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Gaming Contributed €1.56bn to the Economy of Malta

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Esports Technologies Announces Expansion with Addition of Third Office, in Malta
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The economy of mga  received €1.56bn from gaming in 2019, which represents a 9.6% year-on-year growth according to data from the 2019 report of the Malta Gaming Authority AKA the MGA.

According to the report, there’s been an ongoing enforcement drive by the MGA, during which it has succeeded in cancelling 14 casino licenses in 2019 alone. There’s also been a 3.9% increase in the number of casino firms and sites in operation – on which you can do things like play online blackjack and crowd favourite slots on – taking the total number to 294, which is still below what it was in 2017.

A look at the €1.56bn additional profit and the total value of the goods/services that the casino industry produces, minus the total consumed value, placed the gaming sector at the third position in the list of the private sectors that contributed highest to the economy of Malta. It stands just behind the retail, food, and accommodation industry at number one and professional services at number two.

Talking about this, the MGA also proposed that gaming also helps in the generation of added value through other ancillary and affiliate services to other main sectors like the real estate, distributive trades, catering services and hospitality, ICT activities, financial sector and professional services sector.

In 2019, the gaming industry provided up to 7,417 jobs, which is a 9.2% year-on-year increase. Out of the total number of jobs mentioned above, the online gaming industry had 6,593. Now, the MGA did not announce the total gaming revenue for the industry, but it went ahead to announce the revenues gained by different types of games.

The first set is made up of the ‘player versus house casino games,’ and this accounts for more than 56% of the total revenue, against the 55.4% of the previous year. In this category, the games that took the centre stage were slots, and they accounted for more than 74.4% of the revenue made by this category. The table games stood at a distant 21.5%.

The second category is made up of sports betting, and this raked in 36.3% of the total revenue, signalling a drop in the 39.0% that it generated the year before. The most prevalent game in this sector is the game of football, which brought in 76.4% of the total revenue, while the contribution by tennis stood at 7.7%, and basketball contributed 5.9%.

For the third category, we have ‘player versus player,’ games and this raked in 7.7% of the total revenue. Poker contributed 81.9% to this, and betting exchanges brought in 10.3%.

The body also has another category of games that it gives licenses for, and this type 4 license is given for controlled skill games. But because the revenue that came through this was very minimal in the scheme of things, it wasn’t added.

There was also a 12.7% growth in the number of active player profiles in online casinos operating with a license from Malta, with the number standing at 20.4m at the moment.

14 casinos were cancelled while the MGA was enforcing its regulations in 2019. This is an increase from the 8 that were cancelled in 2018 and 3 that received the same treatment in 2017. Also, the regulatory body sent 11 licensed casinos into suspension, the same number they did in 2018.

They placed great emphasis on ensuring that the increase in enforcement and compliance they are embarking on reflects its structure and governance. According to the chief executive of the MGA, Heathcliff Faruggia, they committed more money to compliance, to ensure that the risk-based approach to enforcement and regulation is implemented.

There was an increase in the total number of companies operating with licenses in Malta as well, going from 283 in 2018 to 294 in 2019. But this is still not up to what was the case in 2017 when they had 296 companies. There was also an increase in the total number of active licenses from 286 to 298.

They issued new licenses to 53 out of 89 applicants. This is below the 93 that were handed licenses in 2018, and the explanation given by MGA about this is that it was because of the alterations they made in their licensing system from August 2018. The new provision holds that there wouldn’t be any need for new licenses for operators who already possess the critical gaming supply or gaming service license when they want to start offering products that are captured by a different class of license.

The MGA also delved into ad hoc responsible gambling audits in 2019.

For Faruggia, through these audits, the firm has been able to ensure that the lawful safeguards that each license enforces are effective and that they keep relaying information to the authority on how best to protect the vulnerable in the sector.

In 2019, the regulator gained €81.7m, which is an 8.6% increase. Most of the funds were from levies and compliance contributions, and it had an 8.1% increase. Also, €8.1m was made in license fees, which is a 16.1% growth, while fees for license application brought in €477,605 revenue, which is a 16.6% growth. The other sources capped this up with €817,276, which is a 14.9% drop.

When it comes to expenses, the MGA spent €13.2m – with staff costs totalling €7.2m, while depreciation and amortization, plus general and administrative costs stood at €1.2m.

In order to be ready for the future, the MGA did a survey of the licenses in April 2020, to study the impact of the current health crisis on the gaming sector. From a poll conducted for 151 B2C operators, there would be a drop of 12% in gaming revenue in 2020, and this is because of the drop in sports betting revenue. The revenue is predicted to experience a 40% decline. Also, 64 B2Bs were surveyed, and they also pointed to an expected 20% decline in revenue.

According to Faruggia, there has been an increased emphasis on the need to protect vulnerable players, especially now that our daily lives and finances have been heavily disrupted, and many are in the dark about their financial future. But then, the industry is also experiencing huge pressure through operational costs, and they have to consider this in line with the new reality.

The body is making efforts to ensure that operators with licenses adhere to the guidelines, while those without licenses, who are out there to make illegal money and put the public in danger are stopped.

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GAMSTOP wins British Data Award for “Data for good initiative 2022”

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GAMSTOP wins British Data Award for “Data for good initiative 2022”
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GAMSTOP, the free national scheme for self-exclusion from online gambling, has won this years “Data for Good initiative” at the 2022 British Data Awards.

GAMSTOP successfully enables over 280,000 UK adults to protect themselves from gambling related harm and this award further validates the significant impact a data initiative like this has on potentially vulnerable people.

GAMSTOP is the UK’s free online gambling self-exclusion scheme. Users sign up by filling in personal details, and selecting a period of six months, twelve months, or five years. Once complete, they are self-excluded from all online gambling sites in the UK until they chose to remove it after their chosen exclusion time has elapsed.

Responding to last night’s win, Fiona Palmer, GAMSTOP CEO, said:

Winning this award alongside our technology partners, The Datashed underlines our capability to use data safely and effectively to help potentially vulnerable individuals. I couldn’t be more proud of this achievement and the team who have worked so hard to continuously improve the GAMSTOP scheme.

Thank you to the judges for seeing the value of the GAMSTOP system and congratulations to all other winners at last night awards.”

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World’s largest arcade platform offers retro gamers Epic deal – giving access to over 1300 Games

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World’s largest arcade platform offers retro gamers Epic deal - giving access to over 1300 Games
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The world’s largest library of retro games, Antstream Arcade, will be slashing the price of its annual premium subscription to just $19.99 as part of Epic’s Spring Mega Sale. Between Thursday 19th May to Thursday 16th June, this discount will be available on the Epic Games Store and across all other platforms, giving retro gamers around the world ad-free access to over 1300 games. 

This world leading library of games includes retro classics like Mortal Kombat, Pac-Man, Space Invaders, Monkey Island and Earthworm Jim – all of which can be streamed from the cloud without the need for additional downloads or for microtransactions. 

Players from around the world will also be able to compete in Antstreams global tournaments, moving up the global leaderboards and engaging in game exclusive  “Challenge Modes” – modes that put new spins on old classics. Like Pac-Man Hide and Seek, or Mortal Kombat On The Ropes challenges. Players will also be able to enjoy Antstream’s new “Giant Slayer” feature – where players can challenge the global Antstream community to beat their high score in a game of their choice – bringing the joy of the classic Arcade to the modern gaming audience.

Steve Cottam, CEO at Antstream Arcade, said: “Our goal as a company is to bring some of the greatest games ever created to a global community through the medium of cloud gaming. Unlike other cloud gaming platforms that might have only 100 games, Antstream currently offers players over 1200 titles – with a price tag that sits well below our competition. And with this latest deal alongside Epic’s Spring Mega Sale, we are excited to make retro gaming more accessible than ever”.

Outside of the premium subscription option gamers are still able to access their favourite retro games on their computer, mobile, tablet or other devices through the free, ad-supported tier. Antstream Arcade features fully licensed and fully playable retro games from publishers including Disney, Warner Brothers, Taito, Atari and Bandai-Namco, as well as a huge range of smaller indie developers and IP owners from the arcade era and beyond. 

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Week 20/2022 slot games releases

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Week 20/2022 slot games releases
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Here are this weeks latest slots releases!

GAMOMAT, one of the leading independent software developers for slot games, is releasing its delectable title, Divine Fire. Set on Mount Olympus, Divine Fire is a book game which welcomes players to the abode of the gods. A powerful soundtrack complements the gameplay which helps create a dynamic experience and one that heightens tension on the reels. The game has a 5×3 design with 10 paylines and symbols that include an anvil, a mighty hammer, Hephaestus himself and a menacing bull.

GAMOMAT releases delectable Divine Fire title

As curious creatures make their way from the sea and into the fjords, Yggdrasil and Peter & Sons invite players to journey to the summit of the falls alongside a mystical Shaman to catch these bountiful beasts for great rewards. Water Blox Gigablox™ is a mid-high volatility 6×6 Gigablox slot featuring 50 paylines, Wild Re-Spins and a Monster Free Spins bonus game that boasts a lucrative Monster Multiplier.

Yggdrasil and Peter & Sons invite players to fish up big wins in Water Blox Gigablox

 

Game developer Expanse Studios has added another title to its slots portfolio with its latest release – Odd One Out. A perfect blend of old-school gameplay with modern features, Odd One Out is a five-reel video slot that includes 243 ways to win along with Magnetic Wild and Free Spins. Within the title are two special features, the first one being called Magnetic Wild.

Odd One Out – Expanse Studios’ 243 Ways To Win

 

 

Golden Rock Studios is proud to announce the release of Bonus Only, available now via Caleta Gaming Platform. Bonus Only is a first of its kind slot game featuring nothing but bonuses. That’s right, a slot game in which every win takes you to a bonus round. Trigger up to three different bonus rounds and take a trip around some of the most iconic casino locations in the world. Perfect for entertainment hungry players and bonus hunters due to the frequent bonuses available, all this makes for an exciting slot game with anticipation levels reaching fever pitch with every spin.

Golden Rock Studios rolls out Bonus Only

BGaming, a dynamic iGaming provider converting gambling into gaming, presents its new slot Penny Pelican with 20 paylines, well-loved features, and up to 3525x bet exposure. Penny Pelican is a 5×3 slot with 20 paylines and 13 colorful marine symbols that bring players into the atmosphere of a harbor on a sea beach where the main character Penny Pelican lives.

BGaming Delights Summer Slots Lovers by Releasing Its New Title Penny Pelican

 

Play’n GO let loose Animal Madness, the latest release to join their diverse content portfolio. A farmer’s work is never done… From tending to your livestock to growing crops, it can be a little hectic keeping things in order. There’s always a job to be done at this madcap farm. Animal Madness does an amazing job of replicating the hectic nature of farm life. Light-hearted gameplay progresses the narrative for immersive player engagement.

Play’n GO let loose Animal Madness, the latest release to join their diverse content portfolio

 

No one likes to pay a visit to the doctor but those that are brave enough to follow the sinister medical man into the operating theatre may emerge with potentially big wins in the latest slot launch from Stakelogic. Freaky Friday Fixed Symbols is not for the faint-hearted and promises to test the constitution of players who dare to pick up the scalpel and join the not so good doctor in his quest to become rich. In the base game, there are 20 fixed paylines and all symbols pay left to right.

The doctor will see you now: Freaky Friday Fixed Symbols from Stakelogic

 

Red Tiger has launched an exciting new big cat slot game, and players who have been fans of the Carole Baskin story so far are going to love her in the slots universe with Big Cat Rescue Megaways. Carole Baskin’s Big Cat Rescue sanctuary has captured the imagination of millions of people worldwide. As a not-for-profit organisation providing a permanent home to abandoned and abused big cats, a portion of the proceeds from this latest slot offering from Red Tiger, will go towards supporting the sanctuary’s work – a cause that Red Tiger is proud to be backing.

Carole Baskin comes to the slot world with brand new Red Tiger launch of Big Cat Rescue Megaways™

 

Pragmatic Play, a leading content provider to the iGaming industry, welcomes players to a rustic American town where bandits lurk around every corner in its latest crime-thriller, The Great Stick-Up™. Landing three, four or five scatters – which appear in the form of police sirens – will trigger the Free Spins bonus round, awarding payouts worth 2x, 10x and 100x the bet, along with seven free spins. 

PRAGMATIC PLAY FOILS THE PLOT IN THE GREAT STICK-UP™

 

Push Gaming has announced the network-wide release of Fat Banker, the latest in its player favourite Fat series of titles. The 1920s-themed game will be available to all partners across regulated markets and releases hot on the heels of recent hit titles like Nightfall and Fire Hopper. Players will be exploring a life of opulence in Fat Banker with gameplay set in front of the iconic Manhattan skyline. This 50 pay-line game is home to symbols depicting top hats and cigars, alongside the banker’s wife and dog, which must all form matching combinations to award a win.

Push Gaming adds to hit series with Fat Banker

 

Kalamba Games has launched Goblins & Gemstones: Hit ‘n’ Roll, an enhanced version of one of its most popular titles, with the new iteration including new mechanics and features. The slot delivers fans of the original game a higher max win and upgraded volatility along with numerous gameplay enhancements, the highlight being the addition of the new Hit ‘n’ Roll wheel mechanic.

Kalamba Games upgrades fan favourite title in Goblins & Gemstones: Hit ‘n’ Roll

 

Evoplay has announced the launch of its latest slot, The Greatest Catch, which follows the footsteps of an elderly fisherman named Harry as he scours the pond for big wins. The fishing veteran spends most of his time snoring away in his wooden boat, surrounded by water lilies and the croaking of frogs. Occasionally, Harry will hook himself an impressive catch, relying on the assistance of players to help reel it in.

Evoplay provides the bait for The Greatest Catch

 

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