Gibraltar signs MoU with the Swedish Gambling Authority

Business News

Gibraltar Gambling Division (GGD) and Spelinspektionen (the Swedish Gambling Authority) have entered into a Memorandum of Understanding (MoU) for the purposes of enhanced cooperation between the two authorities in furtherance of the authorities’ public policy objectives and mutually common values.

The aim of this MoU is to facilitate on-going close communications between the two authorities, and to support effective sharing of information on matters of mutual interest and policy areas. Both authorities have also agreed to provide the best possible operational assistance to one another, on a continuous basis, in accordance with both their respective procedures and regulatory policies.

The Director General of the Swedish Gambling Authority, Camilla Rosenberg said that: “Some of the companies that have received a Swedish license also have technical equipment and a license in Gibraltar. By opening the communication channels between the authorities we become stronger in our supervisory activities. This is the beginning of a broad and long-term cooperation. Earlier this year we entered a MoU with Malta Gaming Authority and our plan is to initiate corresponding collaborations with more gambling authorities in Europe.”

GGD´s Executive Director, Andrew Lyman, also expressed his satisfaction on this agreement whereby he stated that: “Gibraltar is committed to working collaboratively and effectively with first tier regulators such as the Swedish Gambling Authority who share common values in terms of consumer protection, a fair market, promoting social responsibility and reducing crime associated with gambling”

The MoU came into force as of the 8th of May 2019.

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