Maltese Gaming Authority signs MoU with its Danish Counterpart

The Lotteries and Gaming Authority has intensified its collaboration with a number of gaming authorities.  The last such collaboration has been with the Danish Gambling Authority (DGA), culminating in the execution of a Memorandum of Understanding (MoU) on bilateral cooperation, between the two countries. The Memorandum of Understanding was signed by Mr Reuben Portanier, CEO of the Lotteries and Gaming Authority and Ms Birgitte Sand, Director of the Danish Gambling Authority.

With Scandinavian investors representing a significant proportion of its licence holders, the execution of this MoU marks an important step for the Maltese Lotteries and Gaming Authority, and helps cement a common understanding of the respective regulatory approaches to remote gaming in both countries, in a bid to promote cooperation and provide operational assistance to each other.   The most salient features to the MoU, include inter alia, the exchange of information to facilitate the respective licensing processes, compliance standards, and the implementation of a series of measures aimed at protecting young and vulnerable individuals.  The MoU paves the way therefore to an increased cooperation, which in practice should circumvent the unnecessary duplication of requirements and controls.  The MoU further cements Malta’s stance that mutual recognition and adherence to high standards should be paramount factors, and that such matters could be secured, without the need to multiple-licences.