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The Malta Gaming Authority Is Getting More Power

As the industry for casinos online and land-based casinos evolves, the country to Malta is seeking to advance its regulations as well. The Maltese Parliament has approved the presentation of the updated Gaming Act, which is likely to go into effect as early as July 1st for online casinos. Government officials hope that new regulations will protect the player and make Malta an attractive location on par with the region under the control of the UK Gambling Commission.

Like any other legislation related to gambling, the updated Gaming Act is being met with both praise and criticism from the industry. While some believe that the regulations will make a better landscape for casinos online and on land, the critics stress that it’s just another example of government overreach in an industry full of potential. Specifically, the Malta Gaming Authority will have the power to intervene in gambling-related matter when necessary. The agency can also strengthen its oversight to enforce compliance and make sure regulations are followed. A key official will be appointed to personally handle the matter of compliance and oversight.

Online casinos can expect further legislation to come along as well. New rules and guidelines will most likely piggyback the update Gaming Act as it passes through the necessary avenues of the Maltese government. Much like the original legislation, any supplementary regulations are subjected to the Technical Regulation Information System process. The Malta Gaming Authority states that it has made contact with online casinos and land-based casino to make sure that the transition to new laws will be smooth. It is expected that the agency will release a list of guidelines so that operators can be informed of changes before they actually go into effect.

The Malta Gaming Authority came about to address the needs of both players and the betting establishments that serve them. This agency was created as the single regulatory body of Malta in regards to gambling, allowing for strict player protection mixed with an attractive environment for online casino operators and land-based casinos. Through the Malta Gaming Authority, casinos online are able to become licensed and serve players on a global scale. The regulatory agency is known as one of the best in the world, mixing new technology with practical solutions that help both sides of the industry. Online casinos that operate through the Malta Gaming Authority have world-class resources at their disposal and bring the best options to players.