GBO: Your One-Stop Shop for Malta Gaming Corporate Services: Company, License, banking, merchants, white label

 

Are you looking to enter the Malta gaming market? GBO can help!

 

We offer a comprehensive suite of services to help you get your gaming business up and running in Malta, including:

  1. Malta gaming license: We can help you navigate the complex process of obtaining a Malta gaming license.
  2. Bank accounts: We can help you set up bank accounts in Malta and in EU that are compliant with gaming regulations.
  3. Online casino systems: We can provide you with the latest online casino systems, including games, software, and payment processing.
  4. Payment processing: We can handle all of your payment processing needs, so you can focus on running your business.

 

With GBO, you have everything you need to succeed in the Malta gaming market. We are your one-stop shop for all of your gaming needs.

 

Interested? Contact us today to learn more about how we can help you get your gaming business up and running in Malta.

As one of the top European jurisdictions for online gambling and gaming businesses, Malta is a center for the gaming sector. The industry is governed by the Malta Gaming Authority (MGA), which also grants licenses to gaming businesses.

Over 500 gaming businesses with a knowledge cutoff of 2021 are based in Malta and employ more than 10,000 people. The sector considerably boosts Malta’s economy and brings in over €1.5 billion a year in revenue.

Below is a table of the top 10 gaming companies in Malta, based on revenues, as of my knowledge cut-off date 2021

 

Speak with our experts about your Malta Gaming License and bank accounts

WhatsApp us: +972504938469, email us: info@gbo-il.com

    The top 10 gaming companies in Malta

    wdt_ID Name Description Revenues
    1 Betsson Group A leading provider of online gambling and gaming services, including casino games, sports betting, and poker €1.2 billion
    2 Evolution Gaming A leading provider of live casino games, including live roulette, blackjack, and baccarat €1.0 billion
    3 Kindred Group One of the largest online gambling companies in the world, offering a wide range of online gambling and gaming services €0.9 billion
    4 LeoVegas A leading mobile casino and sports betting company €0.8 billion
    5 NetEnt A leading provider of online casino games, including slots, table games, and live casino games €0.6 billion
    6 Genesis Global Limited A leading provider of online gambling and gaming services, including casino games, sports betting, and poker €0.5 billion
    7 Mr Green & Co AB A leading provider of online gambling and gaming services, including casino games, sports betting, and poker €0.4 billion
    8 Gaming Innovation Group A leading provider of online gambling and gaming services, including casino games, sports betting, and poker €0.3 billion
    9 888 Holdings A leading provider of online gambling and gaming services, including casino games, sports betting, and poker €0.2 billion
    10 Red Tiger Gaming A leading provider of online casino games, including slots, table games, and live casino games €0.1 billion
    Name Description Revenues

    Malta stands prominently as a global hotspot for iGaming. In 2022, the Malta iGaming industry recorded an impressive gross gaming revenue exceeding €7 billion, with projections indicating further growth on the horizon.

    So, what is iGaming in Malta all about? Essentially, iGaming encompasses online wagering activities where players bet on the outcome of games or events, facilitated via the internet. This domain extends to:

    1. Lotteries
    2. Fantasy sports
    3. Casino Games like poker and bingo, among others

     

    But what makes Malta such a magnet for igaming companies?

    The allure stems from various factors:

    • The Malta Gaming Authority (MGA) is renowned globally, establishing Malta’s reputation in the iGaming world. The MGA’s regulatory framework is not only robust but also widely acknowledged by international bodies.
    • Financially, Malta presents a lucrative environment for iGaming businesses. With a corporate tax rate pegged at 15% and zero withholding taxes on gaming gains, Malta becomes a preferred locale for businesses keen on optimizing tax expenses.
    • The Maltese labor market, characterized by its well-educated populace and proficiency in English, ensures that iGaming companies have access to a competent talent pool.
    • Complementing the industry is Malta’s robust infrastructure, which includes dependable telecommunications, a state-of-the-art transport network, and a thriving financial sector.

    Given all these strengths, the trajectory for Malta’s iGaming sector is unmistakably upward, promising even brighter prospects in the coming years.

     

     

     

    Malta iGaming Industry Highlights:

    1. In 2022, Malta’s iGaming sector boasted a gross gaming revenue exceeding €7 billion, marking an 11% growth from the previous year.
    2. With over 10,000 individuals employed in this domain, the iGaming sector stands as one of Malta’s primary employment drivers.
    3. Oversight for this burgeoning industry is provided by the Malta Gaming Authority (MGA), a globally recognized and esteemed regulatory body.
    4. The combination of a supportive regulatory framework, an adept workforce, and advanced infrastructure makes Malta an iGaming haven.

    Delving Deeper into the Malta iGaming Landscape:

    1. The MGA’s issuance of iGaming licenses has been on an uptrend, with 2022 witnessing the provision of 341 licenses.
    2. A significant chunk of these licenses, granted by the MGA, cater to remote gaming. Only 64 licenses in 2022 were designated for terrestrial gaming.
    3. Dominating the Maltese iGaming revenue streams are online slots, contributing to 60% of the earnings, followed by casino games at 25%.
    4. As the global iGaming market gears up to touch the $100 billion mark by 2025, Malta is strategically poised to leverage this upward momentum.
      This version maintains the core information but presents it in a refreshed manner.

    iGaming Services in Malta

    Malta, a charming island in the Mediterranean, has made a name for itself as a major iGaming hub. The nation’s proactive approach to industry regulation has made it a desirable location for operators looking to launch and grow their gaming businesses. Here’s a detailed look at Malta’s iGaming offerings:

    License procedures: 

    The Malta Gaming Authority (MGA) is the organization in charge of overseeing all gambling-related activities in Malta. It provides a variety of licenses, including B2C and B2B versions.

    • The MGA offers four different license categories: controlled skill games, remote gaming, remote betting, and hosted in Malta.
    • Duration and Renewal: MGA licenses typically have a ten-year lifespan and are revocable.

     

    2. Business Formation:

    • Malta provides a welcoming business environment with clear regulations for establishing an iGaming business.
    • Tax advantages: Malta has competitive tax rates for businesses, and it has double taxation agreements with many nations.

     

    3. The Anti-Money Laundering (AML) Guidelines for Online Casinos:

    • Strict Regulations: Malta has put in place strict AML regulations to make sure that the iGaming sector remains open and honest.
    • Compliance: To identify and stop money laundering and terrorist financing, online casinos must put in place strict internal controls.

     

    4. Gaming Accounting:

    • Malta adheres to International Financial Reporting Standards (IFRS), which guarantees accuracy and uniformity in accounting practices.
    • Gaming services are exempt from Value Added Tax (VAT) in Malta, but there are some requirements that must be met.
    • Read more about accounting for gaming companies.

     

    5. Conformity

    • Regular Audits: To make sure that operators adhere to regulations, the MGA mandates regular audits.
    • Operators must make sure their technical infrastructure, particularly their Random Number Generators (RNGs), complies with the necessary standards.

     

    6. Legal:

    • Malta offers iGaming operators a highly regulated environment with a well-defined legal framework.
    • The MGA provides mechanisms for players and operators to settle disagreements.

     

    7. Manpower:

    • Talent Pool: Malta’s emphasis on iGaming has produced a large talent pool with expertise in all areas of the business, from technology to marketing.
    • Training and Development: Schools in Malta provide specialized programs designed specifically for the iGaming sector, ensuring a steady supply of qualified workers.

     

    In conclusion, Malta stands out as a top location for iGaming companies, providing a full range of services that address all aspects of the sector. Malta is unquestionably a top option for iGaming operators worldwide thanks to its strong regulatory framework, skilled workforce, and supportive business environment.

    About the Author: GBO experts

    GBO has been a trusted business partner since 2009, offering corporate solutions like global company setups, banking, and gaming licenses. We also provide turnkey solutions in crypto, gaming, and industries. For more insights, connect GBO on LinkedIn or directly at: info@gbo-il.com

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