Destination factfile: Spotlight on Malta

Destination factfile: Spotlight on Malta

Tuesday, February 7, 2017

Malta may be the EU’s smallest member state but iGaming pulls in a massive 10% of the country’s GDP, according to the Autumn European Economic Forum of 2016.

Known for its low business costs and welcoming business environment, Malta was the first country in the EU to licence online gaming. There are now more than 250 iGaming companies on the island, including platform providers, game developers and start-ups - and these numbers are set to increase.

The Malta Gaming Authority (MGA) is also rising to the challenge of untangling an ever-increasing web of regulatory, legislative and compliance challenge that iGaming companies have to deal with to create a more business friendly environment.

Malta has an infrastructure, technical expertise and talent cluster which has helped cement it as a leading centre for gaming. The country has an infrastructure which can provide support in critical operations such a search optimisation, affiliate management companies plus data centres, online payment processors, security auditors, gaming software providers and platform providers.

Industry heavyweights with a presence on the island include Betsson, Paddy Power Betfair, Interwetten, Unibet, bet-at-home and Tipico.

Malta’s gaming industry in numbers

  • More than 6,000 people are employed within the Maltese gaming industry with an additional 3,000 to 4,000 providing ancillary services such as web hosting, security auditing and legal work.
  • 250 operators are based in Malta holding 490 licences for online offerings
  • iGaming makes up 10% of Malta’s GDP - services make up 75% of GDP and tourism is at 25%