The Lotteries & Gaming Authority (LGA) generated €52.7 million during the 2013 financial year, the same as the previous year.

The bulk of the revenue – €48.6 million – came from duties, while the remaining €4 million came from authority fees, mostly licences.

During the same period, total operating expenditure amounted to €2.9 million, compared to €3.3 million in 2012.

The authority registered a surplus amounting to €49.9 million compared to €49.5 million in 2012. As a result, the LGA transferred to government the amount of €48.8 million compared to €47.5 million in the previous year.

Commenting on these results, LGA executive chairman Joseph Cuschieri said: “These results continue to sustain the importance and value creation ability of the gaming industry for the Maltese economy. The authority is currently undergoing a major restructuring, investment and capacity building programme in order to strengthen the LGA’s 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”.

The LGA financial statements as approved by the board may be downloaded from the authority’s site at www.lga.org.mt.

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