Why Jaser Davari says MGA Casinos are the Future?
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.
The Ultimate Guide to the Essential Social Skills in Business
Effective communication and strong relationships are essential for success in the workplace. One factor that can greatly influence these qualities is emotional intelligence, often abbreviated as EQ. EQ refers to the ability to identify, understand, and manage one’s own emotions, as well as the emotions of others. Research has shown that individuals with high levels of EQ are better equipped to handle stress, communicate effectively, and work collaboratively with others (Chamorro-Premuzic & Sanger, 2016).
Research has consistently shown that emotional intelligence (EQ) is an important predictor of job performance and success in the workplace. EQ is comprised of a set of skills that allow individuals to recognize, understand, and regulate their own emotions, as well as the emotions of others. In addition, individuals with high EQ are better able to communicate effectively, build relationships, and navigate complex social situations. As a result, they are often viewed as effective leaders and collaborators, and are more likely to achieve their personal and professional goals.
In fact, a number of studies have demonstrated the significant impact that EQ has on job performance and success. For example, one study of 85 upper-level managers found that those with higher EQ scores were rated as more effective leaders by their subordinates (Law, Wong, & Song, 2004). Another study of 151 employees found that those with higher EQ were more likely to be promoted within their organization over a five-year period (Carmeli, Brueller, & Dutton, 2009). These findings highlight the importance of EQ in the workplace and suggest that developing these skills can lead to significant benefits for both individuals and organizations.
According to a study conducted by TalentSmart, a leading provider of EQ assessments, EQ is responsible for 58% of success in all job types (Bradberry & Greaves, 2009). In contrast, IQ only accounts for about 4% of success in the workplace. This suggests that EQ is a crucial skill set for individuals in any professional field. Fortunately, EQ is a skill that can be developed and honed over time with practice and awareness.
There are several key components of EQ that are particularly important for success in the workplace. These include:
Self-Regulation: This refers to your capacity to recognize and control your emotions. Sometimes treating them when they arise may be necessary. Understanding how to manage your anger is essential. However, it can also cover how to control the feelings you’ll experience.
Self-Awareness: This implies recognizing and understanding your own feelings. Do noisy places make you nervous? Do other people talking over you make you angry? Knowing these truths about yourself shows that you are working on your self-awareness. Being conscious of yourself is necessary for this phase, which can be more complex than it sounds.
Socialization: This category focuses on your capacity to manage social interactions and direct relationships. It doesn’t entail dominating others but knowing how to work with others to achieve your goals. This could entail presenting your ideas to coworkers, leading a team, or resolving a personal disagreement.
Motivation: Strong motivators include external forces like money, status, or suffering. Internal motivation, however, plays a significant role in Goleman’s concept. By doing so, you demonstrate your ability to control your cause and initiate or continue initiatives of your own volition rather than in response to external demands.
Empathy: It’s equally critical to be sensitive to others’ feelings. This may entail learning to identify different emotional states in individuals — for example, can you tell the difference between someone at ease and someone anxious? — but it also requires comprehension of how other people may react to their current situation. Empathy is one of the essential traits in business and business leadership.
A thought leader in this space, Michael Ventura has built a career advising organizations on the importance of emotional intelligence in the workplace. In his book, Applied Empathy, Ventura highlights the value of empathy in business and provides strategies for developing and applying this skill set. With two decades of experience as a leader, facilitator, and educator, Ventura’s work has made impact in with prestigious institutions such as Princeton University and the United Nations as well as corporate clients such as Google and Nike.
Through his work, Ventura advises leaders to focus on the development of EQ in order to help individuals improve their communication, collaboration, and leadership skills, ultimately leading to greater success in the workplace. Experts like Ventura continue to support the growing body of research on the value of EQ in business, and the evidence that organizations who invest in the EQ of their teams help to create a more empathetic and successful professional environment.
And it’s worth noting that EQ isn’t just important for individual success in the workplace, but also for overall organizational success. A study by the Center for Creative Leadership found that EQ was a better predictor of success than IQ or technical skills in the workplace, and that teams with higher levels of EQ tend to be more effective and productive (Boyatzis, Goleman, & Rhee, 1999). By cultivating a culture of empathy and emotional intelligence, organizations can improve their overall performance and create a more positive work environment for their employees.
In conclusion, emotional intelligence is a crucial component of success in the workplace, and individuals and organizations alike should prioritize the development of these skills. The ones that do not only develop a leading edge in their category, but also become a meaningful place to work for their teams. And in today’s rapidly changing talent landscape, the retention of highly capable, emotionally intelligent leaders is one of the greatest keys to unlocking success.
Boyatzis, R. E., Goleman, D., & Rhee, K. S. (1999). Clustering competence in emotional intelligence: Insights from the emotional competence inventory (ECI). In R. Bar-On & J. D. A. Parker (Eds.), Handbook of emotional intelligence (pp. 343-362). Jossey-Bass.
Bradberry, T., & Greaves, J. (2009). Emotional intelligence 2.0. TalentSmart.
Chamorro-Premuzic, T., & Sanger, M. N. (2016). Does employee happiness matter? Journal of Organizational Effectiveness: People and Performance, 3(2), 168-191.
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