The recent relocation of a gaming company from Gibraltar to Malta comes as a proof of the outstanding reputation Malta has as an igaming destination. According to Economy Minister, Chris Cardona, Malta’s igaming community is thriving and that is why the country seeks to become the largest operational network for igaming companies in the European Union. The Economy Minister also declared the Government is very committed in further helping the igaming industry to develop.
At the beginning of February, The Maltese Economy Minister, Chris Cardona, launched a new program called Venture Capital Malta (VC-MT). It is a joint initiative between the governmental organization Malta Enterprise and Malta Investment Management Company Limited (Mimcol) and the support of financial service providers in the private sector. Venture Capital Malta’s aim is to create a platform that would help start-up companies in Malta.
At the end of February, credit rating agency Fitch Ratings affirmed Malta’s long-term foreign and local currency issuer rating is “A” and also provisioned a stable outlook for the near future. Malta’s senior unsecured foreign and local currencies have also been rated “A”. Fitch Ratings also rated “AAA” Malta’s short-term foreign currency IDR “F1”.