The Malta Gaming Authority (MGA) has announced its new regulatory focus, highlighting the enhancement of its supervisory methods as part of its policy for the upcoming year.
In fact, as part of its latest regulatory approach, the MGA has specifically emphasized three areas, including risk-based resource allocation, enhanced collaboration, and proactive risk management. Overall, the agency states that these new measures are part of a broader strategic shift towards a more evidence-based and results-oriented model.
According to the MGA, the regulatory body believes this new approach will enable it to more effectively identify and address risk areas in the market, and allow for better allocation of corporate resources. More specifically, these new measures aim to address areas of sports betting integrity and responsible gaming.
This update also introduced the new MGA regulatory toolkit, which outlines the current methods adopted by the regulatory body in its supervisory work, including comprehensive and targeted inspections, regulatory meetings and reviews, and mystery shopping techniques.
Worth noting: Last summer, the authority introduced a new ESG hub for licensees, focusing more on responsible practices
Subsequently, in November, the MGA awarded the first ESG guideline approval seal to online gaming license holders, recognizing operators for their efforts to enhance their business practices.
Additionally, the agency issued warnings to unauthorized gambling websites within its jurisdiction in the third quarter of last year. Shortly thereafter, the MGA released its mid-term performance report for the first half of 2024, emphasizing increased player protection efforts, during which it conducted 611 integrity screenings and issued 8 new licenses.
