CSB Group and Zammit & Associates Advocates exhibit at the IGE 2010
Released
on: February 16, 2010, 3:57 am
Author:
CSB Group
Industry: Financial
CSB Group and Zammit & Associates - Advocates participated in
the International Gaming Expo 2010, held at Earls Court in London
between the 26th and 28th January, represented by Mr. Michael J Zammit
- CSB Group CEO; Dr. Andrew J Zammit – Managing Partner of Zammit &
Associates – Advocates; and Mr. Keith Kerr – CSB Group iGaming and
Corporate Services Executive. The team expressed satisfaction from the
continued interest from major international gaming operators in Malta
as a hub for the regulation and operation of their gaming activities.
As one of the leading corporate service providers in Malta, CSB Group has now been
involved in Malta’s iGaming industry since its inception. Mr. Zammit emphasised the
importance of major exhibitions like the IGE 2010, as they provide Maltese service
providers the opportunity of promoting Malta as an established and well regulated
European gaming jurisdiction to a high-calibre, international audience. Apart from
assisting gaming operators with the submission and pursuance of their gaming licence
application with the Lotteries and Gaming Authority (LGA), the Group assists the
gaming operators relocating to Malta with other key services like recruitment. More
than 2,500 people work directly in the iGaming industry in Malta with half of that
number being Maltese nationals. CSB Group’s recruitment unit ensures that gaming
operators relocating to Malta find the right people to fit their requirements and
culture.
This year’s IGE 2010 was a huge success attracting over 20,000 visitors with over
250 companies showcasing their products and services. CSB Group is proud to have
been part of the exhibitors present and Mr. Zammit expressed the intention of the
Group to continue participating and exhibiting in major events like the IGE to
further develop its business and maintain Malta’s good reputation as a centreer for
excellence in the professional service industry.
Dr. Andrew J. Zammit, speaking on behalf of Zammit & Associates – Advocates, also
expressed his satisfaction with the opportunities presented at the London expo. “As
one of the main events on the iGaming calendar, IGE 2010 was an ideal platform to
promote our legal services and meet with prospective clients showing interest in
relocating their business to Malta”, he said. He was pleased to note the strong
participation of Maltese service providers at the expo, from several industries
involved in supporting the remote gaming industry. However, he expressed concern
that whilst the private sector continues to make significant investment in
attracting operators to bring distinct components of their business to Malta, there
does not appear to be a corresponding effort being made at the highest levels of the
Maltese Government.
He indicated that there is a perceived lack of pro-active participation by the
Government on the European plane to defend Malta’s position as a European remote
gaming hub and to develop suitable policies and regulatory guidance to accommodate
changing requirements in a fast-moving industry. “If Malta is to retain its position
as the leading remote gaming jurisdiction within the EU, the Maltese Government must
be able to effectively address the significant challenges presented by the need to
dovetail Malta’s regulatory regime with other jurisdictions as a result of the
increased internationalisation of remote gaming networks, revise regulatory policies
in the light of opportunities presented by new technologies and changing business
models, and stave off increased pressure from other EU Member States seeking to
impede the freedom of movement of services for what appear to be the wrong reasons.
Admittedly, addressing each of these challenges is a significant task and requires
careful attention if Malta’s credibility as a reputable regulatory jurisdiction is
to be preserved. However, it is certainly not realistic to expect the Gaming
Authority to deal with all of these developments, in addition to performing its
day-to-day regulatory functions, without increasing its current staff complement and
involving industry stakeholders and independent external consultants with a view to
establishing rigid time-frames within which new policies are developed. If
complacency and procrastination become order-of-the-day, there is a real risk that
this industry will dissipate from our island” he said.
He concluded by adding that Maltese professionals have earned a very good name for
the level of service provided to these international operators basing significant
parts of their business in Malta and that Zammit & Associates- Advocates will
certainly be attending IGE 2011 in the hope that in the course of 2010 appropriate
regulatory policies will be published by the Authority with the support of the
Government with industry requirements being kept clearly in mind.
About CSB Group
Set up in 1987, CSB Group offers a real one stop shop solution to clients wishing to
set up or relocate their business to Malta. With all services available under one
roof, today the Group has expanded its operations offering Corporate Trustee &
Fiduciary Services, Accounting & Payroll services, ship & yacht registration;
licensing of iGaming and financial services activities; regulatory & management
consultancy; industrial property registration; personnel recruitment; re-location &
residency;
About Zammit & Associates - Advocates
Zammit & Associates - Advocates, a Law Firm which is associated with the CSB Group,
focuses on the areas of Company and Commercial law, Investment Services Law,
e-Commerce Law, Employment Law, Captive Insurance, Vessel Registration and Finance,
Intellectual Property, Immovable Property Law and Gaming Law.
Contact Details: The Penthouse
Tower Business Centre
Tower street
Swatar BKR 3013
Malta
00356 25572557
http://www.csbgroup.com
http://www.zammit-law.com
2025
