In the past week, Malta International Airport plc released its interim financial results as of June 30. Given the significant impact of severe COVID disruptions in 2020, 2021, and 2022 on the airline and hospitality industry, the performance of the airport operator and companies in the hospitality and leisure sectors should be compared to 2019 levels to gauge the extent of this year's recovery....
Continue Reading
Business News, iGaming News
August 10, 2023
Affili8 Partners with Lance! Betting
In a notable move, UK-based affiliate firm Affili8, operating under its iGaming Agency name, has struck a strategic deal with the prominent Brazilian sportsbook, Lance! Betting. This collaboration is set...
Business News, iGaming News
August 10, 2023
Grosvenor Casino Partners with 20SHOTS
As the Premier League gears up for its exciting return this weekend, Grosvenor Casino has taken a strategic step to elevate its sports offerings by teaming up with 20SHOTS. The...
Business News, iGaming News
August 10, 2023
DoubleDown CEO: Opportunities and Challenges in the iGaming Sector
Exploring the insights shared by DoubleDown Interactive's CEO, Keuk Kim, amidst Q2 revenue fluctuations. DoubleDown Q2 In a dynamic iGaming landscape, DoubleDown Q2 revenue witnessed a 6.7% decline to $75.2...
Business News, iGaming News
August 10, 2023
Galaxsys expands Presence with Certified Games in the Swiss Market
In an exciting development for the gaming world, Galaxsys has revealed that several titles from its gaming portfolio have now been certified and are available for players to enjoy in...
Banking, Business News
August 9, 2023
Government Guarantee for Electrogas
In a recent parliamentary committee hearing, former Finance Ministry Permanent Secretary Alfred Camilleri shed light on the €360 million government guarantee provided to the Electrogas consortium. This guarantee was deemed...
Business News, iGaming News
August 9, 2023
Hacksaw Gaming Makes its US Debut with RSI
The world of iGaming is undergoing a significant transformation as Hacksaw Gaming enters the US market with a splash. The partnership with Rush Street Interactive (RSI) paves the way for...
Business News, iGaming News
August 9, 2023
GG.Bet Obtains Licenses for Operation in Ukraine
The renowned E-sports bookmaker GG.Bet has successfully secured licenses to operate both betting services and online casinos in Ukraine. These licenses were granted by the esteemed Commission for Regulation of...
Banking, Business News
August 8, 2023
BNF Bank Reports Positive Performance in H1 2023
In a dynamic market landscape, BNF Bank has emerged as a shining example of resilience and growth, marking a positive financial performance in the first half of 2023. Net interest...
Banking, Business News, NEWS Malta
August 8, 2023
Church in Malta Reports €8.8 Million Deficit
In the year 2022, the Archdiocese of Malta faced a financial challenge, registering a deficit of €8.79 million. This deficit was a result of a tumultuous year for investments, driven...
Business News, NEWS Malta, Taxation
August 8, 2023
Putin Suspends Tax Treaties with Malta
In a significant development, Russian President Vladimir Putin has taken a bold step by signing a decree that suspends Russia’s double taxation agreements with what he refers to as “unfriendly...
Business News, NEWS Malta
August 8, 2023
Minister Vows ‘Gradual’ Changes to Rectify Pre-1962 Pension Disparity
In an effort to address the disparities in the pension system affecting individuals born before 1962, Social Policy Minister Michael Falzon announced on Tuesday that the government is planning a...
Business News, NEWS Malta
August 7, 2023
Air Malta Chairman’s Contract Faces EU Scrutiny
In a significant development, a consultancy contract awarded to David Curmi by Finance Minister Clyde Caruana, worth a substantial €774,000 over three years, has raised concerns of a potential breach...
Business News
August 7, 2023
Siemens Energy Faces Challenges Amid Technical Woes
Siemens Energy, a prominent player in the energy industry, finds itself grappling with significant challenges as it reports a substantial net loss in its third-quarter financial results. The company's financial...
Business News
August 7, 2023
RE/MAX Malta Introduces AI Search Functionality
In a groundbreaking move, RE/MAX Malta has become the pioneer in the real estate industry by launching an AI-powered search functionality on its website, www.remax-malta.com. This innovative feature revolutionizes property...
Business News, NEWS Malta
August 7, 2023
IWG (Regus) Unveils Cutting-Edge Office Space in Portomaso
In response to the surging demand for hybrid working solutions, IWG, the global leader in flexible workspace offerings under brands like Spaces and Regus, has recently inaugurated a state-of-the-art flexible...
Banking, Business News
August 2, 2023
FinanceMalta secures speakers for Annual Conference
As the excitement builds for the upcoming FinanceMalta 16th Annual Conference, the organizers have been working tirelessly to assemble a lineup of esteemed local and international speakers who will delve...
Business News, NEWS Malta
July 30, 2023
MFSA Embarks on the Metaverse Journey
In a recent development, the MFSA's Financial Supervisors Academy (FSA) orchestrated a workshop that delved deep into the transformative world of Web 3 and Metaverse technology. The event shed light...
Business News, Laws
July 27, 2023
The New Insolvency Practitioners Act, 2022
In the ever-evolving landscape of company insolvency, a significant reform took center stage in December 2022. The Insolvency Practitioners Act, 2022 (Act No. XXV of 2022) marked a pivotal development....
Accounting, Business News, NEWS Malta
July 26, 2023
PwC Malta’s Continued Growth and New Leadership
PwC Malta, a prominent player in the professional services industry, has recently made significant new appointments that underscore the firm's ongoing growth and commitment to delivering excellence.
Business News, NEWS Malta
July 26, 2023
GO Announces Corporate Sponsorship Agreement
GO, a leading telecommunications company, has recently finalized a significant corporate sponsorship agreement with the Chamber of Engineers. This partnership marks a new era of collaboration, focusing on the enhancement...
Business News, NEWS Malta
July 25, 2023
Mastercard and FinanceMalta Collaborate
In the dynamic realm of finance and technology, Mastercard stands as a global leader, continuously seeking avenues to innovate and foster growth. In alignment with its commitment, Mastercard has set...
Business News, NEWS Malta
July 25, 2023
TradeMalta Launches HSBC-Backed Go Global Program
TradeMalta, in partnership with HSBC, has proudly unveiled its annual initiative, the Go Global: Internationalisation and Export Management program. This exciting venture is crafted to equip businesses based in Malta...
Business News, Tourism
July 6, 2023
Air Malta: Chairman’s Contract Under Wraps
Air Malta, the national carrier of Malta, has been in the spotlight recently due to allegations of discrimination and lack of transparency surrounding the chairman's contract. Former employees are claiming...
Business News
July 5, 2023
Transport Malta’s Controversial RHIB Tender
In a recent development, the Opposition has demanded an independent internal investigation into Transport Malta's tender for the purchase of five rigged-hulled inflatable boats (RHIBs). The call comes after an...
Accounting, Banking, Business News, Taxation
July 4, 2023
The Pandora Papers: Hesse Takes a Stand Against Hidden Wealth
The Pandora Papers, a groundbreaking leak of offshore data, has brought to light the vast network of secrecy surrounding the hidden wealth of some of the world's wealthiest and most...
Accounting, Business News
May 25, 2023
Understanding Audit Requirements in Malta
In Malta, businesses are required to comply with a range of audit requirements to ensure that their financial statements are accurate and reliable. These requirements include conducting an annual audit,...