Tax News 17/12/2013: In the autumn of 2000 the Maltese government passed legislation enabling online betting centres to be set up in the country, and this legislation, coupled with provisions from the Income Tax Act written specifically for international companies, made Malta an attractive location for casino and sportsbook operations.
became the first EU member state to regulate internet gaming in May 2004
with its Remote Gaming Regulations under the Lotteries and Other Games
A large number of companies from around the world
expressed interest in Malta, including Stanley Leisure, William Hill,
Ladbrokes, Paddy Power, Unibet, GC Sports, International Allsports, and
Eurofootball; in 2012, PokerStars launched Pokerstars.eu under the
group’s new Maltese license.
Malta's economic policy encourages
information technology operations, and the territory has invested
heavily in state-of-the-art telecommunications. With the e-gaming sector
using an estimated 50 percent of Malta's available bandwidth, there are
now four high-capacity fibre-optic submarine cables linking the island
with mainland Europe. As a result of this investment, there are already a
number of Internet Service Providers in Malta, with clear interest
being shown in...read on.