Tista’ taqra bil-
Malti.
Around 120 people are set to be made redundant in Malta after gambling operator Aristocrat Interactive announced that it is shutting down all of its white label operations around the globe.
White labelling – a product produced by one company but rebranded and marketed by another – is a common practice in online gambling, and Malta has long been a hub for white-label operators which receive licences from its gambling regulator, the Malta Gaming Authority.
But Aristocrat Interactive has chosen to exit the white label gambling market altogether after reportedly concluding that it was not central to its plans, and keep its staff closer to its main operations. The exit is set to take place at the end of June.
All staff in Malta will thus be made redundant: approximately 120 people, anti-money laundering manager Ambra Battiston said on LinkedIn.
In its reaction to the news, GamingMalta, a foundation established by the government and the MGA to promote Malta as an online gambling centre, sought to suggest that the redundancies would easily be addressed.
“We have confirmation of approximately 1,200 open vacancies with Malta Gaming Authority licensees, besides additional openings with other ancillary companies not operating with an MGA license,” it said.
These figures, it said, provided peace of mind that Malta’s online gambling sector “remains one of the country’s strongest and most resilient economic pillars, supported by a mature regulatory framework under the Malta Gaming Authority and a highly skilled workforce.”
In similar fashion, Battiston stressed that the people being made redundant were ready and willing to bring their knowledge and skillset to other firms.
GamingMalta said that it was committed to fully support the affected individuals, and encouraged companies seeking experienced workers to engage with it.
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