Malta government to announce incentives for gaming industry

Posted: Feb 13, 2023 11:32 Category: Esports , Europe , Online , Posted by Content Team

The government of Malta will be announcing incentives for the gaming industry in the near future, its Economy Minister Silvio Schembri said recently.

Speaking during the ICE event in London, Schembri said such incentives will be aimed at easing the burden of operational costs industry players face.

The Minister said the Maltese government will continue to strengthen the gaming industry and other sectors like esports and video game development.

Minister Schembri, who was welcomed by Gaming Malta and the Malta Gaming Authority (MGA), said that the industry in Malta is “flourishing.”

He also referred to the regulator’s recent report that the sector witnessed an increase in gaming companies operating on our islands. The MGA reported a growth of nearly 8%.

“It is vital that, as a government, we keep strengthening our efforts to ensure that Malta remains an attractive jurisdiction, which, in turn, maintains a robust ecosystem and helps boost our economy,” Minister Schembri said.

When referring to the MGA, Schembri said Malta has a reputable regulator. He added that Malta can boast of having a strong regulatory regime with the necessary safeguards in place for both operators and consumers.

The industry employs over 11,000 workers, and talent in this sector is constantly on the rise, he noted.

“We are also working to see that investment in other sectors that have emerged due to the gaming industry, like esports and video game development, continues. The participation of Maltese gaming companies in expos of this calibre is necessary as it continues to reinforce Malta’s home of gaming excellence credentials in the global gaming industry,” the minister concluded.

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