Malta Licensed Casinos
Malta is a European country located in the Mediterranean Sea. It’s also one of the smallest and densely populated countries in the entire world. Small and autonomous countries like that are more often than not places where i-gaming operators can thrive by taking advantage of the local law. The main regulatory public body responsible for the regulation of all forms of gaming, including online gaming, in Malta is the Lotteries and Gaming Authority, whose governance is guided by the Lotteries and Other Games Act 2001 and Remote Gaming Regulations 2004. At the moment, you can get four types of licenses: Class 1, 2, 3 and 4. They all cover different games and are given for five years with the condition that the major part of the online betting or gaming operations are located physically in the country.
What makes Malta number one choice for over half a thousand i-gaming operators is the proximity to the European market, its whitelisted status among the UK and OECD members, as well as tight security standards. On the other hand Malta takes some percentage on gross wagers placed and has one of the highest corporation taxes among all of the remote gambling jurisdictions – 35% as of now. Moreover, what may be considered as another weakness is the absence of any anti-money laundering policies that would apply to the companies under review.
For more information please visit www.lga.org.mt.