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Malta Gambling License Regulator 52.7 million In Earnings

Euro 52.7 million in online gaming revenues registered in 2013.
Malta regulator Lotteries and Gaming Authority (LGA) has posted its 2013 numbers, showing a Euro 49.9 million surplus for state coffers from its licensing activities, a slight increase on its 2012 income of Euro 49.5 million.
The Malta Today newspaper reports that the latest audited accounts of the LGA note Euro 52.7 million in revenues from its activities, with operating expenses at Euro 2.9 million - down from the Euro 3.3 million recorded in 2012.
“These results sustain the importance of the gaming industry for the Maltese economy,” LGA executive chairman Joseph Cuschieri said.
“The authority undergoing a major restructuring, investment and capacity building programme in order to strengthen the operational structures and define a new, future-proof strategy for the authority and for the gaming industry itself.
"This will have the benefit of driving growth for the industry and reposition Malta as the top gaming jurisdiction globally. We have set out an ambitious reformist and growth agenda which we are focused on delivering,” Cuschieri said.
 The LGA’s new executive management team is now composed of Ing. Paul Fenech (Chief Officer - Strategy & Business Planning), Dr Dominic Micallef (Chief Officer - Investigations and Enforcement), Vincent Marmara (Chief Regulatory Officer), Dr Edwina Licari (Chief Legal Officer), Heathcliff Farrugia (Chief Operations Officer) and Carlo Mifsud (Chief Financial Officer).

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Gambling News :

Yggdrasil Gaming Expanding - The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.

FanDuel and DraftKings Settle With NY Attorney General - Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.

Stan james Now Live With EPOS - The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.

Singapore Online Gambling Ban Begins - Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.

Chinese police action against Crown Resorts Widens - In addition to the 18 Crown employees still held after their arrest last week, it now appears that the police questioned 87 Crown punters and junket organizers, detaining 10 of the latter.

Pennsylvania Online Gambling Updates - Pro-online gambling companies, including the Golden Nugget in New Jersey and Pokerstars, were quick to refute Schippers views based on their operational experience.

WSOPE In Czech Republic - World Series of Poker Europe 2017 has moved to King’s Casino Rozvadov (KCR) in the Czech Republic following a multi-year deal that will see KCR host numerous WSOP-branded events over the next several years.

Medialivecasino in Deal With Microgame - #Medialivecasino live dealer games have already gone live with Microgame joining content from other well-known providers NetEnt and Evolution Gaming.

BtoBet Partners with AfroBet - Following the launch in Kenya, Afrobet said it has high hopes for further expansion into East Africa, Tanzania, Uganda and Congo.

Pissed off Tabcorp shareholders - A significant number of Tabcorp shareholders, led by The Australian Shareholders Association, reportedly objected to proposed hikes in executive pay packages and were unhappy with the company plans for a merger with rival gambling group Tatts.

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