Malta's Lottery and Gaming Authority has introduced a series of proposals to overhaul the country's gaming regulations, which it hopes will keep it up to date with the current laws in Europe.
The proposals were crafted by the LGA in an attempt to go forth with a four year plan which will see it expand its regulatory structure for operations, and includes the following potential moves:
Expanding problem gambling and responsible gaming research and services for those who reside in the EU
Creating a new gaming bureau with the goal of promoting Malta as a business center for European i-Gaming
Creating a Gaming Academy, which will build an infrastructure for i-Gaming knowledge and research on the island, making it a hub for businesses to establish and grow their betting businesses
Malta is a small island in the Mediterranean Sea, which is one of several large gaming jurisdictions in Europe. The country has licensed numerous gaming firms, but has recently come under fire for doing too little to crack down on operators who have gone under and stiffed players. Other issues for the island include a growing number of regions that are implementing their own i-Gaming laws, which are seeing operators shying away from Malta as it is often easier to remain in their home countries.
It is unknown what time frame the proposals will have for implementation, but Casino Listings will keep on this story and update it as more developments arise.