The Malta Gaming Authority (MGA) has revealed that gaming
added more than €556m ($655.6m) to the domestic economy in the
six months to June 30.
Gambling adds €556m to Malta economy in H1
amount is up 10% on the previous year and represents 12% of
the total value added of the Maltese economy in the first
half, up from 11.8% last year.
tax revenue reached €29m in the opening six months of the
current year, equal to 5.5% of tax indirect tax intake, while
the number of gambling companies licensed in the Maltese
jurisdiction at the end of the period increased by 6% on
addition, the MGA said the Maltese gambling is some way ahead
of forecasts in terms of jobs created.
estimates had set this figure at in excess of 6,400 full-time
equivalent jobs by June 2017, but an MGA survey carried out
towards the end of 2016 found that when taking into account
indirect employment, total employment in the gaming sector is
approximately 9,000 full-time equivalent jobs.
MGA also said it expects the national market to continue to
grow “robustly” throughout the remainder of 2017 and in 2018.
the MGA has provided an update on the overhaul of its
regulatory framework, which it said will help to “streamline,
consolidate and future-proof” all gaming sectors under one
legislative umbrella, as well as strengthen the MGA
enforcement powers and consumer protection standards.
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