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eGaming Society
eGaming Directory, The Directory for iGaming Businesses and Jobs!
 
 

Malta, the pioneer and leading jurisdiction in online iGaming

Malta began licensing online gaming ten years ago. The governments all over Europe protected their monopolies, but Malta opened up. Presently, the island has become the leading European jurisdiction for eGaming companies. Up till 2010, more than 380 licenses have been issued and 113 new applications were received by the Lotteries and Gaming Authority (LGA). Hundreds of service providers and licensed gaming operators are now based in Malta. This proves that that regulation and supervision can work hand in hand in order to offer the ideal conditions for remote gaming companies to operate in. But the gaming landscape has been altered in these past few years. The island state is currently competing other countries that are opening up their online gaming markets and introducing their own licensing regimes. Malta’s leaders think that Malta is appealing for eGaming companies, but at the same time, they’re also prepared for a change in the landscape.

FRONT-RUNNER IN REGULATION

The first EU state member to fully regulate online gambling  operators was actually Malta. The first online betting companies in Malta were established under the Public Lotto Ordinance in 2000. Shortly after that, the government saw the need of dedicated regulatory framework, so the government released the Remote Gaming Regulations in 2004. Malta joined the EU in May 2004 and that gave giving licensees the added benefit of being located in and regulated by a jurisdiction that formed part of the largest single market in the world. Malta enjoyed the results of the benefits of it’s revamped legislation. 253 companies bear 388 licenses to operate in Malta, including some of the world’s largest operators and gaming software providers such as Betfàir, Betsson, Unibet, Expekt, Interwetten, Regent Markets, Entraction, Chartwell Games, Boss Media, Tam Operations and Net Entertainment.

The Gaming industry in Malta has created many jobs and till this day, this sector employs more than 3,700 people directly and with more than 2,000 others providing ancillary services such as web hosting, security audit, certificate agencies, legal work and others. In 2005, the Gaming industry only consisted of 20 operating companies and handed over just under 5 million euro in taxes to the Treasury. In 2010 the Maltese Government gathered 19.6 million Euro in revenue from the gaming sector. The eGaming Sector in Malta is one of the most active new industries on the island and is a multi-billion euro total annual turnover.

eGaming Society is a fully comprehensive iGaming Directory and iGaming Job Board for the eGaming Society. Whether you are in the Industry, or a igaming supplier, eGaming Society is an ideal reference for the Gaming Industry.



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