2024 has been transformative for the global gaming industry, with substantial regulatory developments across multiple jurisdictions. From Curaçao’s ambitious overhaul of its gambling laws to the emergence of alternative licensing hubs, these changes are shaping the industry’s future and creating new opportunities for operators.
Malta: Transitioning to a B2B Licensing Hub
Very early in the year, the Malta Gaming Authority (MGA) issued a binding instrument effective from 1st January 2024, regarding the provision of critical gaming (B2B) supplies. By virtue of this binding instrument, MGA-licensed B2Bs can now offer their services to persons or entities that are duly licensed by the MGA or by a regulatory or governmental body in another jurisdiction, shifting the onus onto B2B Licensees to exercise due care in ensuring that their integrity and reputability are not compromised when offering such services.
As evidenced in the MGA’s Interim Report of 2024, published late in the year, there was an increase in both new gaming license applications and licenses issued for Critical Gaming Supply providers. In fact, during H1 2024, 63.6% of the total new license applications received were for a B2B license and 75% of licenses issued by the MGA were for a B2B license. This showcases the MGA’s intentions toward becoming a premier hub for B2B operations. This shift enables Malta to maintain its relevance in the global gaming ecosystem while diversifying its offerings. MGA B2B licensees benefit from a robust regulatory environment, fostering innovation and partnerships within the gaming supply chain.
Latin America’s Online Gambling Revolution
2024 also saw two Latin American powerhouses, Brazil and Peru, take significant steps toward regulating online gambling.
Brazil’s historic gambling law, passed at the end of 2023, launched its long-anticipated online gambling license framework, signalling its commitment to regulating a market projected to be one of the largest globally. The new regulations include provisions for AML/CFT compliance, taxation, responsible gambling, and a focus on ensuring a fair and transparent gaming environment. Licensed operators are required to adhere to strict advertising rules and support measures to combat gambling addiction.
Peru also introduced its own online gambling licensing regime, effective from 9th February 2024. The framework prioritises consumer protection, taxation compliance, and market integrity, aiming to attract both domestic and international operators. This development positions Peru as a rising star in the region’s regulated gaming landscape.
Both countries’ initiatives are part of a broader trend in Latin America, signalling the region’s shift from grey to regulated markets.
Curaçao: A New Era
Curaçao, long regarded as one of the most accessible licensing hubs for online gambling. On 17th December 2024, the Curaçaoan Parliament passed the new landmark Gambling Bill, the National Ordinance on Games of Chance (LOK). This came into effect one week later on 24th December. The legislation marks a significant shift from its historically lenient framework to a more structured and transparent regulatory regime.
The new bill establishes the Curaçao Gambling Authority (CGA), replacing the previous master licensing system. All gaming operators must now obtain individual licenses directly from the CGA, ensuring greater accountability and compliance with international standards. Key highlights include enhanced due diligence aspects, player protection measures, anti-money laundering obligations, and compliance reporting requirements.
The Rise of Alternative Jurisdictions
As traditional licensing hubs like Malta and Curaçao evolve, alternative jurisdictions have gained traction among operators seeking flexible, cost-effective options.
- Kahnawake and Tobique: Both these jurisdictions in Canada, have significantly expanded their influence in the online gaming space.
- Anjouan: This island in the Comoros archipelago has emerged as a noteworthy jurisdiction, offering affordable licensing with minimal bureaucratic hurdles. Its appeal lies in its simplicity and relatively quick processing times.
- Vanuatu: Known for its competitive fees and streamlined licensing process, Vanuatu continues to attract startups and small-scale operators looking for a credible yet accessible licensing option.
Finland
On 18th August 2024, Finland’s government-run consultation process came to an end, with new legislation expected to be presented to the Finnish Parliament in the first quarter of 2025. The bill sets out plans to end the country’s current monopoly by 2026 and channel demand to the regulated market, with gaming companies being able to apply for gaming licenses from early 2026. The new supervisory authority will focus on restricting the black market, ensuring marketing and advertising compliance, and implementing a centralized self-exclusion register to limit the effects of gambling-related harms.
Looking Ahead to 2025
The regulatory changes of 2024 reflect the gaming industry’s growing emphasis on compliance, responsible gaming, and player protection. While these shifts present challenges for operators, they also open doors to new markets and opportunities for growth.
How Can ARQ Group Help?
For gaming companies, staying ahead of these developments is essential to maintaining competitiveness and compliance. At ARQ Group, we specialize in navigating the complexities of the ever-changing regulatory landscape.
With ICE taking place earlier this year, the conference is set to influence developments and shape the trajectory for 2025. ARQ Group will be present at ICE Barcelona from 20thJanuary till the 22nd to discuss how we can support your business in adapting to these changes and seizing emerging opportunities. If you plan to attend ICE Barcelona, we would be more than happy to arrange a meeting at your convenience.
Please feel free to reach out to us at gamingteam@arqgroup.com or you can schedule an appointment with one of our Gaming Regulatory Advisory team members by clicking here to discuss any specific topics you’d like to address in advance.
Kris Baron
Partner – Regulatory & Advisory
Kris Baron is the partner in charge of regulatory and compliance matters at ARQ and is responsible for i-gaming and e-commerce clients. He is a member of the Information Systems Audit and Control Association (USA), Fellow of the Association of Chartered Certified Accountants (UK) and a Fellow of the Malta Institute of Accountants.
