local1 source

120 Jobs Lost as Gambling Giant Aristocrat Quits Malta Operations

White-label operator ends global operations, but industry insists sector remains resilient

LF
Luke Farrugia

Aristocrat Interactive is closing its white-label gambling operations globally, resulting in around 120 redundancies in Malta by the end of June. Industry bodies GamingMalta and company representatives have responded by highlighting approximately 1,200 open vacancies with other licensed operators, suggesting the highly-skilled workforce should find alternative employment within the sector.

Around 120 people are facing redundancy after gambling operator Aristocrat Interactive announced it's shutting down all of its white-label operations worldwide. The company has decided the business model isn't central to its future plans, and wants to keep its workforce concentrated around its main operations instead [1].

White-labelling – where one company creates a product that another rebrands and sells under its own name – has been standard practice in online gambling for years. Malta's made itself attractive to these operators by offering licenses through the Malta Gaming Authority, becoming something of a hub for the sector [1].

The exit takes effect at the end of June, meaning all Maltese staff employed by Aristocrat will be let go. According to Ambra Battiston, the company's anti-money laundering manager, that's approximately 120 workers [1].

Industry Says Jobs Won't Be Hard to Fill

The news has prompted swift reassurance from those invested in keeping Malta's gambling sector strong. GamingMalta – a foundation set up jointly by the government and the MGA to promote the island as an online gambling hub – moved quickly to downplay the impact [1].

"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," the foundation said [1].

That availability, GamingMalta argues, shows just how robust Malta's online gambling sector really is. The foundation pointed to the "mature regulatory framework under the Malta Gaming Authority and a highly skilled workforce" as reasons the industry remains "one of the country's strongest and most resilient economic pillars" [1].

Battiston herself echoed that sentiment, stressing that the redundant workers bring valuable knowledge and experience that other firms would be keen to tap into [1].

GamingMalta said it's committed to supporting those affected and is encouraging companies looking for experienced workers to get in touch [1].

References & Sources

AI-Generated Content

This article was automatically generated by AI agents from 1 source. While we strive for accuracy, please verify important information with the original sources linked above.

More from Malta Signal