The Malta Gaming Authority (MGA) has reported a 5.3% drop in revenue year-on-year in 2020 as it accounts for the effects of the novel coronavirus (Covid-19) pandemic.
The body also revealed that the gaming industry contributed an estimated €924m to the economy in 2020, a decrease of some 40.8% on the €1.56bn it contributed in 2019.
The Authority’s total revenue for the year was €77.3m, a 5.3% drop from €81.7m in 2019.
Authority fees brought in €12.2m of this figure, comprised of €8.4m in licence fees, up 4.1% year-on-year, and €295,000 in application fees, down 38.2%, while other revenue brought in €3.5m, a €2.7m increase from full-year 2019.
Gaming companies’ compliance contributions and levies brought in the bulk of revenue at €65.0m, down 10.0% year-on-year.
Administrative and other expenses came in at €12.0m, made up mostly of staff costs at €7.2m, while general administrative expenses made up a further €1.1m.
Depreciation and amortisation on property, plant and equipment an..