Online Gambling Companies Malta
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Hubspot Malta is the place to be for gambling companies worldwide. We do coverage of the Maltese casino industry and we bring you 24/7 news stories and breaking headlines. The Amaya Gaming Group is the largest publicly listed gambling company in the world. Their software is used by many of the biggest online gambling sites in the world. The Unibet Group has also got a solid foothold among the biggest names. Paddy Power and the Betfair Group are rapidly growing as are many more. The Malta Gaming Authority handles all gambling issues for Malta-licensed gaming companies. Players who are experiencing a problem or dispute that cannot be resolved with an online operator licensed in Malta can lodge a complaint directly here. Alternatively players can contact the authority via telephone on +356 2546 9000, but they do advise. BettingJobs.com is the premier Search, Selection & Recruiting Solutions provider to the global gaming, sports betting & lotteries sectors. Covering iGaming, Casino, Poker, Lottery, Social & Skill Gaming; our prestigious global client base makes BettingJobs.com the go-to place for a professional, confidential, and efficient service, to help develop careers and strengthen organisations. Now there are links between the Italian mafia and online gambling companies. According to Palermo Salvatore de Luca, a leading anti-Mafia procurator: “Malta has become the capital of online gambling and the Mafia bosses thought that this would be a good financial vehicle for them and less risky than making their money from extortion.”.
Malta has one of the more popular licensing authorities for
online gambling in Europe. The island is located in the
Mediterranean and is a full member of the EU. The country first
started regulating online gaming in 2000 via the Public Lotto
Ordinance. Malta then joined the EU in 2004 and thereby became
the first EU member state to regulate online gambling.
Today, all forms of gaming in Malta are regulated by the
Lottery and Gaming Authorities (LGA) under the Remote Gaming
Regulations, 2004. Malta appears to be one of the safer
licensing authorities in the world due to its strict standards
for gambling sites and status as a full member of the EU.
However, that hasn’t always proven to be the case in reality.
Is This a Legitimate Licensing Authority?
A license from Malta doesn’t mean much from the player’s
point of view. The LGA does appear to have strict licensing
standards, but only in theory. In practice, the LGA awards
licenses to operators fairly easily, and it doesn’t follow up on
many of the published safety standards required by the LGA.
Experienced gamblers look at a license from Malta as no big
deal. There have been numerous cases in which companies licensed
by Malta have confiscated player funds and refused to work with
players to have those funds returned.
Malta doesn’t involve itself in casino-player disputes. It
maintains the right to revoke licenses, but it does not seem to
follow through with much action when things go poorly.
On the other hand, a license from Malta isn’t a stamp of
death. PokerStars is the safest and most respected poker site on
the planet and it does have a license from Malta. The catch is that
PokerStars lives up to high standards of its own accord, and not
because of anything Malta does.
If you’re considering playing at a site licensed in Malta,
your best bet would be to continue to do your research. There
are both good and bad gambling sites registered under this
authority. You’ll have to let each site’s reputation speak for
itself. A license from Malta isn’t in itself a guarantee of
quality or lack thereof.
Licensing Process and Fees
There are four different types of licenses a gambling company
can apply for in Malta. The initial application fees aren’t
terribly expensive, but Malta does charge ongoing fees that add
up. With upwards of 500 sites licensed by Malta, these fees add
up to a significant source of income for Malta. The most recent
reports we could dig up indicate Malta earns roughly €50 million
per year from its licensing activities.
Below are the four types of licenses and their associated
fees. Note that all licenses incur an initial application fee of
€2,330, a system audit fee of €1,770 and an annual license fee
of €8,500 in addition to the following fees for each type of
license.
There’s also a cap of €466,000 per year in total taxes and
fees for any one license.
Class 1 License
A Class 1 license is issued to sites that have casino-style
games such as blackjack, roulette, and slots.
- €4,660 for the first six months
- €7,000 per month after that
Class 2 License
A Class 2 license is given to operators who manage sports
betting types of wagers that include a vigorish/juice.
- 0.5% tax on total gross amount of bets placed
Class 3 License
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A Class 3 license is issued to operators who take a
commission on peer-to-peer bets such as poker, bingo, betting
exchanges, and lotteries.
- 5% of total real income
Class 4 License
A Class 4 license is issued to those who manage and host
gaming operations. For example, software providers who manage
the games/bets but aren’t actually involved in taking bets for
their own profit.
- No fee for the first six months
- €2,330 for the next six months
- €4,660 per month thereafter
If you have more questions or concerns about the different
types of licenses or fees you can always visit thie website or
contact them by phone or email. Below is all the contact
information for the Lottery and Gaming Authorities in Malta:
Online Gambling Companies Malta Uk
- Website:http://www.lga.org.mt/
- E-Mail:[email protected]
- Phone: +356 2546 9000
Malta is known as one of the largest igaming hubs globally, something that has influenced the renowned names in the industry to set up on the island and make Malta their gaming homes. However, that doesn’t just happen because Malta is lucky; it is the favorable regulatory measures they have in place that attracts the igaming industry’s biggest operators. The successive Maltese administrations have, over the years, molded a combination of legal, financial, cultural, and technological strategies that tip the odds in favor of igaming businesses wishing to set up on the island.
According to Christian Ellul, an enthusiast in the igaming industry, one of the main advantages that has helped Malta enjoy the extraordinary expansion of igaming platforms within its shores is that it has positioned itself well with the European Union. It is one of the most attractive financial hubs in the European Union, offering igaming operators favorable operation terms.
International gaming platforms are like any other private business and want to run a cost-effective business. They aim to increase their profits at the end of the day, which is why they are inclined to choosing a less expensive solution as much as possible. Again, international igaming operators do not want to compromise their security or make agreements that would damage their reputation; therefore, they look for the most friendly environment to run their businesses. Malta has continuously grown to be the best place to base an Igaming business across the whole of Europe and probably the whole world.
The Malta Gaming Regulatory Factor
The online gaming industry is a highly competitive one. Gaming platforms such as online casinos are only as good as their reputation. One thing that attracts online gamblers is a good reputation that comes from proper licensing, which projects an image of credibility and trust and makes players feel safe when gambling. Many players focus on finding a gaming platform licensed by recognized authorities, and the Malta Gaming Authority provides just that. The Malta Gaming Authority (MGA) compels casino operators based in Malta to abide by their high-security standards. Having the seal of approval from MGA means that players can trust the gaming platform.
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MGA doesn’t compromise on security regulations and has established high standards that everyone in the industry must meet. Malta was the first in the European Union to regulate igaming. Applying for a gaming license in Malta is straightforward for casinos willing to abide by its rules.
Favorable Taxes
Taxes are a major concern for online gaming platforms. For instance, if an online casino ends up paying too much taxes, their overall profitability decreases, and they may not run the business. The online gaming industry encounters hefty tax charges across the European Union, but Malta Island keeps igaming taxes reasonable. The gambling legislation in Malta doesn’t often change so, the gaming taxes are predictable, and they are favorable. Plus, the country gives casinos tax incentives to establish in the country. Online gaming taxes are friendly in Malta.
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The Bottom Line
Malta authorities have long identified the advantages of creating a friendly environment for online gaming platforms. The government has also adjusted its education system to meet the growing demand for operators struggling to find igaming specialists. This is strengthened by the availability of a straightforward regulatory framework and favorable taxes.