Bookmakers And Casino Malta Can Block Access To The Gambling Eu Market
Betting companies and online casinos working in the maltese license can block access to the gambling market of the european union. The grounds will be the relevant legislative standards adopted by several states, writes independent.
The head of the malta gaming authority, mga (malta gaming authority, mga), joseph kuchery stated that such a decision could cause an irreparable damage of the country’s gambling market. «The submitted formulation will put out the law of operators offering services under license mga in europe», – stressed kuchery.
The main reason for the consideration of such a question was the international treaty on manipulating competitions and the introduction of additions in determining the concept «illegal sports betting». Illegal are considered «any manifestations of activity in the sports and gaming industry, as well as the services of operators not related to the jurisdiction of the consumer».
Now malta defends the right to operate on the eu gambling market, proving that innovations contradict st. 56 eu function treaty (tfeu). Blocking maltese licensees of gambling operators will adversely affect the state budget, since the profit of the gembling sector is 11% of the country’s gross income.
As reported in early augusta, in mga stated that daily fantasy sport does not require licenses for gambling.