Taking iGaming to the next level

Malta wascontinuously reaching new milestones in the iGaming industry and it was now the time to move to the next level.

Finance Minister Tonio Fenech told an iGaming conference this morning that the government was undertaking a major effort to review and improve legislative and regulatory frameworks to bring new technologies and business models within the regime.

“We understand that whilst it is increasingly hard to distinguish between terrestrial and iGaming, we are in the process of fleshing out a regulatory model that introduces far greater social responsibility without shackling the international aspect of operators’ licences and ventures.

“As we achieve greater depth in this model we will open this to public consultation,” he said.

Mr Fenech said that over the past four years the Lotteries and Gaming Authority processed more than 500 applications for a remote gaming license.

The industry, he said, had become a significant contributor to job creation with more than 4,500 working in the gaming industry - 2,300 directly in remote gaming.

This year, the country would have generated €16.1 million in revenue, 46 percent more than in 2007.

The conference has been organised by the Chamber of Advocates.