In 2019, the economy of Malta received close to €1.5 billion from the gaming industry representing a 9.6 percent rise, year-on-year, based on numbers posted by the country’s Gaming Authority.

The findings also revealed that the country’s Gaming Authority had considerably improved enforcement measures. It canceled more than 14 licenses last year, while the number of licensed companies rose by 3 percent to a total of 294. However, the figure is lower than those reported three years ago.

Based on estimates, the gaming industry is the third contributor, in the private sector, to the country’s economy. It trails the processing, food, and accommodation as well as retail industries.

The industry directly employed more than 7417 people last year alone, an increase of 9.2 percent. Of those jobs, about 6593 were in the digital gaming sector. Although the Gaming Authority did not post gross revenues for the sector, it broke down revenues based on type.

For type 1, player versus house casino, gaming brought in most of the revenue, and its share is 56 percent, which is an improvement from the previous 55.4 percent registered in 2018. Of the games, slots were the highest contributors, having brought in 74 percent of the entire type 1 revenue. In comparison, tables games only managed 21.5 percent.

Type 2 revenue came from sports betting, and it brought in 36 percent of overall revenue, which is lower than the 39 percent recorded in 2018. Soccer brought in 76 percent on type 2 total, with tennis managing 7.7 percent, and basketball 5.9 percent.

Type 3 revenue came from player versus player engagement, and it managed 7.7 percent of overall revenue, with about 81.9 percent coming from poker and 10.3 percent betting exchange. From the revenue, the MGA’s expenses totaled €13.2 million, with about €7.2 million being staff cost and €1.2 million general and administrative, amortization and depreciation.

Projecting ahead into the future, the MGA surveyed several operators to assess the impact of the current pandemic on the gaming sector. It found that revenue is expected to decline by about 12 percent this year, and this attributes to a decline in sports betting revenues.

Source: https://www.igamingbusiness.com/news/gaming-contributes-156bn-maltese-economy-2019

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