Online Casino Transfer: News - An Interview with Portanier

01/26/2010		Online Casino Style: News An Interview with Portanier
Home History Games News Dictionary		Though he’s managed to stay relatively quiet in his new post as the CEO for Malta’s online gambling licensing authority nine months ago, Reuben Portanier has graced the internet gambling community with his opinion by giving an interview with the Sunday Times newspaper, shedding some light on the status and future of the industry in Malta. Overall, the interview came off with more optimism than might be expected, as Portanier reported on the growth of the market from his leadership position at the LGA (Lotteries and Gaming Authority). In spite of less-than-ideal economic conditions that continue to plague all nations of the world, Malta’s internet gambling licensing continues to grow, with more than 335 licenses assigned to some 250 operators. According to their year end report, the online gambling sector paid up a healthy €19 million in fees to the LGA, a significant jump from the €15.6 million that was paid in 2008. In celebration, the LGA will be sending 14 staff members to this year’s IGE-ICEi exhibition in London. He also said that of all the exhibitioners at the conference, more than half have some connection to Malta in their operations, or subsidiaries. One of the principal attractions that Malta holds for online gambling companies is their continued dedication to the free movements of goods and services, catering especially to member nations of the European Union as well as the EuroZone. They hold technology in high esteem, out importanced only by the need for safety, security and impeccable business practices from their licensees. For example, the LGA collaborates deeply with the police, both local and foreign, as well as financial institutions, and other authorities, creating a standard of cooperation to ensure proper regulation of the online gambling industry under their jurisdiction. "We are not a fly-by-night regulator," Portanier was quotes as saying in the interview. "We improve constantly. We ensure that we are in tune with the technical, legal, European and gaming changes within the industry. The LGA's 52 staff includes certifiers, auditors, and legal experts. We also have a network of certifiers from private industry to which we outsource. This ensures a degree of independence. That is what helps us react to changes swiftly."

01/26/2010

Online Casino Style: News
An Interview with Portanier

Though he’s managed to stay relatively quiet in his new post as the CEO for Malta’s online gambling licensing authority nine months ago, Reuben Portanier has graced the internet gambling community with his opinion by giving an interview with the Sunday Times newspaper, shedding some light on the status and future of the industry in Malta. Overall, the interview came off with more optimism than might be expected, as Portanier reported on the growth of the market from his leadership position at the LGA (Lotteries and Gaming Authority).

In spite of less-than-ideal economic conditions that continue to plague all nations of the world, Malta’s internet gambling licensing continues to grow, with more than 335 licenses assigned to some 250 operators. According to their year end report, the online gambling sector paid up a healthy €19 million in fees to the LGA, a significant jump from the €15.6 million that was paid in 2008. In celebration, the LGA will be sending 14 staff members to this year’s IGE-ICEi exhibition in London. He also said that of all the exhibitioners at the conference, more than half have some connection to Malta in their operations, or subsidiaries.

One of the principal attractions that Malta holds for online gambling companies is their continued dedication to the free movements of goods and services, catering especially to member nations of the European Union as well as the EuroZone. They hold technology in high esteem, out importanced only by the need for safety, security and impeccable business practices from their licensees. For example, the LGA collaborates deeply with the police, both local and foreign, as well as financial institutions, and other authorities, creating a standard of cooperation to ensure proper regulation of the online gambling industry under their jurisdiction.

"We are not a fly-by-night regulator," Portanier was quotes as saying in the interview. "We improve constantly. We ensure that we are in tune with the technical, legal, European and gaming changes within the industry. The LGA's 52 staff includes certifiers, auditors, and legal experts. We also have a network of certifiers from private industry to which we outsource. This ensures a degree of independence. That is what helps us react to changes swiftly."