The Malta Gaming Authority (MGA) and the Alcohol and Gaming Commission of Ontario (AGCO) have announced a new Memorandum of Understanding (MoU), highlighting their commitment to deepening their existing relationship. The move strengthens transcontinental cooperation between the two regulators, separated by the Atlantic Ocean but united by common ideals and goals.
Objectives of the Memorandum
The main purpose of the Memorandum of Understanding is to further consolidate and strengthen the relationship between MGA and AGCO. The document provides for mutual assistance at the operational level, as well as the exchange of relevant regulatory information and knowledge. Although the MoU is not legally binding, it clearly states the intentions of both parties to develop joint work within the existing contract.
Despite geographic and jurisdictional differences, MGA and AGCO have a long history of collaboration based on shared values and goals. This new initiative highlights their continued work together and their commitment to improving gambling regulation internationally.
Recent Developments
Earlier this week, Swintt received AGCO approval to operate in Ontario, Canada, marking its debut in the North American market. The development comes shortly after the AGCO decided to ban WBA boxing betting in the province due to concerns about insider betting and match-fixing. For the MGA, this latest news follows the 2024 European Gambling Regulators Forum, which was organized by the Maltese regulator.
Management Comments
MGA CEO Charles Mizzi commented on the conclusion of the Memorandum of Understanding with AGCO: “Our ongoing collaboration with AGCO has delivered tangible results in the past, and through this Memorandum we are committed to further strengthening our cross-jurisdictional relationship. Our focus remains on facilitating the exchange of information with the common goal of improving our regulatory practices and effectively addressing mutual concerns.”
The new Memorandum of Understanding between the MGA and AGCO highlights the importance of international cooperation in gambling regulation. This partnership not only facilitates the sharing of knowledge and resources, but also strengthens the overall effort to create a safe and transparent environment for players.