The Lotteries and Gaming Authority (LGA) has changed its name to Malta Gaming Authority (MGA). This includes a complete overhaul of its corporate branding and the launch of the Authority’s new website at www.mga.org.mt. “The new name and logo will serve as a better representation of the Authority’s heritage, past successes, vision and values within the national agenda and in line with our strategic objectives”.
This was announced by the Executive Chairman of the Malta Gaming Authority, Joseph Cuschieri during the launch of the new corporate identity for the Authority which was presided by the Minister for the Economy, Investment and Small Business, Dr Chris Cardona and Parliamentary Secretary for Competitiveness and Economic Growth, Dr José Herrera.
Today, Malta is considered a Tier 1 remote gaming jurisdiction, hosting some of the world’s biggest online gaming operators and hailed as one of the top remote gaming jurisdictions in the world. Malta offers an advantageous fiscal and regulatory regimes which have attracted a huge number of operators to our shores. The jurisdiction continues to push forward to ensure long term competitiveness, by launching new ideas in the market.
Currently, the Authority is going through a consultation process on digital games of skill with prizes via distance communication, which are offered commercially. A consultation document was launched last month and feedback can be received until 4th February 2015. The industry is requested to provide feedback on a possible regulated market for this sector.
The LGA said that “although other legislation, mainly consumer legislation, addresses certain facets of the offering of these games, the authority feels that specific regulation or guidelines may be required”. The authority currently regulates games of chance with prize, and games of chance and skill with prize. Games that do not provide the possibility for the participants to win a prize are not regulated by the LGA.