Malta is a unique Mediterranean island and a full member of
the EU. It boasts a long-standing heritage of culture and history and is also
known for its stable democratic administration, attractive standard of living at
reasonable cost and modern and vibrant life-style.
Malta's legal system is a ménage of civil law and UK
commercial rules. Its taxation system has been declared compliant with OECD
standards and is in line with main EU directives. Financial Laws and regulations
are of the most reputable and anti-money laundering standards are second to
none. Malta has also a long tradition of gaming legislation.
All this presents the operator with an array of advantages
resulting from establishing his operation in a serous and stable regulatory
environment.
Seriousness & Stability
Stable regulatory framework
The proper operation on interactive games
The protection of players
The prevention of money laundering
Protection of public interest
An Array of Licenses that are 'Game Neutral'
The Regulations do not specify what type of games are licensable
and any game can be presented by the operator. The important
factor is that the game happens remotely and not face-to-face.
Typical licensable games and activities include online
bookmakers, betting exchanges, online casinos, casino-type
games, lotteries, bingo operations and marketing companies and
gaming platforms.
An Array of Licenses that are
'Technology Neutral'
The Regulations are also not hindered by the medium. Therefore
all forms of electronic devices can be used, including phones,
faxes, mobile phones and the internet.
The Promotion of Responsible
Gaming
This concept incorporates protection of
minors and the vulnerable player. Every operator must have a
written procedure to open a player's account and this must
include ascertainment of the player's agenda verification checks
with a credit card number matched with information from the
relative bank. Vulnerable players are also checked by means of
pre-set limits and cooling off periods before changes to these
limits are carried out.
A license from a European Country
Malta became a member of the EU in May 2004.
This played a very important role in attracting remote gaming operators
to Malta. With the present uncertainties of operating online and facing
restrictions by national authorities, being established in Malta results
in operators benefiting form the
freedom of establishment and the freedom provide cross-border
services within the EU.
Tax Benefits
Efficient professional services and reasonable costs