Published
Land-BasedLotteryLegal & RegulatoryIndustry

MGA reviews Malta’s Fiscal Receipts Lottery

The Malta Gaming Authority (MGA) has conducted a review of the island nation’s VAT or Fiscal Receipts Lottery.

malta gaming authority lottery fiscal report gambling insider

The Malta Gaming Authority (MGA) has conducted a review of the island nation’s VAT or Fiscal Receipts Lottery.

This involves the draw of fiscal receipts, sent by members of the public to Malta’s Ministry for Finance and Employment.

Under Maltese law, this lottery is not traditionally subject to MGA oversight, but in this case, the regulator has lent its expertise to help maintain “fair and transparent proceedings.”

Inspections were carried out, and the MGA noted that safeguards are already in place as part of the lottery’s current standard operating procedures.

To this end, the MGA provided a comprehensive breakdown of the lottery’s entire process from collection to selection.

Receipts, when received, are first placed in containers, which are then poured into an ‘urn’ that is turned once “a fixed number of containers is reached, and the urn is filled.”

At this point, the power switch used to rotate the urn is locked with a numbered seal, disabling any movement and preventing any external interference.

This process is photographed, and the photo subsequently sent to Malta’s Commissioner for Revenue (CFR) department.

The numbered seal is only cut in the presence of the board members responsible for the draw. These include representatives from the CFR department, the Ministry for Finance and Employment and the National Audit Office, as well as a member of the public.

The individual then responsible for drawing receipts is chosen by the Ministry for Finance and Employment, and changes with every draw. Once the draw is over, all remaining receipts are disposed of.

The MGA said it has conducted an “in-depth assessment” to identify any “gaps” or “potential issues.” While the regulator did not outline any specific recommendations, it said they have been “submitted and discussed together with the Ministry for Finance and Employment.”

Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium
 
 
 
Premium Connections
The Global Gaming Awards are the most trusted and prestigious Awards in the gaming industry, recognising and rewarding the strongest performers across the previous 12 months.
25 Sep 2022

Global Gaming Awards Las Vegas 2022: Full Shortlist revealed

Gambling Insider and Gaming America are delighted to share the Shortlist for the 2022 Global Gaming Awards Las Vegas.

Life after M&A

Pariplay CCO Enrico Bradamante speaks to the GI Huddle about...

Global Gaming Awards Asia 2022: Winners revealed

The winners of the inaugural Global Gaming Awards Asia have...

Coming to America

Interblock Global CEO John Connelly speaks to Gambling Insid...

The supplier story so far

Gambling Insider speaks with leading executives from Relax G...

Read Magazine