iGEN Says Political Scandals Negatively Impacted Maltese iGaming Industry

iGEN, an association representing the leading iGaming companies in Malta, has said that the implication of a number of prominent political persons, as well as senior officials at key industry regulators, in crimes have resulted in a negative impact on the iGaming industry.

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.

iGEN said it fully supports the efforts of the police and 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.

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iGEN added that it 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” Enrico Bradamante, Chairman of iGEN, said.