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Malta

Tain offers one-minute wagers through new Fast Bet service

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Tain, the gaming software and solutions provider, has successfully launched its new Fast Bet sports betting service.

Fast Bet gives punters the opportunity to place wagers on whether incidents will take place within a defined period during a sports event.

Markets for football matches include whether there will be a goal, corner, free-kick, goal-kick, red card or throw-in during the period, with Fast Bet also available for other major sports. Punters simply click on an event and select the timeframe, which could be as little as a single minute.

Fast Bet – which Malta-based Tain is to showcase at next month’s ICE 2017 event in London – enhances Tain’s already comprehensive sportsbook service.

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Tain Managing Director Mathias Larsson said Fast Bet offers operators the opportunity to differentiate themselves from the rest of the sector.

“Sportsbooks that can offer something different will be the ones that prosper in a competitive marketplace,” said Larsson. “Fast Bet is an exciting new service that can help operators to stand out from the rest.

“Fast Bet is ideal for those punters who become bored through having to wait until half-time or full-time to see their bet settled.

 

“Sports fans can put their knowledge and expertise to the test over a limited period of time. If they think a spell of attack is certain to lead to a goal, or if they think a couple of bad tackles might culminate in a red card, the Fast Bet service is perfect for them.”

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Fast Bet is the latest enrichment to Tain’s service since it was acquired by XIN Gaming last June.

 

Last month it was announced that Tain would increase the number of live events it covers each month to 23,000. In increasing the number of sports covered to 50, Tain now offers markets on the likes of curling, biathlon and water polo, as well as traditional major verticals such as football, tennis and US sports.

 

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Larsson added: “Tain now offers the extras that complement its fully-managed sportsbook. Operators are excited by our enhanced service, and we look forward to displaying our offering to the rest of the sector at ICE 2017.”

 

The Fast Bet service will be demonstrated at Tain’s stand (S1-342) at ICE 2017.

 

 

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About Tain

Tain is one of the most established content and technical services providers in the online gambling industry, having been founded in 1999. Tain’s strengths are its in-house products, including a market-leading gaming platform, payment gateway, casino games, and a comprehensive sports book and odds feed. Tain has also integrated top-tier game providers such as NetEnt, Evolution and Play’nGo.

Contact information:

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Mathias Larsson

Managing Director

[email protected]

www.tain.com

 

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Industry News

Wazdan set to gain more ground at Casino Beats Summit Malta

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Wazdan, the gain-focused developer behind some of the world’s most rewarding casino game experiences is set to make the most of the networking and relationship-building opportunities at Casino Beats Summit 2024 and share its groundbreaking Online gaining™ approach.

Leading a formidable team of Wazdan talent will be Chief Commercial Officer Andrzej Hyla. Joining him in Malta is Promo Tools Specialist Marcin Trafiałek, who has been nominated for the prestigious Product Manager of the Year award at the CasinoBeats Game Developer Awards 2024.

Trafiałek’s nomination recognises his pivotal role in the triumphant success of the Mystery Drop™ promo tool. Additional representatives from Wazdan’s Account Management and Marketing departments will also be on hand, eager to connect and share the latest Wazdan innovations.

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Wazdan’s commitment to excellence is further underscored by its multiple nominations at the CasinoBeats Game Developer Awards 2024. The company’s exciting new titles and features are vying for top honours in various categories, including:

  • Slot to Watch: 25 Coins™
  • Game Mechanic of the Year: Coins™ series
  • Game Feature of the Year: Coins™ series
  • Game Music/Soundtrack: Book of Faith™
  • Game Music/Soundtrack: Los Muertos™ II
  • Game Retro-Style: Mighty Symbols™: Crowns

As a proud sponsor of CasinoBeats Summit 2024, Wazdan reaffirms its dedication to fostering a vibrant iGaming community and actively participating in industry-shaping events. The company looks forward to setting a course for success and collaboration at the summit.

Andrzej Hyla, Chief Commercial Officer at Wazdan said: “Casino Beats Summits are always fantastic events. This year sees us in the enviable position of being shortlisted for six awards which reflects the hard work our team of engineers and inventors have put into the experiences that add value for demanding players.

“We’re looking forward to meeting friends old and new at the event and sharing how we gain ground and ground gain.”

The post Wazdan set to gain more ground at Casino Beats Summit Malta appeared first on European Gaming Industry News.

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Compliance Updates

MGA: Update to the Incident Reporting Requirements

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The Malta Gaming Authority would like to inform its licensees of updates made to the Incident Report mechanism available through the Licensee Portal The information hereunder outlines relevant guidance and procedures for the submission of an Incident Report through the updated reporting instrument entitled the ‘Technical – Information Security Incident’.

As mandated by Articles 37(2)(c) and (d) of the Gaming Authorisations and Compliance Directive (Directive 3 of 2018), “Licensees shall notify the Authority forthwith, and in any case no later than three (3) working days after, the following:

(c) Any breach of the licensee’s information security that adversely affects the confidentiality of information relating to players;

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(d) Any breach of the licensee’s information security that precludes players from accessing their accounts for a period exceeding twelve (12) hours.”

In this regard, Licensees are obliged to submit an Incident Report in order to notify the Authority of the circumstances relating to an information security breach that meet the above specified criteria. Additionally, Licensees are advised to remain mindful of any further obligations emanating from the General Data Protection Regulation (EU/2016/679) and any relevant legislation.

The Technical – Information Security Incident option will be accessible through the “New/Change” dropdown menu via the Portal. Upon selection, users will be directed to the applicable sections of the ‘Technical – Information Security Incident’ where all compulsory fields and any relevant documentation must be submitted to the Authority.

Upon submission, the Incident Report shall undergo review by the Authority. Any missing information that may be identified by the Authority, shall be requested accordingly from the Licensee. It is imperative that any pending clarifications are addressed in a timely manner.

If no further clarifications are deemed necessary by the Authority, the Incident Report will be closed off accordingly, and any relevant documentation will be securely filed for record-keeping purposes.

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Any Incident Reports left in ‘Draft’ form (i.e. opened but not effectively submitted) for a period of ninety (90) days shall be automatically discarded.

The post MGA: Update to the Incident Reporting Requirements appeared first on European Gaming Industry News.

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Compliance Updates

MGA: Updated Non-Profit Tombola and Lottery Application Requirements

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The Malta Gaming Authority has published updated documents outlining the application process and requirements. This includes the revised list of documents required as enclosures with the application for the Non-Profit Tombola, as well as for the Non-Profit Lotteries, which can also be found in the “documents” section on the permits application page.

The revised documents include more detail on the application process, what the Non-Profit Lottery Terms should consist of, as well as a detailed list of enclosure documents.

Although applicants are urged to refer to the revised requirements at the earliest, these requirements will come into force from 1 May 2024. Hence, any applications submitted following this date will need to abide by the revised requirements. Any applications submitted after 1 May 2024, which are not submitted in full and do not include the proof of payment or the signed declaration, will be set to a one-time “Incomplete” mode for sixty (60) days. If the application is not resubmitted in full, whereby any missing sections and/or documents are filled in and/or uploaded successfully within this period, the application will be rejected and will be closed off. Applications submitted or re-submitted less than seven (7) days prior to the commencement of the tombola session/s will incur the additional twenty-five Euro (€25) non-refundable late application fee.

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The Non-Profit Tombola and the Non-Profit Lottery Permits will only be issued upon successful review of the application. Sale of lottery tickets or Tombola sessions cannot be held without the relevant Permit.

The post MGA: Updated Non-Profit Tombola and Lottery Application Requirements appeared first on European Gaming Industry News.

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