MGA manifests itself to the threat of Brexit
From Brexit has long been talking, but keeping the view that is always harder. If Great Britain from the European Union exit, but it also has its consequences for the gambling industry. With a no-deal-brexit, there is no clarifying agreement, but now or so it is already saying about the further way of gambling companies in the United Kingdom. The Malta Gaming Authority has now come to Brexit.
Company from Great Britain lose your license
The Malta Gaming Authority awards its licenses to gambling companies based within the European Union. If Great Britain leaves these, the licenses will be invalid. This concerns certainly many companies, because the gambling business is also booming in the UK.
The Malta Gaming Authority now proposes to share the licenses of subsidiaries or related companies within the EU. So the gambling remains legal and can be regulated.
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License change twelve months possible
The Maltese authority is now already dealing with the concrete implementation of the license change for companies outside the EU. The MGA wants to grant the companies from the UK in this course a deadline for twelve months. Accordingly, the corporations then have a time to transfer their licenses to subsidiaries registered in the EU.
These regulations apply solely for Malta. Accordingly, MGA speakers recommend to the company in the United Kingdom, the best earlier than later on solution possibilities. But who is licensed by the Malta Gaming Authority, who can continue to bring his offers to the man after successful transmission as usual. This includes all usual certificates and payment methods, so that does not change much for the corporations. A well good solution.
Gambling also possible in the UK
The exact Brexit regulations remain a puzzle in many ways. Basically, Great Britain is lost in the exit from the EU but the freedom of manufacture in this case is lost, which is why large gambling companies should strive quickly for alternative solutions. Since the Malta Gaming Authority is now already active and it seems to support Great Britain, the continuation of gambling within the EU is probably nothing in the way.
This also shows what a meaning of Great Britain has in the world of gambling. Many important and great names have their main office there, the MGA also has to cooperate with the companies as much interest. Fortunately, thanks to the override of the licenses, it does not change anything, so that as usual can be played in most online casino, it should soon come to Brexit.
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Joel Moore
I have over 12 years of journalism experience - including reviews of the best casinos. For the past few years. I've been interested in human psychology and behavioral factors. This knowledge now helps to better understand casino players.