The Prime Minister of Malta has inaugurated the Malta Gaming Authority's (MGA) new offices at SmartCity Malta, as the regulator prepares for new gaming legislation which is to be submitted to Parliament later this year.
The new premises spanning over 2,562 square metres will house all of the MGA’s 150 employees and incorporates various facilities for in-house press events, networking , seminars and staff training.
In his opening address, MGA executive chairman Joseph Cuschieri highlighted the milestones that have contributed to the success of the gaming authority since its inception in 2004, including being the first EU Member State to enact comprehensive legislation on remote gaming.
Cuschieri said that the most important project of the MGA this year is the introduction of a new Gaming Act which is expected to be presented to Parliament before the summer recess.
“The new legislation will be a game changer for Malta and will future proof Malta’s status as a jurisdiction of excellence,” said Cuschieri.
The new law will introduce changes to consumer protection measures while simplifying the licensing structure from the current model to a Business to Business (B2B) and Business to Consumer (B2C) framework. This will eliminate duplication of checks and speed up time to market for operators, the regulator said.
Speaking at the inauguration, Parliamentary Secretary for Competitiveness and Economic Growth, Jose’ Herrera, praised the MGA for another milestone in its success story.
“The new offices are equipped with the latest technology so that the Authority will be able to continue to deliver positive results as reflected in the interim performance report published just a few weeks ago,” he said. “The gaming industry contributes substantially to Malta’s GDP and it is in our interest to sustain this sector.”
In his closing address, the Hon. Prime Minister, Dr Joseph Muscat, praised the MGA for having put in place a strategy that emphasises innovation and diversity in order to continue attracting investors to Malta.
He concluded by applauding the role of a “transparent and business friendly authority which is continually reviewing its processes in order to be better equipped to deal with the ever-changing environment that surrounds this dynamic sector.”