The thick gambling law books in Malta might be reduced to a few pages should the Maltese Parliament succeeds in streamlining all existing legislation into a single act.
On Wednesday, Malta Independent reported that a new gambling bill has been forwarded to the Parliament seeking to repeal the current rules in order to ensure that the gambling industry will be run responsibly.
Parliamentary Secretary for Financial Services, Digital Economy and Innovation Silvio Schembri pointed out that the bill, which is now on its first reading, will make regulations more efficient and, at the same time, provide protection to consumers.
“The government wants to ensure that the gaming industry continues to be run responsibly, fairly and free from criminal activity, so that the Maltese jurisdiction provides a safe and well regulated environment where the industry can also develop and innovate,” Schembri said, according to the news outlet.