The Malta Gaming Authority (MGA) announced Friday that it received a delegation from the Malawi Gaming Board and the National Lotteries Board between June 20-23. The visit was requested by the Malawian regulatory authorities “to learn and replicate best practices in the regulation of the online gaming sector.”
The MGA hosts delegation from the Malawi Gaming Board and the National Lotteries Board. Read more: https://t.co/gImPuFA6OP pic.twitter.com/bxi7r9kaAm
— MaltaGamingAuthority (@MaltaGamingAuth) June 24, 2022
Following a tour of the MGA offices, and a discussion revolving around the structure of the Authority, the MGA organized a number of presentations over two days, including an overview of the licensing and compliance processes, criminal probity assessments, Anti-Money Laundering supervision processes, and the utilization of risk-based approach to regulation. The visit came to a close with a tour of land-based establishments, providing further insights into the sector.
Kinga Warda, Chief Officer for Policy & International Affairs at the MGA, said: “We welcome opportunities to share our knowledge and expertise with regulators who are reviewing or coming up with their regulatory frameworks.”
“These visits are the ideal platform for knowledge-sharing, mutual collaboration, and discussions,” Warda added. “We have a unique opportunity to shape the gaming regulation worldwide and share our know-how.”
The Malawi Gaming Board was established under the terms of the 1996 Gaming Act No.26 with the aim to regulate gaming; control and license gaming premises; to impose and collect tax on gaming; and further to provide for matters connected with or incidental to the foregoing.
The National Lotteries Board was created in 2003 by the Lotteries Act to regulate the national and all other lotteries so “as to ensure that players are treated fairly, protect the nation’s interest in the lotteries and motivate operators to maximize the enjoyment and benefits” that the lottery brings to the nation.
Original article: https://www.yogonet.com/international/news/2022/06/27/63178-mga-hosts-malawi-gaming-and-national-lotteries-boards-delegation-to-learn-best-practices-in-regulation
