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Joining the igaming eco-system - Evolution or revolution?

Description

Registration Time: 13.15
Session Time: 13.30 - 16.45 including a 15-minute coffee break
Speaker: Mr Alan Alden
Venue: Lower Ground, Tower Training Centre, Swatar

Participation Fees
MIA Members: €35.00
Non-MIA Members: €70.00
Retired Members: €15.00
Students: €20.00

Background Information
Online betting started being regulated in Malta in 2000. In 2004 the revolutionary Remote Gaming Regulations were published to coincide with Malta joining the EU. The igaming industry evolved rapidly and even though the 2004 regulations were designed to be technology independent, the business models that developed and the changes in the markets, rendered the regulations outdated and new regulations were required. The MGA started working on a revolution in the legislative framework for all gambling and betting activity, be in land based casinos, online gaming or VLTs. The result was a new all encompassing Gaming Act and a number of subsidiary regulations covering the licencing process, compliance, player protection, commercial communications, etc. The MGA also released a number of supporting directives and GDPR guidelines. In the same year, 2018, gaming operators became subject persons and the GDPR came into force in May 2018. Over and above all these changes there were changes too in the VAT and the type of registration required for different games being offered. From an Exempt without Credit Article 12 entity, it became a ‘it depends’ what games you offer choice. Most operators are now Article 10 as they offer games that would attract VAT when the point of consumption is in Malta. Partial attribution would then come into play and further complicate the VAT returns.

Objectives of this session
To gain a general understanding of the licencing procedure and post licencing operations and compliance matters.

Topics on the agenda
History of regulation, The New Act and how its different, Post-licensing: Governance and compliance, Reporting

Target audience
Professionals wanting to onboard gaming clients, accountants with clients or wanting to enter the industry, CFOs without a gaming background, Internal Auditors, Financial Auditors new to gaming

 

CPE Hours

3 hours Core

Speaker
Alan Alden
Kyte Consultants Ltd

Alan began his career as a banker in 1979 and later developed into an Information Systems Auditor and led the bank’s IT Audit section. In 2000 he left to join Deloitte, where he set up the Enterprise Risk Services department. In 2000 he also began assisting and advising the first remote gaming companies to come to Malta, and he continued to specialise in this field.

 

In 2006 Alan, together with his now-business partner Trevor Axiak, decided to take their destiny into their own hands by forming Kyte Consultants Ltd, specialising in the remote gaming and the payment card industry. Contact Advisory Services was the brainchild of Kyte Consultants and Dynamic Management Solutions Ltd and today it offers their clients a complete service from one trustworthy organisation.

 

Additionally, Alan is the current General Secretary of the Malta Remote Gaming Council and is a Visiting Senior Lecturer at the University of Malta. 

9
December 2019

Joining the igaming eco-system - Evolution or revolution?

(M1977)

Organized By: The Malta Institute of Accountants
Type of Event: Seminar

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Date & Time
2019-12-09 13:30:00 2019-12-09 16:45:00 Europe/Malta Joining the igaming eco-system - Evolution or revolution? Online betting started being regulated in Malta in 2000. In 2004 the revolutionary Remote Gaming Regulations were published to coincide with Malta joining the EU. The igaming industry evolved rapidly and even though the 2004 regulations were designed to be technology independent, the business models that developed and the changes in the markets, rendered the regulations outdated and new regulations were required. Lower Ground, Tower Training Centre, Swatar, The Malta Institute of Accountants
Mon, 9 December 2019
13:30 - 16:45
Location
Lower Ground, Tower Training Centre, Swatar,
Cancellation Policy

Refer to Terms and Conditions

Terms & Conditions
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