The Malta Gaming Authority (the “MGA”) has recently published a White Paper (the “White Paper”) proposing major amendments to the current legal framework. The intended reforms will eventually repeal the existing legislation and pave the way forward for a new Gaming Act.
The key highlights of the proposed changes include:
Equal Marketing Possibilities: Whereas the status quo differentiates between advertising of land-based and remote operations, the new framework eradicates such difference, thereby putting all gaming advertisements on an equal level playing field;
The proposed framework seeks to eliminate excessive regulatory approach in order to allow for innovation, whilst at the same time increasing certain powers of the regulator such as that of oversight, thereby making sure that authorised persons are in observance of the rules.
Simultaneously with the publication of this White Paper, the MGA has launched a public consultation until the 4th September 2017. Following the expiration of this time-period, the draft law and relevant regulations will be finalised and presented to the Maltese Government which will then initiate the Parliamentary Process.
Please feel free to contact us should you require more information about the proposed amendments in the Maltese Gaming Sector.