Connect with us

News

MGA boss Joseph Cuschieri to become MFSA’s CEO

Published

on

Malta Gaming Authority boss Joseph Cuschieri to become MFSA's CEOReading Time: 2 minutes

Mr Cuschieri’s departure will also lead to musical chairs at the gaming authority

 

Joseph Cuschieri, an accountant who has been heading the Malta Gaming Authority since Labour was returned to power in 2013, has been selected by the Office of the Prime Minster to serve as the new CEO of the Malta Financial Services Authority, The Sunday Times of Malta is informed.

The MFSA law does not contemplate the post of a CEO so the government is amending it specifically to create the position, long earmarked for Mr Cuschieri.

Since its inception in the late 1980s, when Malta laid the seeds for its now burgeoning financial services industry, the MFSA has been led by Prof. Joe Bannister, except for a short stint during the 1996-1998 Labour government when he was replaced by Edward Scicluna, today’s Finance Minister. In 1998, following the premature collapse of Alfred Sant’s Labour administration, Prof Bannister was reinstated by then Finance Minister John Dalli, known to be a close friend of his.

Despite pressure from senior Labour quarters, including repeated public calls by Education Minister Evarist Bartolo for the removal of Prof Bannister, Prime Minster Joseph Muscat has kept him in office and defended him against accusations of conflicts of interest including those revealed by the Paradise Papers.

The MGA boss has been eyeing the position at the MFSA for a long time. However, it was only after Labour’s last victory at the polls that the OPM decided to give him the position, following more dissent over the possibility of Prof. Bannister being reconfirmed. According to an amendment in the MFSA law, which still needs to be approved by Parliament, the new CEO must be selected by the board of governors of the financial regulator, which is meant to be independent.

However, an OPM source said that the decision on Mr Cuschieri has already been taken by Castille.

An industry source said: “It is a joke in industry circles that the MFSA or its new non-executive chairman, Prof. John Mamo, will have any say in the selection of the new CEO. Everyone in the industry knows that Mr Cuschieri has already been chosen by the OPM.

Mr Cuschieri’s departure from the MFSA, in a few weeks’ time, will also lead to musical chairs at the gaming authority.

The expectation is that Mr Cuschieri’s right hand man at the MGA, Heathcliff Farrugia, will step into his shoes while the current chairman of Mimcol, Adrian Said, will be appointed non-executive chairman.

Mr Farrugia, a former colleague of Mr Cuschieri at Vodafone, was recruited to the MGA by Mr Cuschieri without any call for applications.

Both Mr Cuschieri and Mr Said are considered as part of the inner circle of the Prime Minister’s chief of staff, Keith Schembri.

At the MGA, Mr Cuschieri was one of the highest paid political appointees on the island, given a remuneration package of over €120,000 a year.

Industry sources say he is now gunning for an even better package in his new post.

During his tenure, the MGA saw its operating costs more than triple, reaching €10 million in 2016, while the industry continued to flourish.

Relocating its premises to Smart City, the MGA paid €4.3 million to fit-out a building leased for 15 years from the Dubai-based company. Mr Schembri sits on the board of Smart City.


Source: European Gaming Media and Events

News

Multilotto strengthens its executive leadership team

Published

on

Reading Time: 2 minutes

 

Online lottery betting company sees the appointment of former Chief Financial Officer, Christian Hellbjer as CEO after the departure of Thomas Biro, and the appointment of Mark Knighton as Head of Operations.

Christian Hellbjer has been named Multilotto’s new Chief Executive Officer after the departure of Thomas Biro who served as CEO for the past 7 years and has seen the company’s impressive growth journey from a messenger service to an established online lottery betting service with licenses in the UK, Ireland, Malta and Sweden.

After completing his studies at Lund University, Christian joined The Multi Group as Financial Controller. He quickly rose through the ranks to become the company’s CFO strengthening not only the senior management team but also structuring and streamlining the financial processes within the organisation. Talking about his new role as CEO, Christian says: “It’s an honour for me to take over the role of CEO and I am very excited to have the opportunity to guide the Multilotto team to the highest levels and continue building on our strong foundations.”

2019 also sees the appointment of Mark Knighton as Multilotto’s new Head of Operations.

With over 25 years’ experience working within various iGaming, lottery and technology sectors, Mark’s former roles as the Chief Sales Officer at Swedish National Lottery operator Svenska Spel and former Founder of Obsidian Consultancy, provide the in-depth knowledge and experience needed to drive Multilotto’s company culture and operational direction to advance Multilotto’s industry dominance.

Mark says: “This is a very exciting time to join a company which has been making substantial headway in the online lottery betting industry, and I look forward to playing a key role at Multilotto in keeping the drive of such an ambitious operation moving forward.”

Multilotto is one of the leading international betting services for lotteries offering secure and competitive bets. With Multilotto, players can break down borders and bet on a wide range of international lottery jackpots including America’s Mega Millions and Powerball draws.


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Multilotto strengthens its executive leadership team

Continue Reading

News

StarCasinò and Lega Basket Serie A together at the Italian Basketball Cup 2019

Published

on

Reading Time: 2 minutes

 

Lega Basket Serie A and StarCasinò are proud to announce a sponsorship that will bring Lega Basket Serie A and the number one casino in Italy together at the Italian Basketball Cup 2019. StarCasinò will be the Official Gaming Partner for the Italian Basketball Cup event that will see the final eight qualifying teams playing for the cup, known as Coppa Italiana di Pallacanestro. The tournament is taking place in Florence between 14th and 17th February.

The sponsorship includes brand presence during all matches through LED boards, logo on the basketball court and visibility in the Lega Basket offline and online media. The package provides StarCasinò the opportunity to increase brand recognition and includes several elements for brand activation. The seven matches will be broadcasted live from the Nelson Mandela Forum on Rai Sport HD, Eurosport 2 and Eurosport Player.

Pietro Lechiara, Marketing Manager at StarCasinò, Betsson Group said of the announcement: “StarCasinò is delighted to be part of the Basketball Cup 2019, one of the most important events for basketball in Italy. We’re passionate about sport and it’s a very important part of our brand strategy. This strategic partnership will further allow us to promote our responsible gaming values.”

Lega Basket Serie A president Egidio Bianchi, said: “We are very proud to have StarCasinò with us, as it yet again demonstrates that Lega Basket Serie A and Basketball Cup 2019 are establishing a strong brand with a key showcase event in the Italian sports calendar. With this partnership, we are sure that we’ll also give new entertainment experiences to the fans”.

About StarCasinò
StarCasinó is Betsson Group’s Italian brand which holds iGaming license AAMS n. 15230. The quality of StarCasinó is highly recognised locally as one of the best casino operators within the Italian online casino market. Everything is in full harmony with the vision and objectives of the Swedish company, Betsson Group, which wants to provide the best gaming experience in the field. Betsson Group has won several international prestigious awards, such as the EGR Best Operator Award, EGR Best Customer Support and also recognised for its Best Affiliate Programme at the EGR Italy Awards 2018.

About Betsson Group
With 17 brands, including Betsafe.com, Betsson.com, NordicBet.com and CasinoEuro, offering Sportsbook, Casino and other games, Betsson Group is one of the world’s largest gaming groups, at the heart of entertainment for over five decades. The company’s vision is to provide the best customer experience in the industry – listening to, and learning from, its customers, and then exceeding their expectations. Betsson Group is wholly owned by Betsson AB – listed on Nasdaq Stockholm Large Cap.


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: StarCasinò and Lega Basket Serie A together at the Italian Basketball Cup 2019

Continue Reading

News

NSoft brings iGaming Future to february London event

Published

on

NSoft brings iGaming Future to february London eventReading Time: 1 minute

 

The sports betting technology provider NSoft will be showcasing its comprehensive suite of products including a full Sportsbook platform, Virtual games and the latest innovations in AI solutions at ICE London 2019.

NSoft’s Self-Managed Pre Match application is fully integrated into Seven Platform and gives the betting operators full autonomy of sports events creation, odds management and risk management. Except for already supported option of importing Betradar Unified Odds Feed, the customer has the ability to manually create any sport, tournament, market and event, as well as to resolve the markets.

The upcoming ICE London 2019 is the only B2B gaming event that truly brings together the international online and offline gaming sectors. During this event, held from February 5 to February 7, 2019, NSoft’s focus shall be on promotion of new products and comprehensive business solutions.

NSoft team is performing the latest product polishing before presenting it to the industry’s leading stakeholders. This year we shall be hosting you on our stand with impressive design and demo zones.

Don’t miss out on the chance to find out more about NSoft’s products. Please meet us at Stand S1-260. Book a meeting with our team or contact sales@nsoft.com.

 


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: NSoft brings iGaming Future to february London event

Continue Reading

Trending

%d bloggers like this: