Among all the places around the globe, a huge number of iGaming big-shots gathered in Malta. This is, of course, no accident. Learn why this country deserves the title ‘iGaming hub of the world’, and why it appeals so much to the iGaming industry.
Malta and iGaming
There is plenty of statistics to support the exponential growth of iGaming in Malta. iGaming alone contributes €700m a year to Malta’s GDP, which is 13% of the total figure. Many notorious names in the online gambling world have chosen Malta as their base, including NetEnt and Evolution Gaming.
In fact, over 250 iGaming companies are located in this nation. This is because Malta has all the right conditions for the industry to thrive.
The Maltese Government Pushes Hard for iGaming
Since the industry helps empower the economy of the country, the Maltese government puts out various regulations favourable to the growth of iGaming. Although the corporate tax is already low at 5%, Malta has even better tax regimes for iGaming businesses.
Furthermore, Malta is part of the European Union. This membership enables Maltese businesses to expand all across Europe. Malta also has a longstanding expertise in regulating online gaming.
Malta Has a Good Environment for iGaming Businesses
There are a lot of advantages in setting up an iGaming business in Malta: the high-quality infrastructure is perfect for setting up live studios for live dealer games. In addition, Malta boasts a highly skilled and abundant workforce. This is in part thanks to the iGaming industry, since many people relocate to Malta to search for work.
Situated in between Europe and Africa, Malta provides opportunities for cross-continent networking. Talking about networking, there are many iGaming events and conferences held every year, which keeps the business thriving and moving forward.
Malta is Simply a Great Place to Live In
People don’t just move to Malta for work, they also do it for the leisure that the country offers. Maltese residents enjoy 300 sunny days a year, with hundreds of beaches to chill on. Malta is a great place for parties and fun social activities overall.
In addition, Malta offers security like none other. The country has the lowest crime rate in the EU, and the medical system here is ranked number 5 worldwide by the World Health Organization (WHO). Healthcare is publicly funded and free at the point of delivery, but there is also the option of private healthcare for those who want it.
Famous iGaming Events in Malta
iGaming IDOL is a one-of-a-kind award show because it prioritizes the accomplishments and the importance of individuals over companies. From CEO down to a new employee or a casino dealer, everyone receives their fair share of respect.
SiGMA is an iGaming festival held in Asia, Africa, America and Europe. Malta is the European counterpart of SiGMA and arguably the biggest one. There are educational talks from experts in all fields, but mostly about cryptocurrency, blockchain and AI.
The Malta Gaming Awards
This award is like an Oscar for iGaming, aiming to give more exposure to creative projects that have made a big splash in the industry. Of course, The Malta Gaming Awards also gives recognition to the leading companies. All profits from the award goes out to different charitable causes.
The Future of Malta is Here To Stay
The numbers show that the iGaming has a widely positive impact on Malta’s economy, so you can expect the Maltese government to do everything they can to empower the business. Coupled with the rapid growth of iGaming, it’s hard to see a future where Malta is not an iGaming paradise.