PwC recognises the importance of the industry to the economy of Malta and supports the concept that good governance and regulation is the solution to protecting players and particularly vulnerable groups. History has shown that protectionism generally serves the unscrupulous more than the righteous.
The industry is in a trail-blazing stage and we expect further evolution. The continued growth of online and mobile channels has led to many European jurisdictions regulating or re-regulating gaming legislation. Operators are under continued pressure to continually attract and retain talent in what has become a very competitive environment. The increased cost of compliance, tax and technology are other areas causing pressures on operators. Such pressures have led to operators looking to scale up. 2015 and 2016 saw some of the larger mergers and acquisitions in the gaming industry in recent years. We expect merger and activity to continue going forward as operators seek opportunities to grow as markets become more competitive.