Swedish regulator the Spelinspektionen has unveiled the signing of a memorandum of understanding with its Maltese counterpart, the Malta Gaming Authority.
The purpose of the agreement is to develop enhanced cooperation between the two, in light of the “authorities’ public policy objectives and mutually common values”.
In a joint media release issues by the two parties, the aim is stressed as facilitating ongoing close communications between the authorities, in addition to supporting effective sharing of information on matters of mutual interest and policy areas.
Camilla Rosenberg, the director general of the Swedish Gambling Authority, said of the MoU: “Many of the companies that have received a Swedish license 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.
Heathcliff Farrugia, the MGA’s chief executive officer, also expressed delight at the newly agreed partnership: “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.”
The agreement has come into force with immediate effect.