The gambling regulator from Malta (MGA) announced the creation of a new Commercial Communications Committee and published new guidelines.
Malta.- The Malta Gaming Authority (MGA) announced on Wednesday that it set up a Commercial Communications Committee. The authority created the committee to ensure the Gaming Commercial Communications Regulations. The MGA also published new guidelines.
The purpose of the Committee is to review commercial communications brought to its attention. It also aims at assessing any possible breaches. The MGA also issued the Commercial Communications Guidelines, as part of the regulator’s mission of placing player protection and responsible gaming on top of its regulatory agenda.
The guidelines, designed to provide practical guidance to any person offering licensable game/s and to persons who collaborate in any way or provide any service, also include any marketing or promotional service, to or on behalf of such person.
Intended to serve as guidance on the interpretation of the Regulations, and should not be considered to be a substitute for the relevant laws and regulations, they reflect the MGA’s intended effect of the Regulations, but neither constitute new rules nor bind the MGA or the Committee on the manner in which they will decide upon any commercial communication complaint.
Malta gaming amounts to 13% of the overall economy
MGA recently revealed its latest annual report on the industry on the island during 2018. According to the regulator, the gambling segment accounted for 13.2% of the total overall economic activity in the country.
The figure is nearly two points better than 2017’s and shows the segment is the fourth-highest producing sector in Malta.
Malta gaming companies went down from 287 to 273, but it was due to a new licensing scheme. By this, several companies now operate under one single licence, held by a single operator.
Furthermore, the MGA revealed 6,794 jobs come from Malta’s gaming industry. The figure is up slightly from 2017’s 6,673. The online segment generated 5,950 of them and companies are even struggling to find qualified workers.