Swedish gambling regulator the Spelinspektionen has strengthened its ties to Gibraltar, after signing a memorandum-of-understanding with the territory’s gambling division.
Following a similar agreement entered into earlier in the year alongside the Malta Gaming Authority, as part of the new deal each party stresses that they are seeking to cooperate in matters of public policy, and further forming common interests.
The Gibraltar Gambling Division is a strategic unit of Gibraltar’s Ministry of Commerce, which details guidance on governing the British overseas territory’s igaming sector.
Looking ahead Spelinspektionen and the GGD will form closer communications, and share information on matters of mutual interest with regards to policy initiatives.
Spelinspektionen director general Camilla Rosenberg promoted the importance of such agreements between international regulatory bodies: “Some of the companies that have received a Swedish license also have technical equipment and a license in Gibraltar.
“By opening the communication channels between the authorities we become stronger in our supervisory activities. This is the beginning of broad and long-term co-operation.
“Earlier this year we entered an MoU with Malta Gaming Authority, and our plan is to initiate corresponding collaborations with more gambling authorities in Europe.”
Both Spelinspektionen and the GGD have agreed to provide operational assistance to one another on a continuous basis, in accordance with both their respective procedures and regulatory policies.
Andrew Lyman, GGD executive director, added: “Gibraltar is committed to working collaboratively and effectively with first tier regulators such as the Swedish Gambling Authority who share common values in terms of consumer protection, a fair market, promoting social responsibility and reducing crime associated with gambling.”
Speaking earlier in the year, 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.”