How the COVID-19 Pandemic has Impacted the Malta Gaming Industry

The Malta Gaming Authority (MGA) recently conducted a survey to determine the impact of the coronavirus pandemic on the country’s gaming industry. The global regulator took into consideration its licensed casino operators and carried out the survey via its Information and Research Unit, covering several aspects such as Gaming Revenue (GR), cost of operations and investments.

The MGA also considered prevailing industry concerns that have been triggered by the pandemic and the subsequent actions taken by the operators to handle the same. According to the reports gathered from the survey, it is projected that the B2C sector and operators involved in Type 2 (sports betting) games, in particular, have been the worst hit. The revenue for this sector has been estimated to be 40% less than what was earlier predicted in early 2020.

Meanwhile, operators are planning to postpone investment plans owing to the pandemic-borne uncertainties. The MGA will further continue to study the impact of the COVID-19 pandemic and conduct more surveys if needed. It is to be noted that the unleashed travel restrictions, limited movement and business activities as well as completely halted major events, which eventually led to a decline in gambling activities.

The key highlights of the aforementioned survey include the following:

An iGaming enthusiast that have worked with online casinos and betting since 2017. Ex-chief editor for a sport news outlet, Vincenzo is the stalwart of the team who dares to dream big. He knows content that could be a player’s ticket to a million bucks. A quiet achiever, he believes in working in silence and letting success make the noise. He is also the one who ensures everything in the team works the way it should. We can always bet our boots on that.