Over the past few years, and in particular, in recent weeks and months, the press has covered events, accusations and criminal charges being levied in Malta which have had a negative impact on the reputation of the iGaming industry by direct and indirect association.
A number of individuals in prominent political positions, as well as senior officials at key industry regulators have been implicated in crimes and/or have been accused of colluding with local business leaders.
The actions of the few are impacting negatively the second largest industry in Malta, which represents over 13% of the country’s GDP. These have resulted in higher costs, an increase in operational complexity, loss of business and substantial reputational damage.
The iGaming industry represented by iGEN remains committed to Malta, and to this effect:
- iGEN fully supports the efforts of the police and of the judiciary in investigating these reports and allegations, and stresses the need for clear and decisive action to ensure that justice is done and any guilty parties are prosecuted to the fullest extent of the law.
- iGEN sincerely wishes for a successful outcome of the ongoing MONEYVAL assessment.
iGEN condemns all acts of corruption, money laundering and fraud, and welcomes transparent and thorough investigations to eliminate all the individuals, companies and representatives from any position of influence.
‘We are satisfied to see that the relevant institutions have started to take decisive action against these claims, but much more remains to be done. Anyone who is or was involved in corruption and graft must be held accountable, and a clear message must be sent to demonstrate that the law applies to all without fear or favour’ states Enrico Bradamante, Chairman of iGEN.
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iGEN is an association of leading iGaming companies based in Malta and operating on the European and international markets. Our mission is to give the industry a common voice and to drive positive change in the environments we operate in.