E-gaming @ Malta

In the year 2000, the government of Malta permitted online betting sites being set up in Malta by passing legislation. This legislation along with provisions from Income Tax Act was designed especially for foreign companies. This made Malta a hub for casino online and Sportsbook operations.

Many foreign companies from across the globe showed interest in Malta; namely William Hill, Ladbrookes, Paddy Power, UNIBET, Eurofootball etc.

In the year 2004, under the Lotteries and Other games Act 2001, Malta was declared to be the first EU state that had structured internet gaming by designing the Remote Gaming Regulations. Since then, around 250 gaming companies have been established in Malta and the government of Malta has issued 350 licences. Because of companies like Stanley Leisure, Unibet, GC Sports etcmore than 5,200 people have been given employment and about 10% of the online gambling market is held in Malta. Many games such as bingo, lottery games, commercial communications games, sports betting and other non-profit games are governed by the government of Malta. They ensure that all the games held are honest, transparent and that there are no occurrences of crime, corruption or money laundering; and also protect the minor and susceptible players. Licences are issued to the companies for a period of five years and one the pretext that the head office is located in Malta. The taxes paid by these companies are in millions and have helped uplift Malta’s economy.

Thus E-gaming at Malta has proved not only beneficial to the Maltese government but also to the online gaming industry. By legalising online gaming, they have allowed this industry to grow to a very large extent and also this growth in turn has led to employment opportunities for many citizens of Malta and also boosted the economy of the country. For more details visit www.cherrycasino.com

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