Malta Regulator Made €50m in 2013

The Maltese Lotteries and Gaming Authority made €400k more than in 2013 against a hostile backdrop of national regulation.

Key Takeaways

The Maltese Lotteries & Gaming Authority (LGA) has produced accounts for 2013 which show it generated a surplus of €49.9—€400k more than in 2012.
€48.8m of the surplus has been transferred to the Government; a valuable source of income for a country with a population of around 450,000.

The Maltese Lotteries & Gaming Authority (LGA) has produced accounts for 2013 which show it generated a surplus of €49.9m, €400k more than in 2012.

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Malta Gaming Authority

Jocelyn Wood, Editor Joss is a graduate in English from the University of Birmingham and has a Master’s Degree in Organisational Development from the University of Manchester. His career path has taken him from the British Army, through business & finance to seven years as a successful professional poker player. His experience of the European Union, law, accounting, finance, regulation and online poker provide the basis for his insights in the PRO specialist categories of Industry and Law & Regulation. As CEO he steered his own company through full Financial Services Authority regulation, and was asked by Morgan Stanley to take their UK mortgage business through the same process. Although British, he lives in Arequipa, Peru, set high in the mountains and surrounded by volcanoes. He is married to a Peruvian and has three children.

Article published on June 02, 2014.

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