Licenses, fines, taxes: MGA report for the first half of 2020

Malta’s gambling regulator, MGA, recently released a report for January-June 2020. According to the report, 7 companies lost their licenses, 2 licenses were suspended, 20 notifications of regulatory violations and 11 warnings were sent out.

A total of 9 fines were issued. In one case, the Maltese regulator forced even a company with a Curacao license to pay a fine. Blackrock Entertainment, which operates Wild Sultan Casino, has agreed to pay a € 2.3 million fine for unlicensed gambling activities.

The report also indicates that 303 licenses were issued in the first half of the year, of which 196 were for companies providing B2C (business to consumer) services and 111 licenses for suppliers.

The number of active gaming accounts increased to 17.2 million, which is 11.8% more than last year. 7.6 million new accounts were created. Slot machines are leading in terms of collected revenues, they brought in 77.4% more than in the previous period. Tax deductions from online gambling amounted to 24.6 million euros.

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