IMF la­bels as ex­cep­tional the work be­ing done in Malta in the gam­ing sec­tor

The Malta Business Weekly - - FRONT PAGE -

On the very same day that Par­lia­ment in Malta ap­proved the new gam­ing law, the In­ter­na­tional Mon­e­tary Fund lauded Malta’s work in the gam­ing sec­tor and la­belled it as ex­cep­tional.

IMF com­pli­mented Malta not only for its unique hub for dig­i­tal gam­ing com­pa­nies but also for its pro-busi­ness ap­proach.

IMF com­mented also upon the com­mit­ment Malta is show­ing in strength­en­ing this sec­tor by the bet­ter­ment of ex­ist­ing leg­is­la­tion that reg­u­lates this sec­tor and by im­ple­ment­ing the EU Anti-Money Laun­der­ing di­rec­tive.

The changes in the leg­is­la­tion ap­proved by Par­lia­ment will as­sure that the gam­ing in­dus­try will be led in a re­spon­si­ble, just and free man­ner and away from any crim­i­nal activities. In this way a safe en­vi­ron­ment for the gener- al pub­lic is as­sured as this sec­tor is an im­por­tant source of funds and jobs.

With the help of this law, government will see that the Malta Gam­ing Au­thor­ity, as the reg­u­la­tor of the gam­ing in­dus­try, has all the re­sources to carry on its work ef­fec­tively. It will ul­ti­mately lead in fur­ther pro­tec­tion to cus­tomers and will base its work on con­crete ev­i­dence.

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