Swedish gambling authority Spelinspektionen has entered into a Memorandum of Understanding (MoU) with the Malta Gaming Authority (MGA), with the stated aim of enhancing cooperation between the two regulators. The cooperation agreement was sealed earlier this week.
The MoU will allow for the two regulators to work together to provide a framework on key policy areas and the sharing of important information for the best possible operational assistance in the industry.
Camilla Rosenberg, Spelinspektionen Director General, said of the MoU: “Many of the companies that have received a Swedish licence also have technical equipment and a license in Malta. By opening the communication channels between the authorities, we become stronger in our supervisory activities.
“This is the beginning of a broad and long-term cooperation, and our plan is to initiate corresponding collaborations with more gambling authorities in Europe.”
Under the terms of the deal, both authorities have agreed to provide the best possible operational assistance to one another, on a continuous basis, in accordance with both their respective procedures and regulatory policies.
MGA CEO Heathcliff Farrugia added: “The MGA is always actively seeking to foster relationships with fellow authorities, and other international regulatory bodies as we firmly believe that such relationships are key to reaching our objectives, especially in the area of remote gaming which is fundamentally crossborder in nature.
“This MoU, signed with the Swedish Gambling Authority, is an important step towards achieving both our respective regulatory goals in vital areas of mutual interest, especially since the MGA and the Swedish Gambling Authority share a significant number of operators licensed by both regulators. We are eager to start this mutually beneficial journey with our Swedish counterpart.”