MGA Reports Significant 5.3% Revenue Decline in 2020, Impacting Finance Sector

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The gaming industry contributed €924m to the economy in 2020, a decrease of 40.8% from 2019’s contribution of €1.56bn.

The total revenue of the Authority in 2020 was €77.3m, a drop of 5.3% from the previous year’s revenue of €81.7m.

The revenue from Authority fees included €8.4m in licence fees, up 4.1% year-on-year, and €295,000 in application fees, down 38.2%.

Other sources of revenue brought in €3.5m, a significant increase from the previous year’s total.

Gaming companies’ compliance contributions and levies generated the majority of the revenue, amounting to €65.0m, a 10.0% decrease from the previous year.

The expenses of the regulator included €7.2m in staff costs, €1.1m in depreciation and amortisation, and €1.0m in contributions to other entities.

The operating revenue of the regulator after expenses was €65.2m, a decrease of 4.7% compared to the previous year.

The number of gaming machines in licensed casinos fell from 954 in 2019 to 909 in 2020.

A total of 387 gaming licenses were issued in 2020, with 82.1% of them being for remote gambling.

The MGA issued 69 warnings, suspended 3 licenses, and cancelled 12 licenses in 2020.

The MGA conducted 1,475 criminal probity screening checks in 2020, an increase of 13.5% compared to the previous year.

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Travis Chang is a highly respected writer with a deep-seated passion for gambling and online gaming. With over a decade of experience in the industry, Travis has carved out a reputation for his insightful and well-researched content on casinos, sports betting, poker, and emerging trends in online gambling. His writing is celebrated for its clarity, depth, and ability to make complex subjects accessible and engaging for a wide audience. Travis's articles provide readers with in-depth reviews, expert strategies, and the latest industry developments, empowering them to make informed decisions and enhance their gaming experiences.
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