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moreThe Malta Gaming Authority (MGA) has published a White Paper proposing major reforms to Malta’s Gaming Legal Framework.
The purpose of this change is to move towards a streamlined approach in terms of licence activities, which in turn will assist operators and software providers achieve Regulatory goals in a more efficient timeframe.
Furthermore, the proposed reform proposes the enhancement of best-in-class consumer protection standards, responsible gaming measures, a risk-based approach towards regulation.
A few key Highlights Include:
- A Business to Consumer (B2C) and Business to Business (B2B) licence to replace the current framework of multiple licences for different game products.
- Adopting a flexible approach rather than prescriptive approach to allow room for innovation.
- Strengthening and segmenting the responsibilities of the Key Official into various key functions within a licensed activity.
- Enhancing player protection.
- Introducing an automated reporting system, facilitating adherence to regulatory obligations and strengthening the Authority’s oversight.
You may access the link to the consultation paper below:
The closing date for feedback on the aforementioned consultation is Wednesday, 23rd August, 2017.
Should you have any queries in terms of the consultation paper you may directly contact the MGA on [email protected] or contact Andrea Grungo on: [email protected]