Gambling in Malta: online casino regulations 2022
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Malta is one of the most popular gambling destinations in Europe. The government is in the process of regulating state gaming. Many operators are interested in setting up a business in Malta. NZcasimile prepared the analysis of its laws and regulations.
Malta's gaming industry has grown exponentially. In 2018 it generated over €2 billion ($2.3 billion USD) in revenue. Malta hosts one of the most popular gaming events, the Summit of iGaming. A gaming license is a must if you're serious about working in the gaming.
Malta is a regulatory hub for internet gambling. Under new rules, all online casinos operating in Malta will need to be authorised by the Malta Gaming Authority. Online casinos must comply with strict anti-money laundering and consumer protection measures. Corporations can operate across 28 countries in Europe and throughout the world without having to obtain one licence in each state. Non-residents are allowed to gamble online if they are over 18 years of age. They are rejected if the operator rejects all residents and gamblers that are younger.
How to start an online gambling business in Malta? The first thing to do is registering your company and acquiring a gambling license. Malta has a good reputation for its online casinos. MGA licensed casinos operate throughout the world, including New Zealand.
To start operating an internet casino in this state, the online gaming company must apply for a license from the MGA. The application process is simple and straightforward.
A proven track record of innovation and adherence to industry standards. Compliance with procedures set forth by regulatory authorities.
Gambling in Malta is legal under Maltese law. You need to incorporate your company and obtain the proper licenses. The description of the games offered will help determine if it is considered gambling under Malta's law and if your application can be accepted or denied.
Online gambling licensing in Malta is not as difficult as it may seem. The registration and licensing of your online gambling company may take anywhere from 3 to 6 months. After receiving your gambling license, you will need two banking services.
Registering your company and obtaining a gambling license will cost around €220 000.
Malta offers a great work environment and is well-known for its stability and reliable legal framework. Malta's a perfect place to start an online gambling enterprise.
