New laws related to a new
licensing regime for on-line gaming including on-line casinos,
casino-style games, sports betting, betting exchanges and lotteries, are
currently being discussed.
The main impetus behind
these new regulations is to
provide strong and serious but not unnecessarily bureaucratic system
within which to operate, hence ensuring vigorous protection for users of
on-line gaming and dovetailing with Malta’s long-established and reputable
financial services sector.
A complete revision and
consolidation of gaming legislation and a new all-encompassing gaming law
was enacted by the Maltese parliament in virtue of which the Malta
Lotteries and Gaming Authority has been set up in 2001.
The new online gaming
legislation is intended to further enhance the initiative of the local
authorities in establishing a strong legislative and institutional
infrastructure in the development of Malta's attractiveness as a strong
gaming licence provider.
The licensing legislative
framework is expected to be completed by the end of December 2002 and
licences to start being issued early in 2003.
Malta's New Licensing Regime
for Remote/Online Gaming
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