In financial markets, companies employ various strategies to enhance shareholder value and optimize their capital structure. One such approach is the implementation of share buyback programs. Kambi Group plc, a prominent player in the industry, recently undertook a share buyback initiative within the framework approved at the Extraordinary General Meeting held on 19 June 2023....
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Finance News, NEWS Malta
December 27, 2023
Malta’s Economic Renaissance
In the aftermath of the global pandemic, nations worldwide find themselves at a pivotal juncture in the competitive landscape of foreign direct investment. Malta, a small but strategically positioned player,...
Finance News, iGaming News
December 21, 2023
GiG’s Acquisition of KaFe Rocks
Gaming Innovation Group Inc. (GiG) proudly announces the successful completion of its acquisition of KaFe Rocks Ltd., a prominent affiliate leader in the iGaming industry. This strategic maneuver positions GiG's...
Finance News, iGaming News
December 20, 2023
MGA’s H1 2023 Gaming Report for Malta
The Malta Gaming Authority (MGA) has recently disclosed its Interim Performance Report for the first half of 2023, offering a comprehensive overview of its accomplishments and shedding light on the...
Finance News, iGaming News
December 19, 2023
Surging Waves of Spain’s iGaming Market
The iGaming market in Spain has witnessed substantial growth, reporting a noteworthy year-on-year surge in the first three quarters of the year. Despite a slight dip in activity compared to...
Business News, Finance News
December 18, 2023
XLMedia’s Share Price Plunge
XLMedia, a prominent affiliate marketing group, witnessed a drastic drop in its share price, reaching a record low. The company announced that its revenue projections for the year 2023 are...
Finance News, iGaming News
December 18, 2023
The Revival of the Belgian Gaming Sector
Belgium's gaming sector is experiencing a remarkable resurgence, as indicated by the latest report from the Belgian Gaming Commission. The data reveals a notable recovery in the land-based gaming sector,...
Finance News, iGaming News
December 13, 2023
Kambi Group Share Repurchase Program
In a move aimed at creating added value for its shareholders and fortifying its capital structure, Kambi Group plc has executed a share buyback program. The initiative, approved during an...
Finance News, iGaming News
December 12, 2023
EEG’s Future Growth Plans
Esports Entertainment Group (EEG), a prominent player in the esports industry, has recently announced the suspension of its monthly cash dividend on the outstanding 10% Series A cumulative redeemable convertible...
Finance News, NEWS Malta
November 30, 2023
Malta’s Tariff System on Groundwater
The Maltese government is set to introduce a revolutionary tariff system on groundwater abstraction through boreholes, accompanied by substantial incentives for users transitioning to more sustainable water sources. Despite persistent...
Finance News, NEWS Malta
November 28, 2023
Public Sector Workers COLA Boost
In a move toward equitable compensation, public sector workers are set to benefit from a €6.41 weekly increase to bridge the gap between their collective agreements and the full Cost...
Finance News, NEWS Malta
November 27, 2023
Malta’s Escalating Debt Crisis
The economic landscape of Malta has been cast into a shadow of uncertainty as the nation grapples with a burgeoning debt crisis. As of October's conclusion, the debt has snowballed...
Finance News, NEWS Malta
November 24, 2023
Malta’s Debt Edges Closer to €10 Billion
In a recent announcement by the National Statistics Office (NSO), Malta's Central Government debt reached €9,680.9 million at the end of October 2023. This marks a substantial increase of €942.9...
Finance News, NEWS Malta
November 22, 2023
EU Urges Malta to Reevaluate Energy Support
The European Commission has extended an invitation to Malta, urging the country to phase out its existing energy support measures. The move is in response to concerns over Malta's government...
Finance News, iGaming News
November 21, 2023
WowPot!™ Jackpot Hits €40M Record
Games Global has once again taken center stage with its WowPot!™ jackpot surpassing an impressive €40 million. This monumental achievement has sent ripples of excitement throughout the industry, with anticipations...
Finance News, iGaming News
November 20, 2023
June’s Journey Hits $1 Billion Milestone
Wooga's Berlin-based studio proudly announces that their flagship game, June’s Journey®, has soared to an extraordinary $1 billion USD in lifetime gross revenue. Not only does June’s Journey stand as...
Finance News, NEWS Malta
November 19, 2023
Budget 2024: Impact on Malta’s Middle Class
In the aftermath of the recent budget announcement, a contentious debate has emerged regarding its impact on the middle class in Malta and Gozo. While the Opposition argues a disregard...
Business News, Finance News
November 8, 2023
GiG Celebrates Remarkable Q3-2023 Results
Petter Nylander, the Chairman of Gaming Innovation Group (GiG), expressed his delight in sharing the astounding Q3-2023 results. GiG is relentlessly pursuing its mission to become a world leader in...
Finance News, NEWS Malta
November 7, 2023
Air Malta’s Early Retirement Financial Burden
The government of Malta is grappling with the financial burden imposed by the early retirement schemes for Air Malta employees, which are projected to cost an astonishing €92.5 million in...
Finance News, NEWS Malta
November 7, 2023
Malta Budget 2024
The Malta Budget 2024 was unveiled in Parliament on October 30, 2023, by the Minister for Finance and Employment. This annual fiscal plan outlines various proposals that, upon approval by...
Finance News, NEWS Malta
October 27, 2023
Malta – €52 Million Deficit in 2023
The National Statistics Office (NSO) recently released financial data for the period spanning from January to September 2023. The figures unveiled a deficit of €52 million, marking a concerning trend...
Banking, Finance News
October 26, 2023
NDSF Nominee Faces Regulatory Hurdles
One of the two nominees appointed by the National Development and Social Fund (NDSF) to the bank's board has faced regulatory obstacles. Dr. John Bonello secured regulatory approval for his...
Finance News, NEWS Malta
October 24, 2023
Malta’s Cost of Living Adjustment for 2024
Malta's Finance Minister, Clyde Caruana, unveiled the eagerly anticipated cost of living adjustment (COLA) for 2024. During a business breakfast organized by Times of Malta, he addressed a range of...
Finance News, NEWS Malta
October 24, 2023
A Closer Look at Malta’s Inflation Challenge
In recent times, the Maltese economy has been facing significant challenges, with inflation being a prominent concern. The annual inflation rate, as measured by the Retail Price Index (RPI), witnessed...
Finance News, iGaming News
October 19, 2023
888 Holdings Q3 2023 Trading Update
888 Holdings, a global leader in the betting and gaming industry, boasting iconic brands such as William Hill, 888, and Mr. Green, has released its trading update for the third...
Finance News, Taxation
October 17, 2023
Malta Chamber of Commerce’s Inflation Concerns
In the face of rising inflation, the Malta Chamber of Commerce has called on the government to reconsider its strategy, deeming the current approach potentially disastrous. They argue that the...
Finance News, iGaming News
September 29, 2023
LEC Launches Sporting Financial Regulations
In a significant move aimed at ensuring the long-term financial stability and competitive equilibrium of the League of Legends European Championship (LEC), the league is gearing up to unveil a...