Malta’s Lotteries and Gaming Authority (LGA) has signed a Letter of Intent with The Netherlands Gaming Authority on November 12, 2014.
Through this LOI, the parties have demonstrated their willingness to enter into a memorandum of understanding once the Gaming and Betting Act in The Netherlands is approved. The MOU will provide a framework for co-operation between the two regulatory jurisdictions, aligning their processes and fostering stronger relations. This union will ensure better regulation and organisation of the gambling industry, in particular the remote gambling industry.
“This Letter of Intent gives a clear signal that the two jurisdictions recognise the mutual principles in the regulation of remote gambling and will help both jurisdictions ensure utmost consumer protection and a just, responsible and safe provision of gambling services applied through strong and inclusive systems and monitoring,” said Joseph Cuschieri, Executive Chairman of the LGA.
The Chief Executive Officer of The Netherlands Gaming Authority, Marja Appelman, commented: “This is an important step towards the development and sharing of common regulatory best practice, which should benefit consumers and operators in both jurisdictions.”