Malta’s gaming regulator, the Malta Gaming Authority (MGA), has joined forces with Sweden’s Spelinspektionen, that country’s gaming regulator. The goal is to jointly work at creating the framework that will enhance both countries’ “public policy objectives and mutually common values.”
Both regulators have signed a Memorandum of Understanding (MoU) to cooperate more and to improve communication between the entities. Part of this will involve the sharing of information on gaming-related matters, which is designed to improve gaming oversight.
Sweden opened up its gambling market as of the first day of this year. It now allows international operators to solicit gaming licenses and what has been found is that the majority of those operators are already licensed to operate in Malta through the MGA.
Malta has also recently updated its own gaming regulations, simplifying the licensing process and getting rid of the country’s multi-license system in favor of two licenses – one for business-to-consumer gaming and betting and the other for business-to-business services.