Published: 11 May 2018 by Richard Bradley
“The new Gaming Act will enhance the Malta Gaming Authority’s (MGA) role in respect of its compliance and enforcement functions, improving oversight and enabling intervention where necessary.
The MGA’s public statement explains that other areas of focus include consumer protection standards, responsible gaming measures and the reporting of suspicious transactions.
The new Act is to replace the existing system with two types of licence being introduced: business to business (B2B) and business to consumer (B2C).
Before implementation the new Act the EU Commission and Member States may issue their opinions but in the absence of any emerging issues, the Act will come in to force on the 1st July 2018 for remote operators and on the 1st January 2019 for land-based operators.
The MGA is liaising with current licensees to facilitate the transition to the new legislative framework and further guidance is to be provided on the application and interpretation of legislation and policy”
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