Minister accepted the move but claimed that the betting industry together with regulators should look deeper as to how they conduct their adverts on social media. This would be a guarantee in the protection of the young people.

Crouch also claimed that the initiation of the IGRG initiative would be a key factor in strengthening the industry code and should add in the Television offer that would see these adverts made only after 9 PM. She also called upon the operators, regulators as well as the social media companies to take up the role of ensuring the marketing of their products is conducted at the right matter and on the right time in order to avoid re-establishing them to the young adults.

She continued to say that she would work day and night in monitoring the actions of these betting firms and she would not stop at anything in imposing punishments on them (betting firms) go against the stipulated acts.

The IGRG review is the fourth installment as three other gambling reviews were conducted by the Gambling Commission, the Advertising Standards Authority and the Committees of Advertising Practice.

This comes after recommendation to ASA was eminent after the association claimed that gambling adverts should be put on check in attempt to safeguard young people. However, recent review by the Committees of Advertising Practice claimed that no substantial evidence was portrayed for the incorporation of rules change.

The ongoing controversy has made the UKGC reinforce its provisions in the license as well as codes of practice (LCCP) which would call for free bonuses and bets comply to the CAP/BCAP rules as well as having an open, apparent and reliable guidance.