“Innovation must be constant and ever-evolving,” Muscat elaborated – explaining how Malta has embraced the flourishing iGaming industry and its evolution in the last decade.
Muscat opened with a remark on the fast pace that SiGMA has developed and its impact on the industry, “SiGMA has grown steadily year after year. This reflects both the commitment of the people behind this franchise and the consistent growth of this sector, which nowadays has established itself as a very important driver in our economy.”
“Malta is a centre of excellence in this space. The digital gaming sector in 2018 is drastically different from the tech centre of a decade ago,” Muscat declared.
Muscat maintained that recent initiatives such as blockchain and AI not only complement the iGaming sphere but equip the industry with an edge which sets Malta apart from other jurisdictions.
Muscat reinforced the importance of the recently enacted regulatory framework and how it “will give the regulator more and better tools in terms of compliance and enforcement.”
Muscat discusses the prospects of the emerging tech trilogy that is iGaming, blockchain and AI. He added, “Malta has been a trailblazer in these sectors.” Furthermore, he stated, “Blockchain presents itself as an opportunity not only for our country in terms of investments and of course the direct impact in creating further quality jobs but also enhances the iGaming ecosystem. AI is also an area which we are very keen on.”
Muscat projected an interest in other sister areas such as the entertainment industry and the video gaming sector which mainly comprises of eSport events, game production and development, and game publishing.
Muscat concluded with a preview into the future of the industry, noting its success depended on a number of factors. Most importantly, he governed that the mindset of all involved was the leading attribute to its success.