Malta Gambling Business

Today, gambling is a widespread and popular business opportunity, as it offers the potential for generating high returns without the need to invest large sums of money. It is important for an entrepreneur to understand at the very start that this, as in any other business, has its own specifics, which have a tangible impact on the development of the business, and they must be taken into account in order to ensure success.

Malta is one of the most desirable areas for gambling, which is why more and more entrepreneurs are looking to locate their gaming zone here. A good example of this is the Betnero Casino, which has been operating for over 5 years.

Why choose Malta

Malta is a politically stable region where clashes are extremely rare and therefore doing business there involves the least amount of risk. Businessmen also choose Malta for a number of other reasons:

The Maltese authorities are loyal to the gambling business, so the same benefits and incentives exist for this type of activity as for other areas.
Malta regularly organises large-scale gambling tournaments and festivals, which are not only not prohibited by existing laws, but even encouraged by the authorities.
Banks in Malta also offer the freedom to open accounts and manage your money.
It takes just a few days to set up a business of this nature.
Non-residents with a business can quickly obtain a residence permit, and later citizenship.

What you need to know about setting up a gambling business

There are a few things to be aware of when setting up a gambling business on the island:

Only organisations that are officially registered on the island are licensed to conduct such activities.
There must be at least two persons in charge of the firm.
To register, it is essential to submit the full package of necessary documents without exception.
It is important to make timely payments to the state, as well as to submit a complete report on the conduct of activities.

More detailed information on account opening, registration and other documentation is described at betnero.sc, as well as everyone can have a look at the casino’s performance at the end of 5 years.

Types of licences

An entrepreneur in Malta can obtain one of four possible licences depending on the type of gaming activity:

Entities that have a random number generator approved by the regulator and have casinos, lotteries, table games and slot machines in operation are eligible for a first class licence.
Class two is awarded to organisations associated with online betting, including totalizators.
The third class may include games between participants – e.g. poker tournaments.
The fourth class is required for developers of online games as well as owners of host servers in Malta.

Depending on the type of license, there is also a tax that must be paid and is strictly enforced. The taxation depends entirely on the duration and class of the licence – in some cases you have to pay a fixed amount, while in others you have to pay a percentage of the profit.