Malta to Introduce New Gaming Laws from July 1, 2018

Malta Gaming AuthorityMalta to Introduce New Gaming Laws from July 1, 2018

Malta is making changes in its existing game legislation and looking forward to implementing strict regulations and protection of players under the new gaming act.

On May 9, 2018, the Parliament of Malta ratified this new gaming act after a prolonged two months of reading the bill by Hon. Silvio Schembri who is the Parliament Secretary for Financial Services, Digital Economy and Innovation.

The new gaming act has also passed the public consultation in 2017 and received all sorts of support and cooperation from the gaming industry. Malta Gaming Authority has provided the license to some land-based as well as online casino operators.

It is interesting to note that 10% of world’s casino gaming operators are from Malta. So the government of Malta wants to overhaul the game legislation and put in some strict laws.

The new gaming law would look into providing gaming license to the casino operators and make sure that the casinos can give sound, legitimate and consumer protective product to the players across the globe. It is likely that the new gaming law would come into effect from July 1, 2018.

Increase in Protection of Casino Players

The primary objective of the new Malta gaming bill is to look into the protection of the players and whether gaming operators can protect the minor and vulnerable players. The new regulation would compel the casino operators to promote responsible gambling amongst the players.

One of the essential features of the new Malta Gaming Bill 2018 is an in-depth investigation of Key Officials that licensed casino operators are putting in corporate roles. The Malta Gaming Authority or MGA would be investigating the key officials to find out whether they are skilled and experienced enough to handle the specific tasks and assignments.

The main reason for revamping the existing gaming rules in Malta was due to past controversies related to land-based and online casino operators in 2017. Some key company officials were found guilty of some fraudulent or criminal activities.

The Malta Gaming Authority would constitute a dedicated Player Support Unit for helping players having administrative and legal concerns about casino operators in Malta. This unit would act as a mediator between the player and the operator which in turn would safeguard the playing interests of the individuals.

Stringent Laws for Advertisements and Promotions

The new gaming laws of Malta would put into place strict regulation and restrictions on advertisements, promotions, special bonus programs and other things that can mislead innocent players and encourage the problematic behaviour.

There is going to be a total prohibition on publishing false hopes of winning the casino games and promoting gambling as a source of future investment to increase bankroll. It also prohibits using celebrities for influencing people that gambling helped them attain success. The new gaming laws will also target those casino operators who are using social media platforms like Twitter and Facebook to allure the young people to join gambling.

The bill at the moment is undergoing EU directive process called Technical Regulation Information System or TRIS. In this process, the European Union Commission, as well as the member states, are going to share their valuable feedback on the new gaming bill in Malta.

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