Malta: the gaming world's gateway to Europe

Malta: the gaming world's gateway to Europe

Wednesday, February 8, 2017

As the gaming industry goes virtual, Malta’s ambitions are going global. Increasingly the destination of choice for the world’s largest operators, Malta also provides a bridge to Europe for companies from Asia and Latin America. Ivan Filletti of Gaming Malta cites the island nation’s regulatory expertise in gaming as a huge benefit to businesses considering the move.

“Malta is definitely an excellent stepping stone into Europe, whether it’s for Asian operators or anyone else, from a corporate and regulatory perspective,” he said. “Of course, that is, provided that persons establishing themselves here are willing and able to abide by Maltese and European law, as well as with specific laws of certain other European countries.”

He went on to highlight that “undoubtedly Malta’s main advantage is the ecosystem which exists to service the gaming industry, including trained manpower and hosting solutions.”

With over 11,000 people employed by the gaming industry on the island with international companies like Betsson Group and Tipico Group, it’s no surprise that that’s where 10% of Malta’s GDP comes from, and more companies are looking to get in on the act.

The world’s largest skill-based daily fantasy sports (DFS) platform has just received a Game of Skill License from the Malta Gaming Authority (MGA). DraftKings, founded and headquartered in Boston in 2012, has over 350 employees, with offices in London and New York. The new license will allow the company to operate in more European countries than ever before and follows the announcement of MGA’s introduction of the new license, designed to give more legal certainty to the skill-based gaming side of the industry. DraftKings Chief International Officer Jeffrey Haas said of the license that it would “increase our addressable audience by at least 100 million people” in a comment originally posted on Legal Sports Report.