The Malta Gaming Authority (MGA) has announced that Carl Brincat is to step down as chief executive when his term ends in January.
Brincat, who has served as CEO of the Malta regulator since January 2021, will now no longer peep renewal of his fresh contract. He will formally step down on 25 January when his tenure concludes.
The MGA will launch a public demand functions to change Brincat, with the aim of confirming a change earlier than Brincat’s exit. The generous applicant will shadow Brincat for a sequence of week before taking on the day after he departs.
“Carl has made huge contributions to the MGA and to the gaming business in Malta,” MGA chairperson Ryan Tempo acknowledged. “We’re assured in, and in actuality grateful for, the worthy basis he leaves in the aid of as we continue to pursue the MGA’s strategic targets
Brincat: sophisticated decision to leave MGA
Sooner than changing into CEO, Brincat served in a sequence of different roles inner the MGA, having joined the regulator in September. These positions included chief excellent and enforcement officer, chief excellent counsel and deputy overall counsel.
Brincat worked for Emmanuel Mallia & Friends Advocates before joining the MGA.
“Leaving the MGA is a in actuality onerous decision to earn,” Brincat acknowledged. “The previous nine years had been a rollercoaster of experiences which contributed to the person I am nowadays. It has been a privilege to lead the Authority for the previous three years.
“Having a seek for aid, I am proud of the work now we earn done together, and of the extremely motivated team that surrounds me on the Authority.
“I look forward to persevering with to bring our commitments over my supreme few months and earn absolute self assurance that my successor will procure that the graceful team on the MGA can back him or her continue to pressure development extra.
“I will not wait to hunt for what the future holds for the Authority.”
Malta regulator takes circulation against Arabmillionaire
Confirmation of Brincat’s exit comes after the MGA cancelled the B2C gaming licence of Arabmillionaire. This got right here following the catch operator breaching a sequence of regulations.
Arabmillionaire used to be first spoken to over the inform of affairs in August of 2022. Flagged disorders included failing to conform with MGA orders, entire regulatory tasks and paying licence charges.
The operator asked for its licence be frozen, with the MGA suspending Arabmillionaire so it might well maybe rectify these disorders.
Alternatively, the MGA says despite being given mammoth time, Arabmillionaire has failed to rectify its disorders or cooperate with the Authority. The MGA also says makes an are attempting to communicate with the operator had been rendered futile and breaches earn continued.
This led to the licence being cancelled.
