Many gamblers notice that a lot of online casinos are regulated by Maltese gaming authorities. Therefore, they have a legal entity in this jurisdiction and act according to local legislation. A question may arise about why so many gambling sites have licensing in Malta. There are a couple of answers that you will find further in this article.
Straightforward and Predictable Laws
One of the most important things for the business to develop is the legislation in a particular jurisdiction. Maltese laws are simple to understand, which makes it easier for any company to comply with them. Therefore, many gambling operators choose this jurisdiction to start and develop their businesses.
It should be mentioned that frequent change in this niche makes it harder for gambling casinos to grow and, thus, to provide clients with top-notch services. Companies will have to spend time trying to comply with new laws, which, in turn, makes it harder for them to focus on matters that are more important.
The Malta Gaming Authority MGA is one of the most popular regulatory bodies in the gambling industry, they ensure the casino follows strict money laundering regulations. This region, as it was said above, attracts a lot of companies and, therefore, you can see that the gaming industry in Malta is flourishing.
Taxation and Other Opportunities
Gaming companies and the gaming induustry in general is known for having huge money turning in it. Therefore, the taxes here are extremely high. Both companies and gamblers have to see a huge amount paid to the governments. However, this is not the case in Malta, where taxation can be considered reasonable. This, in turn, gives companies more room to breathe and provides them with more opportunities to invest in their sustainable growth.
If you compare the costs that those online gambling sites pay for their activities with the taxes that other companies have to pay in other jurisdictions, they are lower, which gives additional opportunities to such companies in developing their businesses.
As for the opportunities, gamblers who play at such gambling sites are offered a lot of features. In particular, they can benefit from various bonuses and promotions. Such campaigns may bring you more additional money as compared to bonus offers coming from companies. Yes, you can enjoy a huge amount of bonus money when dealing with online casinos that are licensed in Malta.
Along with those great opportunities, there are a lot more that you can also enjoy. Online casinos that are regulated by the government of a country located in the Mediterranean Sea offer a lot of games and cooperate with well-established software providers. In particular, you can play online video slots, various table games, as well as live casino titles.
As for the payment options, you are offered a lot of them when dealing with Malta-regulated websites. The only thing that is not available to you is cryptocurrency transactions. The Malta-based gambling sites do not accept them. Therefore, if you want to deposit and withdraw funds using various digital coins and tokens, you have to choose Curaçao-licensed operators.