Brincat, who has served as CEO of the Malta regulator since January 2021, will not seek renewal of his current contract. He will officially step down on 25 January when his tenure concludes.
The MGA will launch a public call for applications to replace Brincat, with the aim of confirming a replacement ahead of Brincat’s exit. The successful applicant will shadow Brincat for a number of weeks before taking over on the day following his departure.
“Carl has made extensive contributions to the MGA and to the gaming industry in Malta,” MGA chairperson Ryan Pace said. “We are confident in, and very thankful for, the strong foundation he leaves behind as we continue to pursue the MGA’s strategic goals.”
Brincat: difficult decision to leave MGA
Prior to becoming CEO, Brincat served in a series of other roles within the MGA, having joined the regulator in September of 2014. These positions included chief legal and enforcement officer, chief legal counsel and deputy general counsel.
Brincat worked for Emmanuel Mallia & Associates Advocates before joining the MGA.
“Leaving the MGA is a very hard decision to make,” Brincat said. “The past nine years have been a rollercoaster of experiences which contributed to the person I am today. It has been a privilege to lead the Authority for the past three years.
“Looking back, I am proud of the work we have done together and of the highly motivated team that surrounds me at the Authority.
“I look forward to continuing to deliver our commitments over my final few months and have no doubt that my successor will find that the fantastic team at the MGA can help him or her continue to drive improvement further.
“I cannot wait to see what the future holds for the Authority.”
Malta regulator takes action against Arabmillionaire
Confirmation of Brincat’s exit comes after the MGA cancelled the B2C gaming licence of Arabmillionaire. This came following the online operator breaching a number of regulations.
Arabmillionaire was first spoken to over the issue in August of 2022. Flagged issues included failing to comply with MGA orders, failing to complete regulatory obligations and failing to pay licence fees.
The operator asked for its licence be frozen, with the MGA suspending Arabmillionaire so it could rectify these issues.
However, the MGA says, despite being given ample time, Arabmillionaire has failed to rectify its issues or cooperate with the Authority. The MGA also says attempts to communicate with the operator have been rendered futile and breaches have continued.
This led to the licence being cancelled.