New gaming bill to be introduced in Malta

14 Mar 2018

New gaming bill The Maltese Parliament is currently considering a new gaming bill that will aggregate all current functions under a single primary Act of Parliament with several legislation sub-categories, intending to cover all fundamental gambling regulations as well as technical aspects of the sector.

Parliamentary Secretary for Financial Services, Hon. Silvio Schembri stressed the government’s effort to provide MGA with a clear-cut legislation framework that will enable it to refine all gaming services offered in Malta. The goal is for Malta to be the ultimate destination for iGaming companies where they can run their business profitably, in a well-structured legislatory framework.

According to the new bill there will be only 2 proposed types of licenses, a Business-to-Business (B2B) and a Business-to-Consumer (B2C) license to encompass a wide range of activities in various distribution channels. The new framework is projected to offer ample room for freedom and as a result innovation, as it is more objective-oriented than the one already in effect. However, no compromises are to be made in terms of safety and customer protection, as MGA now has extended control and monitoring to apply corrective measures where needed.

The Key Official role will now be split into various secondary roles as well, so that any licensed gaming activity can be better examined and delegated to more than a single person to ensure legislatory compliance.

MGA’s Player Support Unit is now declared as the official mediator between gaming companies and punters regarding all issues relevant to player protection, applying a common set of guidelines for both online and land-based gaming assets.

The new bill also intends to achieve more effective handling of Criminal and Administrative justice issues and automated reporting to facilitate MGA’s easier monitoring of the industry. Last but not least, B2B gaming license holders will not bear any gaming tax responsibilties at all, thus turning Malta into an attractive location for B2B companies.

About MGA

MGA is the independent regulatory body of Malta that’s responsible for devising and implementing gambling legislation practices and governance that promote a safe gaming experience for customers as well as legal operations for bookmakers. The Authority are major advocates of transparency in all gaming operations, intending to actively show to all stakeholders that Malta is a safe haven for all gaming companies. They cover the whole spectrum of gaming activities such as lotteries, casinos, remote gaming, cruise casinos, gaming devices, as well as non-profit games. Well-known bookmakers licensed with MGA include Tipico, Redbet, Expekt, Nordicbet, Betsson, and Unibet.

Join and grab exclusive bonuses, daily offers and free bets!

Lay hands on exclusive daily bonuses for members only. These promos are limited and are not advertised on the website.

Yes, I have read the Terms & Conditions and I consent to receiving emails from Bookmakers.bet regarding betting promotions, betting guides and news.

BOOK SPY

After a week off due to national team fixtures the English Premier League returns to action, and what a better way to do start matchday 9 than with th...

Read more »

Gambling can be traced in Germany all the way back to Roman times when soldiers were playing several forms of dice games. At some point after the intr...

Read more »

The UK Gambling Commission fined online betting operator Betway £408,915 for marketing on the kids’ section of the West Ham United Football Club...

Read more »

The 2021 report from the Malta Gaming Authority (MGA) has been released. The MGA generally took less regulatory actions, such as issuing fewer warning...

Read more »

The 2022 European Cricket Championships, held in Malaga, Spain, now have Stake.com as an official partner. The T10 competition, in which 21 national t...

Read more »

Just one week after an impressive 49-goal matchday 1, UEFA Champions League action is back. Among all the exciting events, the one that stands out the...

Read more »

LeoVegas Group, the renowned igaming operator, disclosed on Thursday that English Premier League giants Manchester City is the subject of a new partne...

Read more »

The moment football fans worldwide have been waiting for has finally come. The 2022-23 UEFA Champions League season is officially underway with 8 matc...

Read more »

After expanding into Colorado, their second active US state so far, Bet365‘s presence in the North American market has grown. Bettors in the Cen...

Read more »

The 2022 summer transfer window ends on the night of September 1st. As the deadline day is rapidly coming close, top European clubs are looking to sea...

Read more »

LATEST BOOKMAKER PROMOTIONS