Malta’s established sector is blueprint for iGaming excellence

Lea Hogg 4 months ago
Malta’s established sector is blueprint for iGaming excellence

Malta’s leap into online gaming regulation was historic. The country’s emergence as the world’s gaming capital is not an overnight success story but a culmination of its rich gaming history.

In 2004, under Prime Minister Lawrence Gonzi’s leadership, Malta made a groundbreaking move by becoming the first EU country to regulate online gaming. This strategic decision laid the foundation for a gaming-friendly environment, setting Malta apart from other jurisdictions struggling with unclear iGaming regulations.

Factors contributing to Malta’s success

While Malta’s regulatory framework is a key player, other factors have contributed to its iGaming dominance. First and foremost is the business-friendly taxation system, with attractive corporate tax bands, enticing gaming enterprises to establish their headquarters in Malta. Coupled with EU membership, Malta provides companies the freedom to offer online gaming services across the entire bloc, facilitated by the ease of movement for professionals within the EU.

English as an official language simplifies the process for foreign companies, ensuring a smooth transition and understanding of local laws. A reliable internet connection, coupled with relatively low employment costs and a high standard of education, enhances Malta’s appeal.

Malta’s University produce skilled graduates, covering a spectrum from software developers to legal and marketing professionals, contributing to a comprehensive talent pool for the gaming sector.

Malta’s attractive living conditions, highlighted by its top global ranking for macro-economic stability in 2019, have contributed towards a thriving ecosystem for gaming companies. Beyond the gaming giants, Malta hosts a variety of support services, such as corporate services, outsourcing, legal and accounting firms, essential for the growth and sustenance of gaming businesses.

Malta’s established finance sector

One of the pivotal factors that has impacted Malta’s gaming success is its well-established finance sector.

Specialist services, such as gaming-friendly payment options have played a significant role. Services offer payments in EUR, catering to professional gamers and startups in the sector. Users can seamlessly engage in online gaming activities and manage business finances, including multi-currency transactions.

Malta’s rise as a global powerhouse in online gaming is a result of meticulous planning, a regulatory framework, and the strategic exploitation of its unique advantages. From historical gaming roots to a multifaceted ecosystem, Malta’s successful gaming sector is a blueprint for stakeholders in the rapidly evolving world of iGaming.

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