The Malta Gaming Authority has officially announced the upcoming changes in the gambling legislation of Malta.
Amendments will give the Malta Gaming Authority a possibility to decrease the number of regulatory restrictions when taking decisions, thus improving the flexibility of the process.
Legislative provisions that do not bring the desired result will be eliminated. At the same time, regulatory norms, aimed at high-risk areas, will be introduced. For example, more attention will be paid to consumer rights protection and development of innovative trends.
Key goals of modifications:
introduce business-to-business (B2B) and business-to-consumer (B2C) licenses instead of the current multi-license system;
optimize tax payments for two bespoke layers, streamlining them into one flow;
exempt B2B licensees from tax to enhance the competitive ability of the republic in the gambling market;
increase efficiency of administrative and criminal justice through the introduction of more elaborated legislative provisions.
strengthen the system of consumer rights protection.