The Malta Gaming Authority (MGA) is working on a brand new Gaming Act which will be enacted next year with the aim of reducing bureaucracy and making things more straightforward for gaming companies that want to register in Malta.
Parliamentary Secretary Silvio Schembri announced this whilst addressing another edition of SiGMA, the iGaming Summit, adding that the Act would be enacted while adopting anti-money laundering regulations, such as the AML4.
“Malta is truly the home of gaming excellence,” Mr Schembri said, saying that the island offers the complete gaming ecosystem because it has the resources, people and culture to give iGaming professionals and entrepreneurs the opportunity to connect with like-minded individuals in an environment where business gets done.
He said that the fantasy sports niche was being heavily promoted locally, in order to create more job opportunities and to encourage the industry to continue to grow.
Mr Schembri added that owing to the fast pace at which the industry is growing, as well as the demand within the same industry, the Government was working to make sure to keep up with the demand whilst upskilling workers.
Next week the European Gaming Institute of Malta (EGIM) will be launched to help students train for job opportunities in the gaming industry through courses at MCAST, in collaboration with the MGA and the gaming industry as a whole.
Around 8,000 delegates are participating in this year’s SiGMA, around twice as many as there were last year.