Silvio Schembri, the Junior Minister for Financial Services of Malta has few concerns about the lack of compliance of local gambling operators.
He is reacting to the report from Neil McArthur, CEO of the UK Gambling Commission that Malta is housing repeat offenders.
Schembri, however, maintains that the Malta Gaming Authority is doing a sterling job.
“Our duty as politicians is that we give all the necessary tools, by enhancing legislation and helping regulatory bodies as MGA to monitor and sanction were needed.”
But Neil McArthur was not satisfied and labeled Malta’s compliance as “not good enough.”
“The Commission is clear that although progress has been made in the regulation of the online market since 2014, far more needs to be done to raise standards.”
McArthur’s position rests on the fact that Malta-based companies currently hold the largest market share of the UK online gaming market. This means close to 30% of the total operation.
The industry is exploding in the UK since the introduction of the tax rebate system.