Malta Gaming Authority Clears its Name in Operation Galaxy Scandal

Date: 2024-02-06 Author: Dima Zakharov Categories: EVENTS
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In the aftermath of Italy's "Operation Galaxy," where €400 million ($433 million) in assets related to organized crime were seized, the Malta Gaming Authority (MGA) has taken a strong stance to disassociate itself from any involvement with the criminal mastermind behind an illegal gambling ring. The MGA's swift response comes as it continues to cooperate with authorities and closely monitor the ongoing case.

The Crime Boss's Malta Connection:

Operation Galaxy, an ongoing investigation into the intersection of organized crime and gambling, has unveiled a criminal scheme linked to online gaming services operating through Malta-registered companies. Antonio Ricci, an Italian in his late 40s, was revealed as the key figure behind the illegal gambling ring, holding a prominent management position at a licensed iGaming company.

Ricci, who had previously remained unnamed, was arrested by Maltese police in April 2019 on money laundering charges for the mafia. He had been residing in Malta since at least 2010 but was eventually deported to Italy, where he is currently restricted to his town of residence.

Italian authorities recently seized approximately €400 million in assets connected to three interrelated iGaming companies with ties to Ricci. Initial reports suggested that Ricci was directly involved in at least one of these businesses, using it as a front to launder substantial sums acquired from illegal gambling activities across Europe.

MGA's Clear Stance:

In response to the implications of Operation Galaxy and its widespread coverage in Italian and international media, the MGA was quick to clarify that Antonio Ricci had no association with any iGaming company licensed by the MGA. The regulator emphasized its ongoing cooperation with local and international authorities and its commitment to closely monitoring any further developments.

The MGA's prompt response underscores its dedication to upholding the integrity of its licensed operators and distancing itself from any connections with criminal elements. As the investigation unfolds, regulatory bodies like the MGA play a crucial role in safeguarding the credibility of the gambling industry and ensuring a secure environment for both operators and players.
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