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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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Compliance Updates

MGA: Updates Relating to the “New Recognition Notice Certificate” and “Recognition Notice Certificate Annual Maintenance” Applications

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The Malta Gaming Authority (MGA) has notified all prospective and current holders of a Recognition Notice Certificate (RN Certificate) that the guidance pages for the following applications have been updated:

New Recognition Notice Application; and,

Recognition Notice Annual Maintenance Applications.

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The Applications Page has been updated to reflect the documentation that is required to be submitted via the Licensee Portal to apply for a new RN Certificate. Particular attention is to be paid to the details which are to be covered in the “Legal Opinion” section.

The Compliance Page now reflects the documentation that is gathered annually when the RN Certificate maintenance application is reviewed by the MGA. The RN Certificate holder has to submit a “Recognition Notice Annual Maintenance” application via the “Online Services” dropdown in the Licensee Portal on an annual basis, prior to the anniversary of the RN Certificate. The application should be submitted at least two months prior to the anniversary.

Should there be any changes made to the licence/s issued by the foreign jurisdiction, the addition of new foreign licence/s, or pertinent changes to company details, RN Certificate holders will now be required to submit a new application found within the “Online Services” dropdown: “Changes to Recognition Notice Certificate” application. This application must be submitted whenever there are updates to the details previously provided to the Authority. This includes adding new foreign licences, modifying existing foreign licences in the current RN Certificate, and updating company details, directors, or domains.

RN Certificate holders should ensure that the information held on record is accurate and representative of the RN Certificate holder’s operations at all times, and not just at Annual Maintenance stage.

The changes to the application requirements for both new RN Certificates, as well as the Annual Maintenance of the RN Certificate, will come into force as of 1 July 2024, although applications submitted in line with the revised guidelines before this date will also be accepted.

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The post MGA: Updates Relating to the “New Recognition Notice Certificate” and “Recognition Notice Certificate Annual Maintenance” Applications appeared first on European Gaming Industry News.

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Compliance Updates

MGA Publishes New Guidance Manual Related to Reporting of ADR Proceedings

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The Malta Gaming Authority (MGA) has published a new guidance manual related to the reporting of the Alternative Dispute Resolution (ADR) proceedings. The manual aims to provide licensees with a clear outline of the expected requirements and procedures relating to the submission of monthly ADR reports using the Licensee Portal on the website.

In line with Part V of the ADR Directive (Directive 5 of 2018), B2C licensees are required to report to the Authority each dispute that has been referred to the ADR entity, together with the conclusion of such dispute once a decision has been taken by the ADR entity. In this regard, a new report entitled “ADR Report” has been created and can be accessed from the “Company Timeline” on the Licensee Portal.

This reporting requirement comes into effect from this month. Consequently, the first submission needs to be made by not later than 20 June 2024, whereby licensees are required to report the disputes that were referred to their respective approved ADR provider in the previous month.

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Compliance Updates

MGA and AGCO Enter into a New Memorandum of Understanding

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The Malta Gaming Authority (MGA) and the Alcohol and Gaming Commission of Ontario (AGCO) have entered into a new Memorandum of Understanding, building on their continued relationship to solidify the collaborative efforts between the two gaming regulators.

In light of the transnational nature of the gambling industry, both the MGA and the AGCO acknowledge the necessity of international cooperation. Both regulators align on common objectives and values in overseeing the gaming sector, including protecting the public interest, safeguarding of vulnerable individuals from gambling harm, and consumer protection.

The new MoU aims to further strengthen the long-standing collaboration between the two regulatory bodies, as it facilitates the exchange of crucial regulatory information and best practices, and mutual operational assistance concerning gaming operators. It also aims to cultivate a safer and more secure gaming environment across both jurisdictions, as it enables the MGA and the AGCO to perform their functions more effectively.

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MGA CEO Charles Mizzi said: “Our ongoing collaboration with AGCO has yielded tangible results in the past, and through this MoU we are committed to further bolstering our inter-jurisdictional relationship. Our focus remains on fostering the exchange of information, with the overarching goal of improving our regulatory practices and addressing mutual challenges effectively.”

The post MGA and AGCO Enter into a New Memorandum of Understanding appeared first on European Gaming Industry News.

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