MGA comments on impending Brexit
Brexit has been talked about for a long time, but keeping track of it is becoming harder and harder. Should the UK leave the European Union, this also applies to the Gamblingindustry its consequences. A no-deal Brexit doesn’t have a clarifying agreement at all, but one way or another is to think about the further path of gambling companies in the UK. The Malta Gaming Authority has now commented on Brexit.
UK companies lose their license
The Malta Gaming Authority grants its licenses to gambling companies located within the European Union. If the UK leaves this, the licenses will also become invalid. This certainly affects many companies, as the gambling business is also booming in the UK.
The Malta Gaming Authority now proposes to pass the licenses to subsidiaries or related companies within the EU. That way, gambling remains legal and can be regulated.
License change possible for 12 months
The Maltese authority is already working on the specific implementation of the license change for companies outside the EU. The MGA would like to give the companies from the UK a deadline of twelve months. Accordingly, the Groups then have a year to transfer their licenses to subsidiaries registered in the EU.
These rules apply only to Malta. Accordingly, MGA spokespersons recommend that companies in the UK think about solutions sooner rather than later. However, if you are licensed by the Malta Gaming Authority, you can continue to bring your offers to the man as usual after successful transfer. This includes all the usual certificates and payment methods, so that not much actually changes for the companies. A very good solution.
Gambling continues to be possible in the UK
The exact Brexit provisions remain a mystery in many ways. In principle, however, the UK is losing its freedom to provide services when leaving the EU, which is why large gambling companies should quickly seek alternative solutions. However, with the Malta Gaming Authority already taking action and seemingly supporting the UK, there is no hindrance to the continuation of gambling within the EU.
It also shows the importance of Britain in the world of gambling. 
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Translation
Viele wichtige und große Namen haben dort ihre Hauptniederlassung, entsprechend großes Interesse hat die MGA auch, weiterhin mit den Unternehmen zu kooperieren. Für den Spieler ändert sich dank der Überschreibung der Lizenzen glücklicherweise nichts, sodass auch wie gewohnt in den meisten Online Casino gespielt werden kann, sollte es bald zum Brexit kommen.