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MT 30 July 2017

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maltatoday Gaming In its Annual Report and Financial Statements published recently, the Malta Gaming Authority (MGA) provided an overview of its activities and the work performed, mainly driven by the repositioning strategy and the general overhaul of the regulatory regime which will be published for consultation this year. In 2016, the MGA generated a total revenue of €62.5m compared to €60.9m in 2015 – an increase of €1.6m or a 2.6% year-on-year increase. Contributions in gaming taxes made to Government in 2016 amounted to €56.2m compared to €55.8m in 2015. The gaming industry is estimated to have generated just over €1 billion in terms of gross value added in 2016, a 12% growth over 2015. As a result of these developments, the gaming industry increased its share in economic activity to around 11.6% in 2016. The number of remote gaming licenses has increased to 513, representing a 5% year on year increase. The industry directly accounts for almost 6,200 jobs in full time equivalent terms by the end of 2016, an increase of almost 1,500 jobs over 2015. When one factors in indirect employment through associated businesses, the number increases to around 9,000 jobs in 2016.

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