The highest financial penalty issued by MGA for provision of an unauthorised gaming service
The €2.34 million financial penalty issued by the MGA to Blackrock Media Limited, ‘a company’ which was operating illegally without the necessary authorisation, is a sure sign that our institutions are working and are being effective in their operations.
‘This is proof that our institutions work diligently, efficiently and effectively. It should be noted that this is the highest fine ever issued by the Malta Gaming Authority, which proves the credibility and seriousness the authority operates with, to safeguard the reputation of the Maltese jurisdiction in this field’, said Parliamentary Secretary for Financial Services, Digital Economy and Innovation Silvio Schembri.
Parliamentary Secretary Silvio Schembri emphasized that this result was possible through the professional work carried out by means of a joint collaboration between the Malta Gaming Authority and the Malta Police Force.
‘Such result is a clear proof of the Maltese government’s commitment in implementing the recommendations put forward last year in the MONEYVAL report and in strengthening the measures taken so far by the current administration. The gaming industry is an important element of our economy and we must continue to make sure that our jurisdiction will continue to raise the bar and retain the title as the home for gaming excellence. The Government is committed to continue nurturing this industry, which is set to continue growing in the coming years’, said Parliamentary Secretary Schembri.