It is worth mentioning that Malta is known as the first member state of European Union to bring in the regulations of Remote Gambling. LGA or Lotteries and Gaming Authority is the single legislative body that manages all casino and gambling activities in this country. LGA is responsible for managing casino gaming, communication games, commercial bingo, lotteries, and sports betting activities in the region.
Malta is among those countries that are known for their rapidly developing internet gambling sector, and it is managed by Remote Gaming Regulations. The gambling law in this country is basically divided into four basic categories, and it is based upon the license type. They are:
- Class 1: It includes all types of skill games, casino games and online lotteries. It is the onus of the operator to ensure fair game play.
- Class 2: Gambling activities under this category includes pool betting, spread betting, and fixed odds. Here also the operator should maintain fair game play.
- Class 3: Games under this category encompass poker network, game portals, betting exchange, and P2P. In this case, operators are allowed to take commission.
- Class 4: This category of gambling license allows the operator to organize and run remote gaming operators.
As per the Internet gambling laws of Malta, any class of license will be issued only for five years, after which the same could be renewed.
Games Allowed In Malta
Owing to the friendly gambling laws in the country, all sorts of casino, betting, and gambling activities are allowed throughout the region. Some of the popular ones are:
- Slots machines
- Video Slots
- Video poker
- Caribbean stud poker
- Horse racing
- Punto Banco
- America Roulette
- Texas Hold’em
The system of gambling taxation in Malta is closely attached to the standards set by OECD and completely follows the directives put forward by the European Union. As a result, it certainly makes Malta a favorable country for the gamblers and even for the casino owners, bookmakers, and for the punters as well. Below are the details:
For the first 6 months, tax of €4,600 is charged from Class 1 gambling/casino sites, which is followed by a flat tax rate of €7,000.
Gambling/casino games with fixed odd betting that is for Class 2, a tax of 0.5 percent is charged from the player’s total winning amount. And, the same rate of tax is charged from the organizer on the total bet accepted.
A tax of 5 percent is charged on the total income of Class 3 gambling or casino sites.
For Class 3 and 4, the tax amount is around €1,200 every month.
Top Casinos In Malta
Take a look into the best options available for gambling in Malta:
- Marsa Race Track
- Dragonara Casino
- Oracle Casino
- Casino di Venezia
- Online Casino Malta
- Betsson Bingo
- Betsson Poker