Malta’s gambling regulator is seeking industry feedback on its plans to dramatically overhaul the country’s Gaming Legal Framework.

This week, the Malta Gaming Authority (MGA) published a White Paper intended to ‘Future Proof’ the nation’s gambling industry. The primary goal is to replace Malta’s current gambling legislation with a new Gaming Act that will (hopefully) reduce “unnecessary regulatory burdens” while allowing the MGA to strengthen supervision “on the areas which present a higher risk profile.”

Among the White Paper’s proposed changes are replacing the current multi-tiered license system with a system encompassing just two types of licenses: business-to-consumer (B2C) and business-to-business (B2B). License duration would be doubled to 10 years from the current five.

The MGA is proposing to streamline taxation into “one flow with two main layers,” while B2B licensees would be exempted from gaming tax in a bid to boost Malta’s appeal as the hub for online gambling service providers.