Malta is known as the home of online casinos. The majority of online casinos we have today are based and run in Malta. There are several reasons why Malta is the chosen destination, which we shall discuss shortly. First, let us describe this beautiful land.
You can easily trace Malta from its history in the bible. One of the apostles known as Paul was shipwrecked at sea and landed on this island. It has also been colonized by almost all the colonial masters in the world, at one time or another. Apart from that, the island is full of diverse and very deep culture, and also benefits from being a business destination in Europe.
Registration and Regulation
An industry like the casino industry, which involves a lot of cash transactions, needs to be heavily regulated. This industry can move millions of cash in a day. The industry is also open for entry which attracts numerous investors. The Maltese regulatory environment is sound and very efficient. One of the ways to regulate the industry is through a registration process. An outsider might find the process quite hectic and complicated but, as a matter of fact, it is simple. With the right attorneys such as GTG Advocates, the process is short and fast. Players are also required to follow strict reporting guidelines in order to prove the solvency of their business.
Malta is one of the best financial destinations in the world. It came into the limelight when it became the only country in the world not to suffer the effects of the 2008 banking financial crisis. In fact, the banking industry in Malta is one of the best and most stable in the world. Casinos deal with a lot of cash money and complex financial transactions. Such transactions, especially if they are online, need to be done in a very stable environment – which Malta provides.