Charles Mizzi, CEO of the Malta Gaming Authority, addressed the SiGMA Europe audience today with a message about the importance of collective vision and decisive actions in shaping Malta’s gaming sector. He emphasized that Malta stands at a pivotal moment where the decisions made today will profoundly impact the future, determining the sector’s readiness for upcoming challenges and opportunities.
“Our collective vision and decisions will determine how well prepared we are for the challenges and opportunities of the future.”
Balancing sustainability with growth
Mizzi highlighted that the key to the long-term sustainability of Malta’s gaming sector lies in achieving balance. He stressed that Malta’s gaming industry has thrived by cultivating an ecosystem where regulation and innovation coexist, building a jurisdiction that’s both trusted and attractive to some of the world’s most successful operators.
“The key to the long-term sustainability of Malta′s gaming sector is balance. Balance between continuity and innovation, regulation and growth, and ultimately, sustainable progress and industry stability,” emphasised Mizzi.
Innovation and adaptability: Key to retaining Malta’s edge
Malta was one of the first movers in regulating gaming, setting up an ecosystem that has earned a respected global reputation. However, Mizzi warned that the industry cannot remain static if it wants to retain its competitive edge. Enhancing regulatory resilience, streamlining licensing processes, and providing stability and clarity for operators are all essential steps to foster an attractive, transparent jurisdiction that aligns with global business standards.
Mizzi outlined that the MGA’s approach to innovation includes a tech-neutral stance, a commitment to monitoring trends, and collaboration with experts to anticipate future demands. The MGA’s ability to adapt quickly to emerging challenges will ensure Malta continues to offer a strong, flexible regulatory framework.
Leading the way with emerging technologies
The MGA has pioneered the integration of innovative technologies within the gaming sector, including early adoption of crypto payments, blockchain applications, and smart contracts. Mizzi emphasized that the adoption of new technologies isn’t just an option; it’s a necessity for Malta to stay ahead. By addressing potential risks early and evolving as technology progresses, Malta’s gaming sector has established itself as a leader rather than responding to perceived threats.
The Growing Importance of ESG in Malta’s gaming industry
Mizzi underscored that environmental, social, and governance (ESG) considerations are shaping the future of Malta’s gaming industry. ESG practices are now central to the sector’s long-term resilience, moving beyond mere regulatory compliance. He explained that by proactively addressing ESG, companies can reduce risks, establish a strong foundation for growth, and enhance their market reputation. Younger consumers, in particular, value responsible business practices, making ESG a key driver for attracting investment and fostering trust across the industry.
To support this, the MGA has invited companies to submit ESG disclosures under a new code of good practice. This strategic roadmap includes a tiered approach to ESG standards, with a foundational “Tier 1” and an aspirational “Tier 2” for more experienced operators. Recently, the MGA awarded its first voluntary ESG Code of Good Practice approval to 14 licensees, furthering Malta’s reputation for responsible, transparent business practices.
Outreach and Engagement through MGA Reach
As part of its efforts to build an inclusive and resilient gaming sector, the MGA has launched initiatives like MGA Reach, aimed at fostering engagement and knowledge sharing within the industry. Through collaboration and ongoing dialogue with stakeholders, Mizzi emphasized that the MGA is committed to leading Malta’s gaming industry into a sustainable, innovative, and globally competitive future.
In conclusion, Mizzi’s keynote conveyed a strong vision for Malta as an attractive and forward-thinking gaming jurisdiction. With balanced regulation, innovation, and a commitment to ESG, Malta is well-positioned to face future challenges and continue as a leading hub in the global gaming landscape.
The keynote was part of the Regulatory and Compliance portion of the conference, which is supported by WH Partners.
