Author Archives: kevin

More gaming companies investing in Malta

The gaming company BWIN shall be investing in Malta after it was granted several licences by the Gaming Authority to offer an online casino, sportsbook and poker, Parliamentary Secretary Edward Zammit Lewis said today. Click Here to read further

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Fitch affirms Malta ‘A’ rating, stable outlook

Fitch Ratings has affirmed Malta’s long-term foreign and local currency Issuer Default Rating (IDRs) at ‘A’, after the country was downgraded from its A+ rating back in September 2013. The outlook is stable. Click Here to read further

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Mixed response to EU AML move

The news that the European Parliament yesterday adopted amendments to the European Commission proposal for a new anti-money laundering directive has received a cautious response from two leading industry associations. Click to Read More

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Malta’s profitability ‘not only down to tax incentives’ – Louis Grech

Malta’s profitability was not only down to tax incentives but also through a right mixture that attracted foreign direct investment, deputy Prime Minister Louis Grech said. Click to read further:

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EGBA Moves In to Change Swedish National Gambling Monopoly

If Sweden wants to stay out of court, the Scandinavian country may have to make some significant changes to its gambling laws. Read more: http://www.casino.org/news/egba-moves-in-to-change-swedish-national-gambling-monopoly#ixzz2uELGoS6j

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Italy cannot block online gambling, says EU court

Prohibition of cross-border gambling is in breach of EU law that guarantees freedom to provide services. Read more

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Malta E-Gaming Review 2013/14

In the autumn of 2000 the Maltese government passed legislation enabling online betting centres to be set up in the country, and this legislation, coupled with provisions from the Income Tax Act written specifically for international companies, made Malta an …

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EC takes action against seven States over non-compliance with EU law

The European Commission has launched formal infringement proceedings against the online gambling legislation of six Member States and issued two ‘reasoned opinions’ against Sweden for failing to comply with EU law. To Read further kindly click here

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Budget 2014 at a Glance

Kindly follow the following link for the budget highlights: http://www.timesofmalta.com/articles/view/20131104/budget-2014/the-budget-at-a-glance.493235

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Moody’s improves Malta’s outlook to stable

Moody’s Investors Service affirmed Malta’s A3 government bond rating and changed the outlook to stable from negative. The decision to change the outlook on Malta’s sovereign rating was driven by the following key drivers: – Read more at: http://www.timesofmalta.com/articles/view/20131004/local/moodys-upgrades-maltas-outlook-to-stable.488976

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