Nov 21 st, 2019
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Malta Prime Minister Inaugurates The Stars Group’s New Maltese Office

Malta Prime Minister Inaugurates The Stars Group’s New Maltese Office

Canadian online gambling business The Stars Group has relocated its workplace in Malta up to a location that is new regional news has reported. The new office had been inaugurated by Joseph Muscat, who had been recently re-elected as Prime Minister of the area country.

It was just a few days ago when the video gaming team finished a planned rebranding from that which we have formerly called Amaya Inc.

The Stars Group launched its first office within the sun-kissed Mediterranean area country back in 2012 with only staff that is several. Its workforce in Malta generally increased to more than 300 people, which necessitated the recently finished relocation. The Stars Group’s Maltese operations involve several divisions with employees from 30 different nations.

Commenting on the new office’s inauguration, CEO Rafi Ashkenazi stated that Malta has proved a welcoming host back 2012 when The Stars Group arrived and they are content to really have the chance to renew their commitment to the island country.

The Stars Group is also the owner of the PokerStars and BetStars online gambling brands among other things. While BetStars premiered just previously and is yet to determine itself in the iGaming that is highly competitive, PokerStars is currently the leader within the provision of internet poker services, holding significantly more than two-thirds for the market.

The current modification of name ended up being partly justified with all the continued success of the PokerStars brand name and with the truly amazing objectives owners have concerning the BetStars brand name.

The Stars Group is one of the many gambling businesses to possess opened offices in Malta at any given time whenever country is trying to establish it self being a leading online gambling licensing jurisdiction.

It offers already been announced that the Malta Gaming Authority happens to be working closely using the country’s federal government in the creation of a revised online gambling regulatory framework. Among other things, the latest laws can look to improve Malta’s iGaming certification system by scrapping unnecessary bureaucracy.

The new Gaming Act will remove the multi-licensing system in favor of one that will feature only two types of licenses if approved into law. The MGA will hence give licenses for B2C operations or for B2B operations. The body that is regulatory given a lot more than 500 video gaming licenses to date and you can find organizations that currently hold up to 13 various licenses from this.

The gaming authority has explained its choice to alter the current legislation with the truth that an easier licensing system enables it to target the greater portion of its awareness of more important things. The MGA has also been looking to strengthen its mechanisms for the prevention of money laundering, fraud, and other activities that are criminal might occur inside the gambling industry if it’s perhaps not regulated and monitored properly.

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