Online casinos are extremely popular, and they attract new players daily. Something very interesting for us is that if you try to find more information about them you are destined to see the name – Malta, over and over. This little archipelago in the Mediterranean Sea, between Sicily and North Africa, is a global giant in the world of online gambling. If we were talking about tourism everything would be easy to understand, a sunny island, with beautiful beaches, rich history, and great food. What raises a couple of eyebrows is the fact that Malta is now a home for some, or maybe all, major players within the iGaming industry! So, we tried to find out why is that so.
Online Casinos and Laws in Malta: A Regulated Haven for Casino Players
While these companies are located throughout the whole world, they choose to have their headquarters on this sunny island. And their logic is bulletproof. Upon the start of our investigation, we stumbled upon the Malta Gaming Authority, the gaming control board of Malta. It regulates nearly all forms of gambling of online and land-based casinos on its territory. Players are assured of the authenticity and legality of a certain online casino with the MGA’s stamp of approval through the Malta Gaming Authority (MGA), which monitors the licensing, safety, and security of online operators, as reported by Harrison Newton, casino expert at BestCasinoSites.net.
Advantages that MGA Provides for iGaming Companies
Business owners are looking for a stable environment and a clear and predetermined set of rules for their business. And Malta is offering exactly that. Their MGA is considered one of the strictest yet most popular among operators. When the players see their casino is regulated by this body that creates a positive image and builds a bond of trust between them. MGA received many relevant awards for its business philosophy and reputation in the gambling business.
Laws in Malta for iGaming Companies
As the previously mentioned stable environment is important for companies to create long-term strategies, gambling laws must be easy to understand and can’t change that often. Even if changes are needed, they are discussed between all the parties influenced by them. Laws in Malta force companies to follow their strict standards to start a business there. And those legislations cover all of their offers, casino games, lotteries, sports betting, and others. In that way, players are safe in all games from blackjack, roulette, slot machines or even betting on who will win Qatar World Cup. Malta’s legal framework is making this country Europe’s hub for online gambling.
Gaming Tax in Malta
One of many advantages that Malta possesses over the competition is the very reasonable taxation. In some countries, taxes are so high that businesses aren’t profitable for casino owners. The people from the government of Malta recognized that and created a reasonably taxed environment for them. Their license is not cheap, but significantly more affordable than what these companies pay in other countries from Europe. Being considered a tax haven country in the Eurozone certainly helps them attract a lot of new iGaming companies.
Malta’s Technological Infrastructure
To set the perfect surroundings for these online businesses, Malta’s government invested heavily in appropriate infrastructure. They are devoted to becoming a leader in technology and research. Many of the FinTech and ICT companies are more than satisfied with their offer of internet quality and speed.
Malta Hosts the Largest Gathering of iGaming Professionals
At the year of 2014, a local conference was held in Malta and gathered iGaming professionals from all over the world. That conference, or expo, is named SiGMA, and today it is considered the largest gathering of this type in Europe. This conference is special because it connects operators, players, and technology innovators in a joint mission to make online gambling better every year. Besides gaming experience, important subjects are promotions, regulations, marketing, and numerous policies. Over 12 thousand attendees are present each year. This is one of the best places where iGaming companies can improve their business through cooperation with experienced people.
Malta’s Landscape and Climate Are Breathtaking
No matter which business you prefer, you can enjoy Malta on every part of the island. Beautiful weather, amazing sights, and the perfect temperature throughout the whole year. Over the workday, you can work in the office of an iGaming company with a beautiful view. After you can enjoy their amazing cuisine in some of the many restaurants, while in your free time you can swim, hike or drive and visit every part of the island. There are so many positive reviews to be found online to confirm this.
Skilled Workforce in Malta
If you want to start your business in Malta in this field, there are so many talented personnel you can find. As the country became a technology hub, with some of the best infrastructures, you can find many game and business developers, and tech and gambling experts. This is important to grow your business in this competitive world of online gambling. Quality workforce is present in abundance on this beautiful island.
This is amazing food for thought. A small island in the Mediterranean Sea is home to more than 10 percent of the iGaming companies. And when we consider all of this, they are not crazy about finding it perfect for their headquarters. Rich history and culture, beautiful landscapes, a progressive economy, and clear tax regulations are factors that can’t and shouldn’t be ignored. Their proactive and innovative government has made a haven for this business through laws and regulations, which provide security to all parties included in online casinos. And it seems they don’t intend to stop improving this amazing island in a mission to create the best place for a global home of iGaming giants.