How Maltese Online Gambling Became an ATM for the Italian Mafia

[lonnie55]

https://www.occrp.org/en/thedaphneproject/how-maltese-online-gambling-became-an-atm-for-the-italian-mafia

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Interesting article.

Let's hope the stuff about Malta becoming the worldwide hub of cryptocurrency regulation does not come to pass.

[lonnie55]

Yah, hopefully not. This island is corrupt AF

-A murdered journalist who investigated on ties between Politics and Mafia

-Son of Ex-Prime Minister involved in the gaming industry

-Authorities do not cooperate with other countries within the EU

I do not remember one single case the MGA helped me when I had troubles with a MGA licensed book

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That article talks about the MGA being a regulator, the way most of us think they should be. But they have directly said to me in the past that they do not consider themselves as having authority to make orders against books in disputes. Just grant, deny or cancel licences.

[lonnie55]

That article talks about the MGA being a regulator, the way most of us think they should be. But they have directly said to me in the past that they do not consider themselves as having authority to make orders against books in disputes. Just grant, deny or cancel licences.

But they violate their supervisory duties

https://www.reuters.com/article/us-malta-gambling-insight/how-malta-rolled-dice-on-online-gambling-supervision-documents-idUSKBN18H0SN

[HeeeHAWWWW]

That article talks about the MGA being a regulator, the way most of us think they should be. But they have directly said to me in the past that they do not consider themselves as having authority to make orders against books in disputes. Just grant, deny or cancel licences.

They were totally useless when Goldvictory stole a pile in 2008 - lost 5k here.

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But they violate their supervisory duties

https://www.reuters.com/article/us-m...-idUSKBN18H0SN

Not a surprise. I believe they have more direct regulatory responsibility than they claim too.