Sweden And Malta Gambling Authorities Cooperating

Published Thursday, March 07, 2019 - Online-Casinos.com
Sweden And Malta Gambling Authorities Cooperating
The online gambling industry is a global enterprise with every aspect of the regulated industry connected in some way. The introduction of new jurisdictions accepting regulated online gambling in the USA has European operators moving across the pond to get involved. More changes have come in the Nordic region with long time monopolies being liberated creating new opportunities for international suppliers of betting products and services. In Sweden the introduction of a new regulatory framework will include more than 60 licenses for the offshore online operators. The inclusion of international operators benefits operators and the coffers of the Swedish government from licensing and taxation. Operators experience a secure regulated market free of fines and blocking efforts while gaining a larger share of the betting pie. In the massive gambling market in the USA is being tapped by international betting operators that are willing to risk the possibility of law changes prevalent in some of the states. The regulatory bodies are cooperating in ways that gives the operators and the player greater security and fairness. The Swedish Gambling Authority (Spelinspektionen) and the Malta Gaming Authority, have entered into a Memorandum of Understanding to further cooperation between the two regulatory bodies. The Swedish Gambling Authority’s Director General Camilla Rosenberg, said, “Many of the companies that have received a Swedish license also have technical equipment and a license in Malta.” Rosenberg continued, “By opening the communication channels between the authorities, we become stronger in our supervisory activities. This is the beginning of a broad and long-term cooperation, and our plan is to initiate corresponding collaborations with more gambling authorities in Europe,” Chief Executive Officer of the Malta Gaming Authority, Heathcliff Farrugia said, “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.”

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