The Government of Malta and the Malta Lotteries and Gaming Authority (LGA) have agreed to expand the country’s igaming infrastructures in order to create “the best iGaming business structure in the EU”.
Malta’s Secretary of Competitiveness and Economic Growth Dr Jose Herrera presented a four year initiative to government officials. Dr Herrera sets out the business and economic strategies for increasing Malta’s igaming infrastructures, which were drafted with the help of the Responsible Gaming Foundation (RGF).
The European Union member state will look to become the leading jurisdiction for online gambling services and operational provisions, by creating a Gaming Academy which will lead research and build knowledge for the iGaming community.
Central to its plans will be further research into gambling addiction and responsible gambling services for European consumers. Malta confirmed that the RGF would play a central role in supporting and advising the business initiative.
Malta LGA CEO Joseph Cuschieri further confirmed that the LGA had created a new igaming body named Gaming Malta, which would promote Malta’s business and jurisdiction services.
Dr Herrera praised the government’s approach to the igaming sector, amid increasing igaming regulatory and legislative blocks in the European Union.
“Our gaming economy has grown despite the added competition and regulations from within the EU.”
Dr Herrera and Cuschieri both noted that the igaming sector had proved beneficial to Malta, as the island had gained in quality of labour and business services.