Monday, 21 May 2012
The Republic of Malta is an island nation in the Mediterranean Sea. A former colony of the United Kingdom, Malta became part of the European Union in 2004. Malta's Public Lotto Ordinance has been issuing online gambling licenses since 2000, though in April 2004, after becoming part of the EU, the nation's Remote Gambling Regulations underwent a major overhaul.
Today, Malta's online gambling licensing system is complicated and highly regulated. Four different classes of licenses are issued to internet gambling companies, depending on the type of gambling services they intend to offer. Gaming taxes are extremely low, making the jurisdiction attractive to operators. Gambling sites licensed out of Malta cannot take bets from local citizens.
Players have good reason to trust sites licensed out of Malta. The United Kingdom operates a stringent set of guidelines that outline ideal online gambling operations, and in 2007, Malta's online gambling licensing system was added to the UK Gambling Commission "white list", meaning they passed all the tests admirably. Since then, the number of sites licensed out of Malta has been steadily increasing.
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