Malta and Denmark sign cooperation agreement
Memorandum of understanding the latest cooperation agreement signed between European jurisdiction and newly-regulated territory.
Maltese regulator the Lotteries and Gaming Authority (LGA) and the Danish Gambling Authority (DGA) have announced the signing of a memorandum of understanding (MoU) on bilateral cooperation, following the DGA’s deals with Alderney, the Isle of Man and Gibraltar.
The MoU is designed to allow the countries to work together to gain a better understanding of their respective regulatory frameworks and share information in order to make it easier for an operator licensed in one jurisdiction to obtain approval in the other, with the countries sharing applications for approval and initiating an employee exchange programme.
The information-sharing agreement extends to improving player protection, tightening compliance standards, defining equipment location parameters and setting guidelines over the use of third-party suppliers.
LGA CEO Reuben Portanier commented that “such a cooperation agreement between the LGA and the DGA gives a clear signal that EEA regulators wish and can cooperate on regulatory matters in the public interest and which are common to both.
It becomes the latest agreement signed by the newly-regulated Danish market, with yesterday announced interim figures for the three months ending March 31 2012, and a European jurisdiction. The DGA signed MoUs with Alderney and the Isle of Man in November last year, followed by a similar agreement with Gibraltar.