MGA delivers growth in 2017
News on 2 Jul 2018
News on 2 Jul 2018
In its latest annual report, the Malta Gambling Authority (MGA) delivered a 6 percent rise in licence fees, gaming tax and other administrative fees and fines for a total revenue of Euro 66.3 million in 2017 (2016: Euro 62.5 million).
The direct contribution of the gaming industry to the Maltese economy was valued at Euro 1.1 billion in 2017, with approximately 9,800 full time jobs created within operators directly in the sector and other associated businesses.
The year was pivotal for the authority in the introduction of the new Gaming Act, the enhancement of compliance systems, the implementation of the EU 4th AMLD requirements and the enhancement of the MGA’s IT systems including the introduction of the MGA’s Licensee Relationship Management System (LRMS).
The implementation and introduction of these Acts and systems will continue to elevate the MGA’s regulatory standards, by strengthening controls and empowering the Authority to adopt a risk based approach towards enforcement and supervision, a press statement reads.
