Is Malta’s Lotteries and Gaming Authority a serious governmental body?
Chris F. Masse May 29th, 2008
Yes.
I did a quick research, and here are 2 points I got:
- The European Union’s Commissioner for Internal Market and Services, Charlie McCreevy, praised Malta’s Lotteries and Gaming Authority for their professionalism.
- Malta’s Lotteries and Gaming Authority are working on a “Remote Gaming Standard”. (PDF file) - Sounds good.
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As you remember, BetFair Games, BetFair Poker, BetFair Casino, BetFair Multiples, and all non-UK BetFair customers, are covered by Malta’s Lotteries and Gaming Authority.
I’ll have, later on, a short post on the API delays for BetFair’s non-UK traders.
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- Ethics , Exchanges & Markets , Regulations
- Comments(9)
I don’t know… but I found this refreshing document.
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Exactly, the question is WHAT policy for consumer protection?
WHY do we need a consumer protection policy for the online gaming?
To protect him from the provider who may abuse him, and from his own actions when these are deemed to have undesirable effects. To protect the industry from being used as a channel for illicit funding, fraud and crime.
Why is online gaming different from other forms of gambling and therefore requiring
the same or different means of consumer protection?
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Currently the online gaming world is facing a wide array of policies – or lack of them, stemming from fragmentation, lack of sufficient knowledge, bad-repute (wild-west) and a great legal uncertainty for both the industry and the consumer.
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http://www.lga.org.mt/lga/file.....Speech.pdf
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I also read there’s a forum somewhere. For genuine debate in the interest of the public.
[...] and Gaming Authority. (As you all know, Malta is a state that is a member of the European Union.) I told you I would have a short post on the API delay for BetFair’s non-UK traders. Here’s what I [...]
[...] I’m surprised and disappointed. [...]
“Just scratch away an itsy bit at the surface and you’ll discover the real truth behind ostensible “regulation”: they don’t actually do anything at all. They take fees and grin at the camera lens, but they do nothing beyond this.”
http://www.midasoracle.org/200.....ment-19828
This was recently brought to my attention:
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http://www.independent.com.mt/.....emid=22723
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Only discussion I’m aware of is here:
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http://mb.winneronline.com/sho.....&pp=10
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Gets better and better, doesn’t it?
This deal-making is not in the interest of the public. Either the software malfunctioned or it didn’t. It’s the LGA’s responsibility (on top of this legal dispute ) to find out what happened and act accordingly.
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As for the Malta independent, it would help if they could provide a reliable date whenever they publish an article.
October 2005.
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Chris quoted:
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“The European Union’s Commissioner for Internal Market and Services, Charlie McCreevy, praised Malta’s Lotteries And Gaming Authority for their professionalism”
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Interesting, isn’t it? Actually, he is at no point on the record as praising them for anything. Looks to me like that bingo site is putting words in venerable Commissioner’s mouth:
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http://www.lga.org.mt/lga/file.....008_05.pdf
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Tangled web of misinformation out there, wouldn’t you say?
I find it disturbing that a government-controlled body, from a member EU state can be embroiled in such a situation.
Is it the opinion of anyone here (personal opinion only please!) that they don’t know that such questions are being asked, or do you prefer to draw the conclusion that they don’t care what we, the public might, conclude?
Adonis
It is the people who don’t give a shit Adonis. A regulator’s policies/achievements is simply a reflection of that.
You’re way ahead of everyone else on integrity issues, surpassing what seems obvious to you.
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The problem with prediction exchanges, this huge potential of extremely valuable information, is that it’s success will be dependent on the level of integrity we can inject. And of those who do care, most don’t understand why.