New gambling law in Malta begins in July

[The Buzz]

Gaming companies in Malta got the news this week that a new Gaming Act will come into effect 1 July, allowing them to operate with one license across various platforms. The act was proposed in the Maltese Parliament this spring and introduced to the European Commission for an obligatory review.

From EuropeanGaming.eu:

The act was proposed in the Maltese Parliament this spring and introduced to the EC for an obligatory review. It aims to dismantle the country’s current gambling regulatory system. The existing system grants licenses in several classes, but the proposed system will only have two categories of licenses: a business-to-business (B2B) one and a business-to-consumer (B2C) one, depending on the focus of applicants’ operations.

The new Gaming Act comes as the first revision of Malta’s gambling legislation in fourteen years and was initiated by the Malta Gaming Authority’s former Executive Chairman, Joseph Cuschieri.

Aside from introducing a simplified licensing system, Malta’s new Gaming Act provides the MGA with extended regulatory powers and enforcement functions. The regulatory body will thus be able and expected to implement stricter rules and tools for countering money laundering, terrorism financing, and other illicit financial flows often associated with the gambling industry.

The new Gaming Act is expected to facilitate the process of providing gaming services from Malta by introducing a simplified licensing process and thus boost the growth of the nation’s gaming industry even further. The new law also aims to bring Malta’s regulatory regime in line with the current iGaming landscape and demand for iGaming services.

Read more here: https://europeangaming.eu/portal/com...a-from-july-1/

[realmobsidian]

It's great, isn't it?
I hope it change a fees and make a new coil in gambling sport.
Malta is one of European country witch going in right way)

[Sherlock]

The regulatory body will thus be able and expected to implement stricter rules and tools for countering money laundering, terrorism financing, and other illicit financial flows often associated with the gambling industry.

absolutely..great... for everyone who loves paperwork, KYC and so on

the only terrorist I know in gambling industry are The Two Guys from this forum, but they are mental terrorists

[Cash Bonus]

This is excellent news for our gambling industry. I’m very pleased.