MGA responds to Bill 55 criticism
The MGA has recently published a post talking about the previously passed controversial bill.
The law in question, Bill 55, was passed in the second half of June, giving local gambling operators certain protections against liabilities in foreign markets. The law requires Maltese judges to not acknowledge and enforce rulings against local MGA-licensed gambling operators that offer their services in various jurisdictions outside of the country. This also includes all European markets, which has led to a lot of criticism.
In its latest post, the regulatory authority aimed to clarify the main purpose of the law and provide a higher degree of transparency around it. The MGA stated that the bill has not introduced any new causes for local courts to turn down foreign rulings and that it is an interpretation of those already present in EU gambling regulations.
The MGA added that the bill is restrictive in nature and does not completely outlaw all rulings against Maltese gambling firms, only those that aim to challenge actions that are considered to be lawful under the gambling regulatory framework of the country. The authority also stated that the country’s gambling regulations are in line with EU laws, making the controversial bill compliant across the region.