Malta Gaming Authority proposes major gambling reforms – GamingTodaySlotsToday

July 17, 2017 9:54 AM
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The island nation of Malta, already the gaming-friendly home base to numerous worldwide gambling companies may soon improve on that status.

That’s because the Malta Gaming Authority (MGA) has proposed major reforms to the legal framework surrounding the island country’s gambling industry, with the goal of decreasing unnecessary regulatory burdens.

Leadership at the MGA say its licensing process is too complex is counterintuitive to properly regulating gambling operators.

Malta, situated in the Mediterranean Sea south of Sicily, serves as a popular remote-gaming licensing jurisdiction because of the country’s low tax rate and inclusion in the European Union (EU). A gaming license in Malta allows online casino companies to operate across the 28-member EU.

The MGA, in a recently issued report, suggests that the country should replace its existing laws in favor of a new regulatory framework that would simplify licensing.

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