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” The watchdog’s Director, Kenneth Farrugia, proclaimed that the improved accord with the MGA will further help the organization to ensure that ‘the highest levels of anti-money laundering and financing of terrorism compliance are applied across the gaming sector’.Increasing the jackpot pool will help give operators an edge over their competitors in what is an increasingly crowded iGaming market....

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The iGaming regulator used an official Wednesday press release published by European Gaming Media and Events to detail that the fresh alliance is due to see the two entities work to improve their information sharing capabilities so as to better combat money laundering and the financing of terrorism.The advanced feature enables prize pools within the provider’s jackpot games to be instantly boosted, for an increase in win potential.“In a crowded market this simple but highly effective solution drives additional revenue for operators while offering lucky players even bigger win potential....

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Read a statement from the latter Farrugia…“The memorandum of understanding will therefore further strengthen the long-standing excellent relationship and the level of collaboration between the two authorities and demonstrate our commitment and determination in increasing Malta’s effectiveness in combatting money laundering and terrorism financing.Close connection:Heathcliff Farrugia, Chief Executive Officer for the MGA, used the press release to declare that he is ‘delighted’ to have signed such an agreement with the FIAU so as to further ensure that the online gaming market in Malta ‘is kept free from crime.The advanced feature enables prize pools within the provider’s jackpot games to be instantly boosted, for an increase in win potential....

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Due to the nature of our roles, we are in regular contact, also conducting joint supervision on MGA-licensed entities.The brand new feature can be used by iGaming operators to instantly improve a brands’ marketing tools by increasing a jackpot by €50,000, for instance, and following with a campaign on the game.”The Cherry AB subsidiary offers a comprehensive suite of “best performing local jackpot games,” including Ozwin’s Jackpot, Holmes & the Stolen Stones, Doctor Fortuno and the adventure-themed title, Jackpot Raiders, as well as its progressive jackpot offerings Empire Fortunes and Joker Millions....

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Due to the nature of our roles, we are in regular contact, also conducting joint supervision on MGA-licensed entities.“In a crowded market this simple but highly effective solution drives additional revenue for operators while offering lucky players even bigger win potential. The deal allows the firm access to Yggdrasil’s comprehensive game development process, the YG platform including its new Game Adaption Tools & Interface (GATI) product, game promotional tools via BOOST, as well as access to YG Masters partners-created content....