Malta's role in online gaming

Although gambling is popular all over the world, citizens in some regions are more likely to engage in the activity than in other parts of the world. This is because gambling laws fluctuate according to different countries and even states, with some areas embracing gambling activities while others outlawing gambling completely.

Many people underestimate Malta when it comes to gaming because of its small size. The country has half a million residents and is home to 10% of the world's gaming companies, making it one of the iGaming capitals of the world. Below we’ll take a look at the reasons why the gaming scene is thriving in Malta and if it will continue to do so.

The Malta Gaming Authority

There are many online gaming companies and casinos that have cropped up in Malta in recent years. Online casino gambling in Malta has been legal since 2004, and it was among the pioneer countries that issued licenses to operators. 

The Malta Gaming Authority, also known as the MGA, is a gaming control board that has been overseeing all gambling activity on the island since the late 1990s. The Malta Gaming Authority check that licensed gaming operations are fair and transparent to all players, as well as protecting players against crime, etc. This board is not only responsible for the safeguarding of the rights of players but has also contributed to the high level of trust that  players have in Malta. 

Malta is also home to MGA Games, who are responsible for the development of slot, video bingo, and table games. These games are targeted towards global providers operating in the online gaming sector. The company has been producing a range of games since 1976, however became fully established in 2001. Since then, they have been contributing to the online gaming sector in Malta with more than 100 gaming titles to choose from. 

High internet quality

Furthermore, another reason for the boom in gambling in Malta is the high internet quality which not only makes gaming fans’ experience faster but also allows them to connect with others more easily. Many people are dissuaded from gaming on their mobile device or desktop computer as their screen tends to lag which spoils the overall experience. However, this is not a problem for those in Malta who are blessed with flawless internet connection. Malta has high-quality fibre internet connections to the rest of Europe and the world. This is a priority for online gaming providers, where high-speed data transfer is critical for the smooth running of their business. 

Modern technology

Malta is also globally renowned for utilising modern technology to provide players with the best possible gaming experience. For instance, the security systems in place are cutting-edge, meaning that gamers can be sure that their deposits are safe and protected. This means that they will be safeguarded during whatever type of deposit they make through their bank account or even with cryptocurrencies. 

Cybersecurity is essential for online gaming sites as typically most players will pay for their games using their own personal and sensitive data and information. Players put their trust into gaming sites, and they will want to ensure that are playing at an online site that is secure and protected to avoid being apart of a phishing scam. Not only this, but potential new players are less likely to sign up to a gaming site that has been the victim of a cyber attack. 

Low gaming taxation

Additionally, low gaming taxation is another reason why Malta is a huge contributor to global gaming revenue. Malta is a known as low tax location for companies, with corporate tax rates that are as low as 5%. This has attracted many gaming providers to establish themselves in the country as it is much more favourable than other areas of the world such as some countries in Europe where online gambling providers will inevitably be taxed 21% on the profits. 

The low cost of employment in Malta also cannot be underestimated when looking at their role in online gambling. As there is a relatively low cost of employment in Malta there will most likely be fewer costs involved in outsourcing work for gaming companies. This not only means that gaming developers will have more money to spend on creating new games, but it also allows more people to get involved in working in the gaming industry by adopting a role such as a graphic designer.

In conclusion, although many countries require casinos and other gaming sites to follow certain rules, those in Malta have never been happier with the thriving gambling scene. With outstanding internet speeds, impressive online security measures, and low gaming taxation, it’s no wonder that Malta is regarded as the gaming capital of the world. Why not see for yourself how the gaming industry operates wherever you are by playing a great game online today? 

Disclaimer |  Play responsibly. For help, visit www.rgf.org.mt. Players must be over 18, terms and conditions apply.