Cuschieri To Step Down From Malta Gaming Authority

Will serve as CEO of Malta Financial Services Authority in newly created role

According to the Sunday Times of Malta, Joseph Cuschieri, chairman and executive chief officer of the Malta Gaming Authority (MGA), will leave the authority to serve as chief executive officer of the Malta Financial Services Authority (MFSA), a new role created by the Office of the Prime Minister.

Cuschieri, who has reportedly been eyeing the position for an extended time, will take over from Professor Joe Bannister who has reportedly faced numerous public calls for his removal.

While an amendment that would ratify the CEO position at the MFSA still needs to be approved by Parliament, the Sunday Times of Malta expects Cuschieri’s right hand man Heathcliff Farrugia to head the MGA following Cuschieri’s departure.