The Malta Gaming Authority has proclaimed that its chief of executives, Heathcliff Farrugia, is to renounce his post. He was appointed to that role in April 2018. Initially, he joined the Malta Gaming Authority in 2014 as its chief of operations.
In 2016, Farrugia got him into the post of chief regulatory officer. Prior to that, he took the chair of CEO replacing the former one Joseph Cuschieri. In a conversation with a virtual gaming magazine, Ferrugia informed that he has already made it clear to the board of governor that he would not continue his contract with regulators and instead, he would be looking for more versatile and exciting career opportunities.
His existing contract with the regulator had been about to expire. The contract had been placed, after his leaving decision, on a gardening leave, which doesn’t include any type of administrative duty.
Before joining the Gaming Authority of Malta, Ferrugia had served in a different range of managerial and other roles at the Malta Vodaphone’s division of telco Vodaphone. He also spent some of his spells as a consumer value and experience management manager in Italy for Vodaphone Italy.
Ferrugia, throughout all his life, was a highly active, diligent, and workaholic person. He also had been a member of the regulatory board as the European Forum’s Gaming Regulators. Confirmation of the information about Ferrugia’s leaving comes after the announcement of the MGA on details of the latest requirement for sportsbooks operators that are Malta-licensed. According to this new requirement, sportsbook operators have to submit any type of confusing and suspicious patterns to the regulators starting from this January.
Though this announcement came only before the chief of executive’s renouncement declaration, there might not be any type of connection between these two successive announcements.
Regarding this, the regulator is about to run this SBRM, or Suspicious Betting Reporting Mechanism, into all types of B2C licensed operators from this month.