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The popularity of virtual casinos is spreading like wildfire across the world, and Malta is a real online gambling hub.
Online gaming has become a popular pastime among the Maltese population, which is the result of many benefits in comparison to land-based gambling.
Online casinos are a big hit among gamblers because of:. Playing for fun is definitely a cool feature, but nothing beats the sensation of winning some cash.
Luckily, online casinos are equipped with many trustworthy deposit systems , which can be divided into two main categories:.
This differs from casino to casino, and from provider to provider. Similarly, processing time will differ a great deal depending on your choice.
For example, bank transfers will take considerably longer to process than PayPal payments. Bonuses always look great on the surface. However, sometimes the terms of these offers can result in players paying in a small fortune just to get a small bonus sum in return.
It was chosen off the strength of not only the rewards it offers, but its fair terms. We believe it represents the best possible offer based on what is expected from the player.
If it all looks good to you, you can click on over to the operator and opt in now. This seems like a given, but an online casino is only ever as good as its game selection.
This means we pay special attention to whether the library has a healthy mix of slots, table games and scratch card games, as well as providing titles from a wide variety of software developers.
The operator below blew us away with its exciting titles, all of which come from the biggest and most celebrated names in the industry.
Feel free to visit the library yourself, play some free demos or even start playing for real money. This can be in the form of a dedicated app or by simply optimizing their sites for mobile through using HTML5.
When playing on mobile security is, once again, a big concern. Every country has its own laws and attitudes towards gambling, and these can even differ between land-based gambling and online.
Before playing at any online casino, it is paramount that you understand the legal situation. On this site we will never recommend that you take a chance on gambling in a country where online activities are prohibited.
When it comes to online gambling, Malta is something of a pioneer. It was the first EU member to legalize online gambling , and has since become an important hub for the online casino industry.
This means that players in Malta can not only play freely and legally, but they also have an enormous selection of licensed operators to choose from.
All gambling is regulated by the Malta Gaming Authority, which routinely issues licenses for online casinos that operate both at home and abroad.
The application process for receiving an MGA license is quite simple. Any operators wishing to receive a license must first visit the MGA website and enter the Licensee Relationship System.
This consists of 11 steps. Throughout the steps the applicant is required to provide information regarding financial management, policies and procedures, gaming information and more.
Once submitted, the applicant can follow the status of their application in real-time. The application is forwarded to the Regulatory Directorate for review.
If successful, a license will be issued and the operator will be cleared to begin operations in Malta. Despite this, many people fail to understand that taxes apply not only to their regular income but sometimes to their gambling winnings, too.
Otherwise you could find yourself in a sticky situation where you have to backpay taxes on any winnings. While the operators themselves are required by law to pay taxes, winnings are not classed as income under Maltese tax law and are therefore not taxed.
Naturally, taxation on gambling winnings differs from country to country. Malta is one of many countries that does not tax players for their winnings.
Other countries that choose to tax operators as opposed to individual players include the United Kingdom, Sweden, Italy, Germany and Canada.
Of course, not every country is as lucky. Due to the fact that gambling is so well-regulated in Malta, and thanks to its open and liberal attitude towards the practice, there are numerous legal texts that are worthy of your attention when studying the legality of gambling in the island.
In March , the first Malta Remote Gaming Council MRGC was elected. The Council encompasses remote gaming operators and service providers.
The MRGC launched an online forum for discussion of legal, technical and administrative issues among the operators and service providers.
In September , Malta made the United Kingdom's whitelist of countries that match its stringent gaming regulations, contributing to a steady rise in Malta licensees.
In June , the application process was streamlined so applicants may submit all required licensing information at once. The LGA assesses whether an applicant is fit to conduct gaming business, has a sound business strategy, has the operational and statutory requirements to meet Maltese laws, and has correctly implemented its application's technical environment.
The first three stages of the process should conclude within weeks. Low-quality applications are dropped at this point, though the applicant can reapply.
Successful applicant reviews are invited to implement their technical environment. The applicant has 60 days to complete the operation or be forced to reapply.
Once live, the licensee undergoes compliance audits, which occur after the first year of operation, the third year of operation, on the implementation of gross changes in the gaming system or anytime the LGA has suspicions of deviation of regulations.
Failure of a compliance audit may lead to suspension or termination of a license. In , the Malta Gaming Authority signed a memorandum of understanding with the Danish Gaming Authority and the Jersey Gambling Commission to enhance cooperation by the exchange of information and investigative assistance of providers and remote gaming services among their regulatory agencies.
In , the Malta Gaming Authority suspended the gaming licenses of five operators who had ties to Mafia activity in the country. Show all Malta sites.
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