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This week gaming regulators from Sweden and Malta announced that they've reached an agreement to work together to enhance their "public policy objectives and mutually common values."
The move comes as Sweden recently liberalized their market and are looking to enforce their betting laws. The two groups have signed a Memorandum of Understanding to help facilitate the mutual goals of both regulators, contributing knowledge on enforcing betting laws and sharing information where applicable.
Speaking about the collaboration Malta Gaming Authority CEO 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. 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 MoU came into effect on March 4th and is good moving forward.