Why Is Malta So Prominent In The Gambling Industry?
Whether you like to spend your free time online shopping or engaging in sports, keeping yourself entertained is essential when it comes to enjoying any activity.
The gambling industry is just one of the top players that offer great entertainment opportunities worldwide. Yet, some places are well-known among casino fans for their involvement in the development of the industry.
Every gambling enthusiast has heard of Las Vegas and Atlantic City, as the United States has contributed enormously to the casino world. And yet, it is not the only place where the gambling industry and casinos thrive.
Europe also has some places worth mentioning or visiting if you enjoy the casino adventure.
Malta a small island situated in Southern Europe, is loved by tourists all year round due to its lovely weather and welcoming locals. From summer vacation packages and winter holidays, including New Year’s Eve packages, the tourist season spreads throughout the entire year.
Along with Monaco Casinos, Maltese casinos are super popular in Europe, and this is due to a few compelling reasons.
If you want to discover why Malta is so prominent in the gambling industry, we’ve got the most important reasons detailed:
A touristic attraction
Even if it makes the TOP 10 of the smallest country in its area, Malta is one of the best European countries to visit.
With affordable prices, you don’t have to break the bank for a five-day or seven-day stay. It also has fantastic beaches and scenery! You’ll undoubtedly be amazed by its natural wonders.
The gambling industry in Malta is supported by its tourists, especially when it comes to land-based casinos. Tourists are always looking for ways to enjoy their free time, find entertainment, and discover new places, which is why casinos are a good choice.
There are also tourists passionate about gambling and choose Malta not only for its land-based casinos but also for the incredible iGaming events that take place all year round on the island.
Gambling events all year round
Online gambling companies and brands gather a few times a year for the most important events, including conferences, summits, discussions, new launches, and many other activities related to iGaming.
Malta is the biggest hub for online gambling companies, especially in Europe. Many online casinos choose to get their license from the Malta Gaming Authority, also known as MGA, instead of other authorities because they offer excellent regulations.
This is the reason behind the number of significant casino events that take place in Malta.
The island hosts the most important online gambling industry events, including CasinoBeats Summit, SiGMA Conferences, and iGaming IDOL.
Rules and regulations are well-studied
Legislation and regulations issued by the MGA allow business operators to expand their online casino endeavors without harsh compliance rules. The gaming tax is only 5% of the revenues compared to other gambling authorities from other countries.
Apart from offering great opportunities for businesses in the gambling domain, Malta also protects players from fraud, scams, or other dangers related to gambling through its laws.
UK licenses vs Malta licenses
What really makes Malta the centre of the gambling world is that many online casinos use Malta Gaming Authority’s license to operate. For example, legitimate UK casino operators should comply with UKGC regulations.
Still, very often, those regulations are very restrictive and do not allow operators to extend their businesses as much as they’d like to. That is why many gambling operators apply for an MGA license instead.
When it comes to the gambling industry, many top players lead the way in online casinos and land-based locations. Besides top players, there are also countries where gambling thrives due to diverse factors, including local regulations.
Malta is one of the most prominent places for the gambling industry, with many land-based casinos that offer exceptional services, but also with online casino brands that comply with MGA laws, as they favour both players and business operators.
Did you find these facts interesting?