In recent years, Malta has witnessed a remarkable rise in its reputation as a sought-after destination for casino companies looking to establish a strong foothold in the iGaming industry. Situated strategically in the heart of the Mediterranean Sea, the European country offers a combination of advantageous factors that make it an ideal choice for these businesses. 

One of the key contributors to Malta’s allure is its robust regulatory framework specifically tailored to the needs of the iGaming sector. There is the geographical setting, tax laws, and proximity to the European open markets.  

It also boasts a friendly and open-spirited atmosphere for visitors worldwide. Also, individuals do not want to feel uncomfortable while betting on outcomes, so every casino aims to offer comfort in their choice of environment.  

Aleksandra Andrishak, Editor-in-Chief of Slotsjudge, recommends that more gaming firms should even explore the excellent business environment in the country. However, amid serious competition, Andrishak also believes all firms must implement working sales strategies and strive to gain market acceptability to reap profits. 

This article will give key reasons why casino companies choose to reside in the region of Malta. So, let’s dive in. 

1. Regulatory Framework

One of the primary factors attracting casino companies to Malta is its well-established and reputable regulatory framework. Malta Gaming Authority (MGA) is a government-owned agency in the country responsible for issuing licenses to regulate online gambling operators.  

The MGA ensures licensed operators adhere to stringent rules and regulations, including player protection measures and anti-money laundering protocols. This credibility and transparency provided by the authority give a sense of security to operators and players alike.  

Hence, casino companies are more inclined to set up in the region, being assured of validity. The case is similar to how people run to validated online platforms when seeking trusted casino & slot game reviews. 

2. Taxation Benefits

Another major reason is the offer of attractive taxation benefits for casino companies. The country operates a favorable tax regime with a low corporate tax rate of 35% and a tax refund system. Through this system, shareholders of Maltese companies can claim refunds on their dividends, resulting in effective tax rates as low as 5%. 

Additionally, Malta does not impose capital gains tax on the sale of shares, making it an appealing choice for companies seeking tax optimization strategies. There are rules regarding tax matters on their gambling white paper, so once a company is accepted, these benefits are enacted. Unlike in most countries, the economy of this region is still seeking stability, so their arms are open to industrialization opportunities. 

3. Access to European and International Markets

Being a member of the European Union, Malta provides casino companies access to the European open market. The EU’s freedom of services principle allows licensed operators in the country to offer their services to customers across the European Economic Area (EEA).  

This access to a vast market of potential players is advantageous for casino companies looking to expand their customer base. Furthermore, Malta has entered into numerous bilateral agreements with countries worldwide, allowing licensed operators to target international markets outside the EU. 

The American and British communities of gamers can be reached, too, creating a bridge between the biggest gambling companies UK and those in Europe. This global reach enhances the growth prospects for casino companies, attracting them to establish their operations in the Republic. 

4. Infrastructure and Skilled Workforce

Malta boasts a well-developed infrastructure and a capable workforce, making it ideal for casino companies to set up. The country has invested in state-of-the-art telecommunications and IT infrastructure, ensuring smooth and secure online gaming operations. So, a gaming firm that plans to set up in the country does not need to worry about network or communication servers. 

The Republic also has a strong pool of professionals experienced in the iGaming industry, including legal experts, casino software providers, IT specialists, and marketing professionals. The availability of such skilled talents further facilitates the establishment and growth of casino companies. 

5. Supportive Business Environment

The Maltese government has shown a proactive approach to supporting the growth of the iGaming industry. Various initiatives, such as funding schemes, grants, and business development programs, are available to assist casino companies in their expansion plans. 

The involvement of organizations like the Malta Gaming Authority and the Malta Digital Innovation Authority provides guidance and support to operators, ensuring a conducive business environment. This act extends a message to the entire body of gaming firms that they can conduct their legitimate businesses on the grounds of the Republic without harassment or discrimination. 

Conclusion

The decision of casino companies to choose Malta as their base is influenced by a combination of factors. The robust regulatory framework, favorable taxation benefits, access to European and international markets, robust infrastructure, skilled workforce, and supportive business environment are some of them. As the industry continues to grow, Malta is well-positioned to maintain its status as a preferred hub for casino companies worldwide.

Brought to you by Aleksandra Andrishak, Editor-in-Chief of Slotsjudge