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 the iGaming industry, with a strong focus on its two core business areas: Media and Platform & Sportsbook. The third quarter of 2023 has witnessed a surge in growth and achievement that has set new benchmarks in the industry....
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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...
Finance News, NEWS Malta
September 27, 2023
Malta’s Economic Growth Forecast
Malta is poised to maintain a robust long-term economic growth trend of 4%, according to Finance Minister Clyde Caruana. Speaking during the launch of the public consultation for the government's...
Finance News, iGaming News
September 26, 2023
Entain Plc: 2023 Net Gaming Revenue Forecast
Entain Plc (OTC: GMVHY) finds itself among the day's underperforming gambling stocks, with Ladbrokes' owner disclosing a less-than-rosy 2023 Net Gaming Revenue (NGR) forecast. The culprit? A slump in the...
Finance News, Taxation
September 21, 2023
Malta Could Raise €344 Million with Wealth Tax
A recent study conducted by the Greens/EFA Group in the European Parliament has revealed that Malta has the potential to generate an additional €344 million in revenue by implementing a...
Finance News, Laws
September 18, 2023
Malta’s Crypto Regulations Align with MiCA
Malta, known as the "Blockchain Island" for its early embrace of blockchain and cryptocurrency technologies, is once again at the forefront of regulatory changes in the European Union (EU). The...
Finance News, Laws
September 18, 2023
MGA Fuels Gambling Industry Growth
The Malta Gambling Authority (MGA) has been on a mission to transform Malta into an attractive destination for companies in the gambling industry. According to the Annual Report for 2022...
Finance News, NEWS Malta
September 11, 2023
Malta’s 2023 Budget and Inflation
In an address to the Malta Council for Economic and Social Development (MCESD) ahead of next year's budget, Finance Minister Clyde Caruana reassured the public that despite ongoing inflation challenges,...
Business News, Finance News
September 6, 2023
Retail Trade in Malta Surges by 3.5%
In a surprising turn of events, the retail trade sector in Malta has displayed remarkable resilience and growth, standing out as a beacon of hope amidst a challenging economic landscape....
Business News, Finance News
September 6, 2023
GO Empowers Malta with True Fibre Network
In a landmark announcement, GO, the leading telecommunications provider in Malta, has declared that a whopping 75% of households and 80% of businesses across the country can now bask in...
Banking, Finance News
September 6, 2023
Bank of Valletta Naxxar Branch Revamp
Bank of Valletta, one of Malta's leading financial institutions, has recently unveiled its revamped Naxxar Branch, signaling a significant milestone in its ongoing commitment to delivering top-tier customer service. The...
Finance News, NEWS Malta
September 5, 2023
PM Silence on Social Benefit Scandal
In a shocking turn of events, the Nationalist Party has raised serious questions about Prime Minister Robert Abela's silence following the revelation of a social benefit fraud scandal involving a...
Finance News, NEWS Malta
September 5, 2023
Malta’s GDP Surges by 3.9% in Q2 2023
Malta, the picturesque Mediterranean archipelago, is basking in economic success as it witnesses a remarkable surge in its Gross Domestic Product (GDP). The latest statistics, released by the National Statistics...
Banking, Finance News
September 4, 2023
MDB’s Website Revamp: Fueling Growth & Innovation
The Malta Development Bank (MDB) has taken a significant leap into the digital age with the launch of its newly designed website, now accessible at www.mdb.org.mt. This revamped online platform...
Finance News, NEWS Malta
September 4, 2023
Malta’s Economy: Q2 2023 GDP Growth
Malta, a picturesque Mediterranean island nation, continues to impress with its economic resilience. The provisional estimates for the second quarter of 2023 reveal a promising surge in the Gross Domestic...
Finance News, NEWS Malta
September 1, 2023
Transport Malta’s Direct Orders Breaks Record
In a span of just six months, Transport Malta has set a remarkable record with a staggering 387 direct orders, averaging three per day, and a jaw-dropping expenditure of €12...
Finance News, NEWS Malta
August 31, 2023
Melita Limited Invests €50 Million in Malta
In a bold move to revolutionize internet connectivity in Malta, Melita Limited has announced a substantial investment of €50 million over the next seven years to enhance its networks. This...
Finance News, NEWS Malta
August 30, 2023
Malta’s Vision for Economic Growth
In a recent interview on the Labour Party's media platform, Prime Minister Robert Abela expressed his thoughts on Malta's future economic growth. He highlighted the significance of quality in this...
Finance News, NEWS Malta
August 29, 2023
Positive Signs Amidst Economic Fluctuations
In the heart of the Mediterranean, Malta's economic pulse continues to beat steadily, showing resilience in the face of both global and regional challenges. The latest insights from the Central...