Gaming adds 12 percent to Malta’s economy, MGA says

According to the Malta Gaming Authority, gaming brought in more than $655.6m to the economy between January and June 2017. 

Representing 12 percent of its total value, the amount was up from 10 percent of the year before.

The MGA added that the segment has also generated more jobs (9,000 full-time jobs) than it was previously projected (6,400 full-time jobs).

Tax revenue hit $34.1m during said period, representing a 5.5 percent of indirect tax intake. In addition, there was six percent more licensed companies by 30 June compared with the end of last year.

The Maltese regulator has announced that it is expecting the national market to keep growing “robustly” during the rest of 2017 and to continue doing so in 2018.

Furthermore, the MGA has announced it continues to pursue an improvement of its regulatory framework, designed to “streamline, consolidate and future-proof” gaming sectors under the same criterion.

This article originally appeared on the iGaming Times