Gaming laws to be consolidated into single legislation

The Malta Gaming Authority published a White Paper proposing major reforms to the Malta's Gaming legal framework.

The new Gaming Act is expected to include:

• Taxation to be streamlined into one flow;
• The introduction of an automated reporting system;
• The introduction of the concept of administration to protect a business in distress;
• Strengthening of the player protection framework;
• The streamlining of the licensing structure under two main categories, namely B2B and B2C;
• Exempting B2B licensees from gaming tax;
• MGA’s powers to be widened under the compliance and enforcement functions;
• KO role to be segmented into various key functions within a licensed activity.

A copy of the White Paper can be downloaded here.