Updating industry stakeholders, the Malta Gaming Authority (MGA) has published a white paper proposing a number of reforms to its national Gaming Legal Framework.
The MGA wants to overhaul and repeal all its existing legislation, by streamlining provisions under a ‘singular primary Act of Parliament’ entitled the Gaming Act.
Moving forward the MGA would act as ‘the single regulator’ for the gaming/betting sector covering subsidiary legislation, business regulation, industry guidelines and directives.
Issuing a corporate statement, MGA governance detailed “The proposed regulatory framework empowers the MGA to be agiler in its decision-making, and decreasing unnecessary regulatory burdens which are not conducive to the regulatory objectives, whilst concurrently strengthening supervision and focusing the regulator’s efforts on the areas which present a higher risk profile.”
The MGA believes that by streamlining its national gaming framework, the body will continue to be the ’best-in-class’ regulator for industry operators. Presenting its white paper the MGA has put forward the following proposal for ‘changing its framework’:
The MGA has opened a feedback forum for contributions/concerns from interested parties may be sent by email at [email protected]