Business

Why Jaser Davari says MGA Casinos are the Future?

Published

3 years ago

September 16, 2021

This article features an exclusive interview with an iGaming expert Jaser Davari who was an integral part of the online gambling industry for years. He talks about the potential that Malta Gaming Authority licensed casinos possess. The interview tackles the future of MGA casinos as a gaming hub of excellence.

We know that not every company can get a license from the Malta Gaming Authority. How legit is the MGA license, and are the efforts done in order to get this worth it?

A regulated framework is necessary for having a safe online gambling experience. The Malta Gaming Authority (MGA) is one of the most reputed regulators out there. MGA regulates sports betting, land-based casinos, online gambling, fantasy sports, and lottery games for many business-to-business and business-to-customer services.

MGA is known worldwide for its strict rules and regulations, so casinos with MGA licenses have a good reputation in the online gambling industry. These regulations are actually beneficial for player protection. MGA works effectively in preventing gambling addiction and protecting players against criminal activities. The Malta Gaming Authority constantly monitors and updates online gambling laws.

Moreover, the MGA licensing application process is clear and quick. The Malta Gaming Authority is a reputable and established regulator in the iGaming industry. So, if you are making efforts in order to get one, then it’s completely worth it.

Lately, many new regulators have emerged across Europe with a possibility that a few companies may shift their operations to other jurisdictions. Will it impact the MGA in any way?

Well, this may also work as an opportunity for the Malta Gaming Authority to collaborate with other regulators. For example – In 2019, the MGA signed an MoU with the Swedish Gambling Authority. This type of collaboration can help in sharing industry-related knowledge and discuss best practices. Moreover, MGA casinos have continued to grow and add value to their platforms.

Malta was one of the first European Union member states to regulate online gambling. The Malta Gaming Authority has set up a transparent and reputable licensing process.

Several new forms of gaming, such as fantasy sports and eSports, have emerged in the past few years. What is the MGA casinos’ stand for this?

Some MGA casinos are already regulating the betting on eSports. The Malta Gaming Authority has provided its license to many eSports platforms. MGA makes sure that the regulatory intervention does not go beyond what is needed to ensure a fair gaming experience to players. Also, eSports and fantasy sports can be an exciting area for the growth of MGA casinos.

Responsible gaming is important to the future of the gambling industry. What does the future of responsible gaming look like from an MGA perspective?

MGA casinos keep improving their regulatory framework and its implementation. Furthermore, the MGA itself conducts specialized audits to check whether the MGA-licensed casinos fulfill the responsible gambling regulations. MGA casinos take a proactive approach to ensure that no one on their site is a problem gambler. If they find any player at risk of developing a problem, they assist the player to play responsibly. Sometimes, MGA casinos even seek out the best ways to achieve this objective.

The Malta Gaming Authority is doing everything to live by its reputation. MGA is not avoiding its regulatory practices to attract more companies. By far, MGA is one of the most trusted gambling authorities in the market.

This was a great insight, Mr. Jaser Davari. But what can you say on what makes MGA licenses so popular?

Well, thank you. Talking about MGA licenses, these are considered to be top-notch in the gambling industry. Although European states are introducing their country-level regulations over gambling, Malta Gaming Authority still holds a prominent position in the market. Also, if we compare the MGA license to other alternative licenses such as; Curacao and Kahnawake licenses, the MGA license is the most reputable in all.

Due to higher taxes, many operators do not find MGA licenses as their first choice. However, the stable regulatory framework, anti-money laundering practices, and steps taken for player protection make MGA licenses worth any amount and effort. On the other hand, players mostly prefer to gamble at MGA-licensed casinos. Knowing that the operator must have gone through the process of due diligence for its licensing, players can easily trust MGA casinos.

What are your views about the future of casinos licensed under the Malta Gaming Authority?

Predicting the future of any company or authority in this fast-changing gambling industry is not easy. What looks certain is that the setting up of country-level regulations in European countries may impact MGA to some extent. However, the number of jurisdictions without any country-level regulation would not decrease so easily. And, operators always have a choice to choose a well-respected regulator. So, as long as MGA maintains its excellent regulatory practices, operators will keep trusting it for its licenses. Currently, many MGA casino businesses are expanding globally and are well-known for their legitimacy.

This was the major discussion we had with Mr. Jaser Davari, the iGaming expert. We hope you got to learn more about MGA casinos and what role they will play.

Business

Retire Smart, Save More: How MDRN’s Virtual Planning Model Can Slash Retirement Costs

Published

3 days ago

October 8, 2024

Rosario Farell

The media is calling it a “retirement crisis.” Millions of Americans are arriving at retirement age woefully unprepared.

Some studies suggest that 45 percent of the Baby Boomers have no retirement savings, while 28 percent of those who have started saving have less than $100,000 put away. Consequently, many Americans now living in retirement or approaching that season are looking for ways to cut back on their expenses.

Aaron Cirksena, founder and CEO of MDRN Capital, has a solution for those looking to retire smart and save more. His firm’s completely virtual model increases retirees’ spending power by decreasing the fees associated with retirement planning.

“Our unique approach to providing retirement planning services allows our clients to experience significant savings when compared with the traditional model of investment management and retirement planning,” Cirksena shares. “When we did away with the overhead expenses that stem from operating a brick-and-mortar office, we were able to create a fee solution for our clients that is lower than the typical advisor. On average, our fees on the entire client portfolio tend to run 30 to 40 percent lower than the typical advisor operating under a conventional model. Additionally, we can provide services like estate planning, tax planning, and tax preparation at no additional cost.”

MDRN Capital is revolutionizing retirement planning by offering a comprehensive range of services, including income planning, investment management, tax planning, healthcare, and estate planning, in a setting that exceeds the efficiency and effectiveness traditional providers are able to offer. Unlike traditional firms, MDRN Capital leverages the power of digital tools to deliver comprehensive services without the need for in-person meetings, allowing clients to enjoy their retirement while their financial needs are expertly managed.

“My goal with MDRN Capital was creating a completely virtual firm that could more efficiently provide the convenience clients wanted while also meeting their ongoing investment needs,” Cirksena shares. “MDRN Capital’s virtual model empowers an environment in which we could serve our clients with less costs to the firm and pass the savings on to them.”

Financial planning for the new normal

MDRN Capital’s innovative approach to retirement advising emerged as a result of Cirksena’s experience during the COVID-19 pandemic. Due to social distancing, advising during the pandemic shifted to virtual appointments. When social distancing was no longer necessary, Cirksena expected his clients would resume their pre-pandemic patterns. He was wrong.

“My clients let me know they preferred the comfort and convenience of virtual meetings to the hassles associated with having in-office meetings,” Cirksena says. “They didn’t miss sitting in traffic and searching for parking spaces, and I couldn’t blame them. Even the clients who lived only a few minutes away decided they would rather meet via Zoom than have a face-to-face meeting in our nice Class-A office space.”

MDRN Capital was designed to meet the client expectations that emerged during Covid. By leveraging technology to take his services to his clients rather than expecting them to come to him, Cirksena made advising more convenient and more cost-effective at the same time.

Financial savings for struggling retirees

Recent studies show the high inflation the US has been experiencing has a larger than average impact on many retirees. In response, many are looking to tighten their belts by cutting back on spending, but reducing the fees associated with retirement accounts is something few consider.

“For retirees, lower gas and grocery costs are certainly helpful,” Cirksena says. “However, cutting their investment management costs in half puts dramatically more money in their pocket over time than lower prices on goods ever could.”

To understand the impact MDRN Capital’s approach can have on retirees, consider that $250,000 earning seven percent over 20 years will grow to $967,421.12. Factor in a 1 percent fee, and growth is limited to $801,783.87, but raising the fee to 2 percent causes earnings to fall to $721,034.70.

Cirksena points to his industry’s failure to embrace modern technology as one reason why investment fees remain high.

“Unlike many industries that have used and adopted technology for decades to help lower costs and make services more efficient, the financial services sector has lagged behind,” he explains. “Many firms continue to incur unnecessary overhead and expenses, which their clients pay for in the form of elevated fees.”

The virtual investment environment Cirksena has created moves retirement planning into the future. It provides a financial service experience that is convenient, comfortable, and efficient while also ensuring that none of its clients’ investment potential is wasted on unnece