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Malta Gaming Authority 2016 Annual Report

MALTA REGULATOR ISSUES ANNUAL REPORT
 
Regulator generated 4.3 percent more revenue in 2015.
 
The Malta Gaming Authority has released its annual report for 2015, posting a year-on-year 4.3 percent rise in generated revenue at Euro 60.9 million (FY 2014: Euro 58.4 million) as the industry continued to enjoy healthy growth in both the land-based and remote gaming sectors.
 
Highlights of the report include:
 
* Contributions in gaming taxes made to government in 2015 amounted to Euro 55.8 million - up 4.9 percent year-on-year;
 
* The sector made a direct contribution of 8.2 percent to Malta’s Gross Value Added in the economy;
 
* The land based gaming sector grew by 3 percent y-o-y with total gross gaming revenue reaching Euro 78.1 million. Amounts played in the land based sector reached a total of Euro 333.1 million with total winnings amounting to Euro 255 million;
 
* The MGA continued to focus its efforts on the overhaul of the current legislation. The new legislation will provide a regulatory framework which is robust and flexible enough to provide for effective regulatory oversight and at the same time facilitate industry growth and evolution;
 
* The regulatory oversight function was strengthened through the setting up of a Supervisory Council with responsibility for the integrity, consistency and ongoing development of the Authority’s regulatory performance;
 
* The Gaming Malta Foundation was set up with the aim of promoting Malta both locally and internationally as a leading jurisdiction and centre of excellence in the gaming industry;
 
* The Authority also focused on improving the efficacy of its operations through a right-sizing initiative taht included the implementation of a robust ICT infrastructure and advanced information systems designed to improve processes, enhance the quality of the MGA interface with licensees, improve information security and the optimise the use of resources;
 
* The Authority’s corporate identity was completely refreshed to signal a new vision for the industry through the rebranding of the Lotteries and Gaming Authority to the Malta Gaming Authority. The Authority also relocated to new offices at Smart City Malta;
 
MGA’s Executive Chairman, Joseph Cuschieri reported:
 
“2015 has been a very intensive and rewarding year on many fronts for the MGA. The results strengthen our determination to ...create a sustainable industry base in the face of the challenges emanating from the European and global gaming sphere, as well as harnessing the growth of the sector through the diversification of markets and products made possible by innovative technologies and emerging markets.”
 
The full report is accessible here: http://www.mga.org.mt/wp-content/uploads/MGA-Annual-Report-2015-Spreads.pdf

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Gambling News :

Leap Gaming Partners With Pala Interactive - Israeli-based developer Leap Gaming has clinched its second deal in a week, this with Pala Interactive for the integration of its virtual sports turnkey product to Pala’s white-label social gaming platform.

Sportech Racing Partners With Macau Jockey Club - Sportech Racing and Digital has partnered Macau Jockey Club (MJC) for the provision of a white-label digital pari-mutuel betting platform and other retail solutions.

Bla Bla Bla Studios - Under the terms of the deal Bla Bla Bla Studios will develop and distribute exclusive gaming content for integration into the Quickfire platform.

Betser Powered By SBTech - #Betser is inspired by fantasy football, private betting leagues and social betting. The offer includes a twin-track loyalty scheme devised by Malta-based Hero Gaming, who operate Casino Heroes.

EveryMatrix has appointed Glen Bullen as Sales Manager - Bullen assumes responsibility for the entire casino sales operation, particularly focusing on growing distribution of the newly-updated and expanded CasinoEngine platform into Tier One operators.

Freemasons Fortune Slot Launches - Booming Games has launched Freemasons Fortune, a new 3-reel, nine-payline game inspired by the enigmatic Freemasons fraternal order.

Hollywood Classic Slots launches - Penn Interactive has launched Hollywood Classic Slots, a social casino game developed in collaboration with its recently acquired social gaming company Rocket Games.

Pagcor relents on 20 venues - In an announcement to the local stock exchange Monday, the company revealed that 20 of its 36 e-bingo revocations have been lifted, enabling operations to continue.

Kama Games Selects Unity - #Unity The Ireland-based Kama Games mobile social games developer has announced its commitment to using the Unity games creation platform, having completed the conversion of the last of its titles from iOS and Android native apps to Unity 5.

Novomatic Slot Competition - #Novomatic The Americas division of online and land gambling games and equipment supplier Novomatic is briefing delegates to the G2E show in Las Vegas on its new slot concept, which gives players an opportunity to win prizes on national television.

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