Malta To Improve Country's Gaming Acts

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July 29th, 2017
Back Malta To Improve Country's Gaming Acts

Malta is on the verge of becoming a true casino wonderland, making this land of sunshine, breathtaking landscapes and leisure, everyone’s favorite travel destination. Due to low tax rates and EU membership, the small island is perfect for land-based and online casinos, whose main target groups are customers that live on the old contintent. Continuously upgrading its genial gambling system, Malta is now looking for new ways of remodeling and bettering its already perfected business environment.

Malta Gaming Authority (MGA) has proposed a new gaming act, which should replace the current law and allow operators to hold independent licenses for diverse categories. The act should be beneficial for MGA and casino owners, as it would speed up the registration process too. Two licenses suffice, according to the officials: business to business and business to consumer.

Being home to a vast number of online casinos, the next step in bringing this small haven to perfection would be a more severe enforcement of regulations and guidelines, as many smaller operators have unexplored histories. This is a major problem for the industry, and the new set of laws could help fixing it.

Also, the introduction of cryptocurrencies could push casinos forward. Being fairly new on the market, the Bitcoin requires special risk assessments and detailed analysis. According to the chairman of MGA, Joseph Cuschieri, cryptocurrencies are the future and once the case study results are presented, both operators and the gaming sector itself will enjoy the benefits. In the long run, other casino-friendly countries should follow Malta’s footsteps and discover the wonders of a well-organized gambling system.

Source:

“3 Ways That Malta Could Become Even More Casino Friendly”, casinotopsonline.com, July 27, 2017.

“new ways of remodeling and bettering its already perfected business environment”

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