More companies intending to start operation in Malta

The Malta Gaming Authority has received more than 20 applications from new gaming companies to start the licensing process in order to operate from Malta, according to Parliamentary Secretary Silvio Schembri.

Speaking at the 2019 edition of ICE London, Mr Schembri said ICE London was the perfect platform for Malta to showcase itself as the ‘home of gaming excellence’.

Around 11 per cent of the exhibitors at ICE London are Malta-based which means that aside from exhibitors from the hosting country (UK), Malta has the highest number of exhibitors, followed by the United States.

Mr Schembri said that operators and investors were highly interested in Malta’s proactive stance on embracing new technologies, particularly the guidelines that the Malta Gaming Authority issued on the use of Distributed Ledger Technologies and acceptance of Virtual Currencies in a Sandbox Environment.

“The interest in the new law was overwhelming since it lessens by far unnecessary bureaucratic procedures as well as strengthens the regulator’s role to be in a better position to tackle challenges while keeping in mind consumers’ protection,” Mr Schembri said.