Legal Notice L.N 131 of 2016 was published by the Government on the 10th April 2016 which introduces changes to the Remote Gaming Regulations. The following regulations have been made and can be summarised as follows:
- A clarification has been introduced whereby a change in beneficial owners, rather than simply a change in direct shareholding, in a licenced entity, is subject to the notification and approval to the Malta Gaming Authority (MGA). This practice has been adopted for some years already and is now being codified into regulation.
- The new regulations also introduce requirements for licensees offering RNG games who shall ensure that the Return to Player (RTP) on these games is no less than 92%. The licensee shall take into consideration transactions occurring from the 1st of January 2015 onwards when calculating the average RTP. The MGA may introduce directives on the manner in which licencees will report, certify or comply with this regulation.
- A new regulation has been introduced ensuring better transparency and disclosure by licencees on commissions and fees charged by them to players.
The MGA will have the right to require a licensee to connect its systems to a monitoring system and to maintain the connection at all times. It is expected that data to be shared with the MGA will include player data, financial data, player liability reports and gaming transaction report. Through these reports the MGA will be capable to verifying, on an ongoing and real time basis, that the information communicated to it on periodical reports is accurate and correct.
