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Malta Gambling License Regulator 52.7 million In Earnings

Thursday May 29,2014 : MALTA REGULATOR CONTRIBUTES TO STATE COFFERS AGAIN
 
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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US Supreme Court Interested in NJ SportsBetting Case - The US Supreme Court, which is for the second year mulling whether to hear New Jersey's case for wider legalized sports betting in the United States ) has showed some interest in the case.

Ladbrokes Trading Update - The Ladbrokes Coral plc online and land gambling group has released a trading statement for the unaudited year to 31 December 2016, reporting:

Leovegas Player Wins a BMW X4 - A 23-year-old Southampton University student identified only as Leo has won a GBP 50,000 BMW X4 sports saloon car playing NetEnt's Live Casino Roulette on the Leo Vegas mobile gambling,site.

New Survey on Europe Online Gambling Regulations - The companies delivered their conclusions, which include both EU and European Economic Area technical regulations, this week.

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