Last Updated on Tuesday, 13 August, 2019 at 11:03 am by Christian Keszthelyi
The Malta Gaming Authority (MGA) and the Swedish Gambling Authority (Spelinspektionen) signed a Memorandum of Understanding (MoU) for “enhanced cooperation between the two authorities in furtherance of the authorities’ public policy objectives and mutually common values,” according to a press statement sent to Business Malta. The MoU is valid as of 4 March.
The MoU aims to facilitate ongoing communications between the two bodies, as well as to support the effective sharing of information. The two watchdogs also agreed to provide operational assistance to each other continuously, related to their respective procedures and regulatory policies.
“Many of the companies that have received a Swedish license also have technical equipment and a license in Malta. By opening the communication channels between the authorities, we become stronger in our supervisory activities. This is the beginning of broad and long-term cooperation, and our plan is to initiate corresponding collaborations with more gambling authorities in Europe,” says Camilla Rosenberg, Director General of the Swedish Gambling Authority.
“The MGA is always actively seeking to foster relationships with fellow authorities and other international regulatory bodies as we firmly believe that such relationships are key to reaching our objectives, especially in the area of remote gaming which is fundamentally cross-border in nature,” says Heathcliff Farrugia, Chief Executive Officer of MGA.
“This MoU, signed with the Swedish Gambling Authority, is an important step towards achieving both our respective regulatory goals in vital areas of mutual interest, especially since the MGA and the Swedish Gambling Authority share a significant number of operators licensed by both regulators. We are eager to start this mutually beneficial journey with our Swedish counterpart,” the MGA chief adds.