On Monday 4th March, the Malta Gaming Authority (MGA) and the Swedish Gambling Authority entered into a Memorandum of Understanding (MoU) with the aim of enhancing the relationship between the two authorities.
The terms of the MoU will permit the seamless sharing of information on topics of common interest and policy areas.
Of great interest to Maltese and Swedish licensed entities is the fact that the MoU builds on the provisions of Article 2 of Chapter 16 of the Swedish Gaming Act which provides an exemption to operators who would ordinarily be required to have their servers situated in Europe when they are already licensed in another country under the jurisdiction of an EEA authority.
The MoU is vital to ensure seamless supervision and open communication between the two authorities. It also provides assurance to Maltese operators who are also licensed in Sweden that they can maintain their servers in their chosen data centres without the need to relocate or incur added costs for server hosting in multiple jurisdictions.