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New online gambling law on effect from 1...

New online gambling law on effect from 1st July in Malta

Published on June 18, 2018

Following three months of no development sitting tight for the gesture from the Europe Commission on its new changed betting permit act the Maltese government have reported that first July will see a streamlined rendition of its permitting for online gaming businesses.

Passed as of now by the Maltese Parliament the nations regulator will now just issues two licenses, one for B2B services and B2C licence.

The past gambling act is 14 years old and the thought is to make applications for licenses less demanding and was the brainchild of Malta Gaming Authority’s previous Executive Chairman, Joseph Cuschieri.

Malta is ending up significantly more vital to the online gambling world with worries over the eventual fate of Gibraltar once the terms of Brexit have been figured it out.

Without a doubt numerous expansive online gaming administrators are now setting up workplaces in Malta, the most recent being Kindred. Online Gambling is immensely vital to Malta which sees 12% of its whole GDP originating from the business.