Malta and its Gambling Industry
Malta is one of the smallest countries in the world where there are more tourists than residents. It is because it is one of the most loved tourist spots in the whole of Europe. Aside from being rich in tourist, it is also wealthy in culture, history, and great food.
Malta Casinos and Gambling
Along with the country’s rich history is the early beginning of betting activities. It began in 1922 with the government regulated lotto game which was adopted from their neighboring country, Italy. Malta’s government was fast to realize that gambling has increased their tax revenue. The Malta National Lottery was then established in 1948 through the visionary mind of the head of the Lotto Department, John Mifsud.
After a while, it brought revenue from foreigners as they also want to participate. Soon, the Malta Gaming Authority was created with the mindset of turning gambling to the state’s business from being a mere entertainment. It was also to minimize illegal gambling activities and gambling related crimes as well as to protect the law abiding operators.
In Malta, illegal gambling started around the same time as the oldest existing gambling legislation. Laws helps the state prevent individuals and organizations from deceiving gamblers and other contributor. It also helps in building the stakeholders’ trust towards the industry. Through this, Malta became the most respected regulators worldwide.
Malta Online Gambling Laws
Since Malta’s government is open to legal gambling, they are also one of the pioneering states who regulated Online gambling. In 2001, Malta has foreseen that there is a possibility of gaming or gambling through a remote access so they amended their gambling laws to fit this kind of set up. In 2004, it then became the first country in the European Union who adopted online gambling and had specific regulations for online gambling.
Through the amended Gambling Act, operators can now introduce and launch new games. However, they should inform MGA for any changes, minimal or large in scale. It also helped generate employment and a large contribution to their economy.
Payment Methods in Malta
Another important factor in choosing an online casino is the ease and security of their payment methods. It is one of the most crucial parts in an online casino because this is where confidential information is found. The more convenient and safer the available payment methods are, the more confidence players have in registering and playing in the casino. Here we have listed the legal and common payment methods in Malta.
- Credit and Debit Cards
- E-wallets
- Cryptocurrency
- Bank Transfer
- Mobile Phone Bill Payments
How to Bet Online in Malta
Betting Online in Malta is easy and safe. As they were one of the first states to regulate online gambling, they already have made specific guidelines for online gambling, it is guaranteed safe. The first step would be choosing the casino that best fits your taste. May it be their interface design, the accessibility of their website, the games they carry or their game provider.
Then you can register, and claim the welcome bonus if there is, and choose which game you want to play. After you can choose which payment method you want to use and then key in your bet. Always remember the betting odds and the conditions that come with it. Start playing and have fun.
Online Games in Malta
Maltese people has been exposed to gambling a long time ago. Therefore, they have possibly been able to choose which games are their favorite. Among the vast array of available games in online casinos, roulette, baccarat, slots, three card poker, keno, craps, blackjack, scratch cards, and Caribbean stud poker are only few of their favorites. In addition, they also love live dealer gambling.
Moreover, there are also several gambling sites who are loved by Maltese players. Some of these are, 888 casino, Betway casino, and Jackpot City casino among others.
FAQ for Maltese Players
Are winnings taxable in Malta?
Generally, player winnings are exempted from taxation in Malta.
What is the legal gambling age in Malta?
According to Article 26(1) of the Malta Gaming Act, Maltese citizens need to be 25 years old to be able to gamble legally while 18 years old for foreigners.
Why are there a lot of gambling sites in Malta?
Through the strict and specific regulations of Malta regarding gambling, players are assured that they are able to have a fair playing chance while playing among the large selection of sites in the country.
Is gambling legal in Malta?
Yes, gambling both land-based and online gambling are legal in Malta.