What makes Malta so attractive to online gambling companies? – Times of Malta

Posted: November 25, 2021 at 11:49 am

The online casino industry is booming and many investors are eager to set up shop in various parts of the world. One major obstacle that many prospective casino operators are experiencing right now is the strict gambling legislation thats present in many countries. However, there are a few bright gems that serve as gambling havens in select parts of the world and one of those gems is Malta. The countrys gambling activities are completely governed by the Malta Gaming Authority. This regulatory body is responsible for granting licenses to operators and is considered by many in the industry to be one of the most respected institutions in the world.

Innovations are constantly being brought forth within the online gambling industry. In fact, one of the emerging trends in online gambling is the ability to play casino games with cryptocurrency. This is a relatively new technology that is currently sweeping the world. Its an industry thats primed for substantial growth and thats why many investors are eager to establish their operations wherever they can. For most, the MGA license serves as the perfect opportunity to join and grow within the online gambling space.

There is so much red tape and bureaucracy behind the establishment of a legitimate gambling operation. For many investors, its not worth the headache to have to go through such senseless and stringent screening protocols. Thats why Malta sets itself apart as a go-to destination for many online gambling companies. They do have a reputation for having strict protocols in place when it comes to granting licenses. However, they are also known to be fair and consistent in their implementation of the laws. The MGA is also deemed to be very easy to work with and their streamlined processes make the experience more compelling for prospective operators.

Despite the meticulous and thorough nature of Maltas gambling laws, they still provide operators a clear picture of what is expected of them. This is because Maltas legislators put a lot of time and effort into crafting pieces of gambling legislation that are designed to appeal to international casinos. Within the general population itself, there is a very vibrant gambling culture. The tourists and locals of Malta actively participate in the economy of gambling in different forms. This is why the Maltese government takes its gambling activities very seriously. However, they also make it a point to be conscious of the experiences of operators when it comes to licensing and operations.

Compared to other licensing bodies located around the world, the fees set forth by the MGA are relatively low. They are also accompanied by requirements that are uncomplicated and clear. Even though they are rather stringent, the MGA does a good job of walking operators through the process of licensing applications. In fact, there are many offshore casino operators who have relocated their businesses over to Malta in order to get away from the harsh licensing fees of their origin countries. Without getting too much into the specifics, Malta has a reputation for providing one of the most cost-efficient licensing processes in the world.

Another incentive for establishing gambling operations in Malta is the human capital that the Maltese population can provide. The country boasts many skilled professionals who are vital to the gambling industry. From lawyers, accountants, and software developers to customer service representatives and custodial staff, Malta has a pool of talent that appeals to many casino operators. They offer reliable professional services that help grow the local economy while also boosting the gambling market.

Malta has a relatively healthy disposition towards gambling as a form of recreation. In fact, the country considers its gambling institutions to be one of its main selling points when it comes to tourism. At the end of the day, there are so many upsides for casino operators to establish themselves within Maltese territory. Its a prime destination for any vital players within the gambling industry who are looking to grow their brands and overall reach. When you have a healthy combination of good governance, reasonable policies, healthy tourism, and a thriving gambling culture, Malta presents itself as a very good value proposition for casino operators around the world.

Disclaimer: Play responsibly. Players must be over 18. For help visit https://www.gamcare.org.uk/.

Independent journalism costs money. Support Times of Malta for the price of a coffee.

Read the rest here:

What makes Malta so attractive to online gambling companies? - Times of Malta

Related Post