Three Major Gambling Operators Aim to Join Malta’s Regulated iGaming Landscape

Malta’s Prime Minister Joseph Muscat revealed that two major gambling operators have applied for licenses from the Malta Gaming Authority. However, the official did not name the companies due to non-disclosure agreements.

Dr. Muscat visited the headquarters of online casino and betting operator Betsson Group in Ta’ Xbiex on Monday, where he talked to CEO Ulrik Bengtsson. Malta’s Prime Minister was accompanied by MGA Executive Chairman Joseph Cuschieri.

The island nation’s top official used the opportunity to affirm Malta’s commitment to its rapidly growing online gambling industry. Dr. Muscat addressed comments by the opposing Nationalist Party that the Labor Party winning the poll would have quite negative effects on Malta’s thriving online gambling industry.

It was mere days ago when the official won a second term as Prime Minister at a snap general election he called a month ago, following corruption allegations in relation to his wife, Michelle Muscat.

Malta has established itself as a widely preferred licensing jurisdiction when it comes to the provision of online gambling services. The local regulator has so far issued around 500 gaming and sports betting licenses, which can easily be interpreted as a further testament to the country’s commitment to developing a well-functioning and lucrative gambling industry.

The MGA Chairman, Joseph Cuschieri, said in a recent interview with Casino News Daily that the regulatory body has been working closely with the country’s government on crafting a gambling bill that would see existing laws being renovated to respond to contemporary demand for gambling services and regulations. The new regulatory framework is expected to be introduced in the fourth quarter of the year.

Appetite for regulated operations has increased among gambling operators and, as mentioned above, Malta has been among the preferred jurisdictions for iGaming licenses. Major UK gambling operator Sky Betting and Gaming has recently announced that it has applied for an MGA license that would allow it to deliver on its previously announced strategy for expansion beyond the UK.

Here it is important to note that Dr. Muscat pointed out on Monday that the above-mentioned operator was not among the two that had too submitted their applications. With that said, Malta’s regulated landscape may soon be joined by three big industry names.

Betsson too used Monday’s meeting to address rumors that it was planning to leave Malta. The company’s CEO dispelled any doubts that may have arisen previously, saying that his company was there to stay. Betsson established its Maltese offices back in 2004. The company has recently opened its second Malta location – the Betsson E2 Hub.

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