Maltese Parliament approves the New Gaming Act

The Maltese Parliament has during the month of May 2018 approved the third and final reading of the new Gaming Act, which shall elevate the jurisdictional profile of Malta from a regulatory perspective by strengthening the Malta Gaming Authority’s (MGA) supervisory role, specifically the compliance and enforcement functions to better achieve the regulatory objectives, in […]

Written By ACT Team

On June 4, 2018
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The Maltese Parliament has during the month of May 2018 approved the third and final reading of the new Gaming Act, which shall elevate the jurisdictional profile of Malta from a regulatory perspective by strengthening the Malta Gaming Authority’s (MGA) supervisory role, specifically the compliance and enforcement functions to better achieve the regulatory objectives, in line with concurrent developments relating to anti-money laundering and combating the funding of terrorism.

This new framework shall also broaden the regulatory scope to increase the MGA’s oversight and to allow, in a proportionate manner, intervention where necessary. The new Act will also segment the role of a Key Official within a licensed entity into various key functions for direct scrutiny and targeted supervision controls, and shall strengthen the player protection framework by formalising the role of the MGA’s Player Support Unit as a mediator between aggrieved players and operators. The new Act also envisages new and more effective processes for criminal and administrative justice.

Other important areas of focus include consumer protection standards, responsible gaming measures, reporting of suspicious sports betting transactions in the fight against the manipulation of sports competitions and objective-orientated standards to encourage innovation and development.

How can we help?  

For further information, please contact one of the firm’s tax partners, Stephen Balzan on [email protected] or Elaine Camilleri [email protected]. ACT can help you understand the changes to the tax rules and how these can impact your business.  

Apart from its offices in St. Julian’s Malta, ACT operates from a second office in Gozo, which is situated in the capital city of Victoria.  For an appointment in our Gozo office, please call on 00356 21378672 or send us an email on [email protected].