The Gaming Board is at present processing 20
new licences for foreign on-line betting companies planning to set up base
When the government passed legislation last
year enabling on-line betting centres to set up base
in Malta, several companies expressed interest in moving here and many
were granted a licence in the first six months.
These include Sunderlands, Stanley Leisure,
William Hill, Ladbrokes, Firststake, Luvbet, Paddy Power, Wembley, Unibet,
GC Sports, International Allsports and Eurofootball.
Several other on-line betting companies are expected
to start operating from Malta within the coming months, thus increasing
financial services business on the island.
Most companies are attracted to Malta mainly
because of the new on-line betting law which allows foreign centres to
operate from Malta. Another factor is the attractive provisions in the
Income Tax Act for these companies, with advantageous tax rates.
The fluency of local workers in written and
spoken English and the high levels of education are also other factors
contributing to the success of Malta’s on-line betting business. Coupled
with that is the fact that Malta lies in the European time-zone and is
easily accessible from several European countries.
Meanwhile, another on-line betting company
Totalbet.com has obtained an licence to set up operations in Malta and
thereby pay less betting tax than a British-based operation. The usual
home of British overseas betting, Gibraltar, is almost full-up to betting
Taking up to £2m a month, Totalbet.com
now has 40,000 registered users with about 15,000 regularly using it to
bet. The biggest single stake allowed is £10,000 though the average bet is
rather less at £20.
Malta's New Licensing Regime
for Remote/Online Gaming
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