CSB Group and Zammit & Associates Advocates exhibit at the IGE 2010
Maltese service providers promote Malta as an established and well-regulated European gaming jurisdiction.
PR9.NET February 16, 2010 - Swatar, Malta – 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.
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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.
About CSB Group
CSB Group (est. 1987) is an inter-disciplinary provider of a spectrum of specialised business services, foremost amongst which are company incorporation & management services, and assistance with regulatory requirements in various sectors. CSB Group's services include assisting clients with: incorporation of Maltese and Foreign companies; obtaining remote gaming licenses from the Lotteries and Gaming Authority in Malta; obtaining of investment services and other financial services licences from the Malta Financial Services Authority; yacht and ship registration under the Malta flag and mortgages registered thereon; business consultancy; company directorship & management services; trustee and fiduciary services; back office support and administration; bank account opening; accounting and payroll services; relocation assistance; residence- and work- permit applications; recruitment services.
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