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The online gambling industry experienced considerable growth during 2020, with some key players reporting record revenue and profit. Among the established ...
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After Malta’s Prime Minister, Joseph Muscat, announced that Sky Betting and Gaming would be relocating to Malta, we thought we’d clarify the situation. The Maltese Labour Party leader commented that a “household leader” in the online gambling industry would be “coming to Malta”, but this has been refuted by the parent company of Sky Vegas.
So, what’s actually happening with Malta and Sky Betting and Gaming? Netent Casino have done the research to bring you the answers.
As the UK General Election 2017 is taking place just a few days later, Malta’s very own vote to determine their next prime minister has largely been forgotten by the world’s media.
Muscat made the aforementioned comments at a rally, after the Leader of the Opposition suggested that iGaming companies were considering leaving the country due to the PM’s recent controversy.
We are delighted that a prestigious operator and brand like Skybet applied for a licence with the MGA.
It is encouraging to see that Malta’s reputation as a gaming jurisdiction is recognised by world leading brands – Executive Chairman of the Malta Gaming Authority (MGA), Joseph Cuschieri
However, it was discovered that Sky only intend on applying for a Maltese gaming license rather than adding to their existing European network of offices, something which was later confirmed by Muscat himself.
It is thought that Sky are positioning themselves for a move into Germany with this application, as German punters are set to be treated to their own platform later this year.
As Sky have previously passed the UKGC’s stringent tests to acquire a UK gaming license, we highly doubt they’ll run into any problems in Malta.
With some of the strongest tests and checks as part of the process, we can confirm Mr Cuschieri’s assessment that Malta’s gaming license has become one of the most respected in the industry.
Concrete security checks, such as ID and payment verification, are enforced, with player limits being a crucial part of the MGA’s commitment to gamer protection.
So far in 2017, there have been 59 applications for a Maltese gaming license – almost an 80% increase from the same period in 2016.
The Authority is committed to addressing the ongoing evolution of the industry and its future challenges with integrity, transparency and a focus on consumer protection – Joseph Cuschieri
Despite the MGA being founded in 2001 due to the Lotteries and Other Games Act, it was 2004 which was deemed a crucial turning point as Malta became part of the European Union (EU).
Due to the EU’s rules and regulations, it allowed many online casino brands to obtain a MGA license to operate in other member states – with many EU internet gaming licenses following.
Malta has subsequently become a hub for everything iGaming, boasting a huge calibre of names.
While we can’t list every single one of our internet casinos with a Maltese gambling license, we can safely say that the vast majority tick the box.
We’ll keep you updated with the latest Sky Betting and Gaming licensing developments as they come.