As penned in our previous news update, the Gaming Act’s new legislative framework (coming into force on the 1st of July 2018) includes various clarifications regarding the Malta Gaming Authority (MGA)’s strengthened supervisory role. Such improvements include the following:
- Games and providers which are licensed by a competent authority outside the EU/EEA but are visible on the same website as MGA-licensed operations, shall not be permissible in view of regulatory risks that may arise. Synonymously, wallet setups with non-EU/EEA licensed games offered on the same/different domain or sub-domain name, shall follow suit. Ultimately, games supplied by holders of a critical gaming supply license issued by the MGA or an equivalent authority within EU/EEA are the only operations allowed as part of the MGA-licensed gaming service, subject to no prejudice other MGA requirements.
- The MGA must be notified when the website of the MGA-licensed operation is used in connection with a foreign license – such a setup shall only be allowed where the MGA deems fit, having had regard to the regulatory objective.
In light of the above, the MGA shall prohibit MGA licensees from introducing new games not licensed in EU/EEA jurisdictions on websites connected with MGA-licensed gaming services. Adjustments may be made by the licensees until the 31st of December 2018.
We can help you with any queries you may have. Contact Oliver Zammit | Partner | Tax and International Client Services for more information.
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