Parliamentary Secretary for competitiveness and economic
growth Jose Herrera has recently described Malta as being a
"giant amongst remote gaming jurisdictions." This comes
as no surprise as Malta is a well-recognised European centre for
the online gambling industry. In not much more
than a decade, remote gaming has witnessed a remarkable rise to
become Malta's largest economic sector behind
tourism.
The Parliamentary Secretary said this during a recent press
conference held by the Lotteries and Gaming Authority (LGA) where
the LGA announced positive interim results for the first six months
of this year.
The LGA's Executive Chairman Joseph Cuschieri, disclosed
that that the number of licences issued this year had in fact
increased by 25%. The number of registered companies has also gone
up 17% since last year. This also resulted in total revenue
from the gaming sector to increase by 1.3%. Additionally, the
license processing time has been reduced by 50% as now
