Online Casino Malta
Online Casino Malta
With online casinos springing from day to day, the number of gamblers taking part in internet gambling will continue to grow. Take Casinos Dubai as an example. Day by day, more online casino players love finding the best games to play from this site.
The Best Malta Online Casinos – The Top 2021 Casino Sites for Maltese Players If you were to name a global capital for online gaming, it would have to be Malta. The small island nation is home to countless operators, software developers and regulators, making it one of. Dragonara Casino. Offers you over 3000 Video Slots, Table Games, Classic Slots, Video Pokers, Jackpot Games and, Lotteries available. 100% Online Casino Welcome Bonus plus many more amazing mobile casino. Since Malta is as regulated as it is, Maltese gamblers have access to some of the best online casino bonuses and online casino promotions. The Lotteries & Gaming Authority (LGA) is the body that regulates all gambling activity in Malta, issuing of licenses to online gambling operators included.
In online Casino gamblers zone we will give you a complete review of all casino games rules. For any bingers or for anyone who wants to know more about the rules of online casino games.
When you hesimplegamble.comar the phrase 'Virtual Gambling,' they are referring to gambling online. Internet casino games are popping up everywhere. They have made your favorite games available to you from anywhere you have internet access. The games are exactly the same. The only thing that you are missing is the hassle of getting to the casino and the cocktail waitress bringing you drinks.
Gambling online is one of the more popular activities being conducted in the internet. It is not only fun and exciting but profitable as well.
Gambling online on a particular online casino gambling website can similarly entitle a player to a online casino bonus.
This is one way by which online casinos lure players to keep coming back in their site and play online poker or internet blackjack.
Malta Gaming Commission
There is no misgiving that online casinos offer the biggest chance to make money. Aside from the immediate winnings, casinos online provide other means of earning money.
One can become a casino associate. Members of a certain casino can refer another person to the online casino website for a chance to earn some credit.
The legalization of gambling industry there was an evident increase in number of women who gambled.
Earlier women were not supposed to indulge into male dominated areas like gambling and if any female did get involved in gambling she had to hide this fact from others.
Invention of playing cards gave a further boost to augment women's participation in gambling.
Earlier when women accompanied men to casinos they would probably just laze around but gradually women started participating in active gambling.
MALTA ONLINE CASINO LICENSE AND REGULATIONS
April 2004, the new Remote Gaming Regulations penetrated into force. If under the preceding regulations, only online gambling companies could be established, the new Regulations provide for a complete list of licenses for remote gaming that may be obtained in Malta.
Until recently Malta’s legislation only permitted online betting offices to operate.
The Remote Gaming Regulations 2004 now offers 4 classes of Remote Gaming Licenses;
- Remote Gaming License shall be a remote gaming license,
- Remote Gaming License shall be a remote betting office license or a remote betting exchange office license,
- Remote Gaming License shall be a license to promote or abet gaming from Malta and Class 4
- Remote Gaming License shall be a license to host and manage remote gaming operators, excluding the licensee himself.
Malta's entry into the European Union has also played a very important in attracting remote gaming operators to Malta.
In a difficult present circumstances for online gaming supplier to the European market, when some countries greatly limit or forbid overall the stipulation of remote gaming from abroad, being recognized in Malta for an operator means that the freedoms in the EU internal market, in particular, the freedom to provide cross-border services within the EU, apply to such operator.
Once an application for a license is put forward and obligations are satisfied, a Malta company is incorporated and a license is issued in the name of the Malta Company.
The single feature of the Malta Company is its 'onshore' status and once the shareholders are non-resident, very motivating tax benefits apply.
The casino game rules are already proving to be popular. In the past few months we have seen a keen interest from the interactive gaming industry in the Maltese gaming licenses.
The last few months have been particularly popular with operators of casino-type games, as a license to operate casinos is a new addition to the Malta licensing offer.
The Maltese Government has the objective of providing regulations that are competitive, safe for players, serious and more importantly not unnecessarily bureaucratic, ensuring vigorous protection for users of remote gaming and that would fit in with Malta's long-established and reputable financial services sector.
One can opt for a betting operation, a betting exchange, casino bets online, casino-type games, a lottery, a bingo - a license can be obtained for any of these operations.
Moreover, license for gaming platforms are also available. There are no limitations on a number of licenses under the Remote Gaming Regulations.
ONLINE GAMBLING CASINOS LICENSING
We are decided that casinos provide some great betting entertainment. Thanks to the wonders of technological advances and the innovation of the Internet, online casinos have become ever more winning since their implementation in the mid 1990s.
Today, there are thousands of online casino positions for enjoyment and online gambling out there in virtual space.
New players searching for an appropriate online casino sites will usually look into the issue of licensing at a particular site.
To many people, the matter of online casino licensing provides an indication of the standards of the casino.
There are those that consider that it implies to the player how seriously the online casino views the business.
Before placing money on the table, most players would like to receive some suggestion of assurance regarding the reliability and security of the online casino sites concerned.
An online gambling license may be attained from different governments worldwide. Various countries have dissimilar laws and rulings regarding the issue of online gambling.
It should be noted that several countries prohibit online gambling within their territories and most licensed online casinos take delivery of their licenses from offshore jurisdictions.
Antigua and Barbuda was one of the first such jurisdictions that issued licenses for online gambling operations.
Today, this is among the jurisdictions which host the largest numbers of online casinos on its books.
Best Online Casino Malta
Another of the most common governments to issue such licenses for online gambling is Gibraltar.
Gibraltar is viewed as a supplier of one of the strictest licenses available, which suggests that online casinos with such a license will provide the player with a smooth and regulated operation.
A large number of online casino gamble places obtain the necessary license and permits from the Kahnawake Gaming Commission of Kahnawake, Indian reserve, Canada.
The small island of Malta is home to almost 300 invisible casinos. If each had a bricks-and-mortar presence, the country would be knee-deep in gamblers. But it’s not. There are just four physical gaming establishments, and fewer visible bookmakers than in Italy or Spain.
The others are remote gaming companies that are based in Malta but serve clients far afield. The industry took off here after 2004, when the government, led by then-Prime Minister Lawrence Gonzi of the Nationalist Party, introduced the first online gaming regulations in the European Union (EU).
The decision quickly paid off. Today, Malta hosts one of the highest concentrations of online gaming license-holders in the EU, and the industry now rakes in €1.2 billion (US$ 1.4 billion) in annual earnings on the island, making up 12 percent of Malta’s GDP. The hundreds of gaming companies were lured in by the country’s low-tax regime and by the opportunity to obtain operating licenses that allow them to conduct business across the EU’s 28 member states. But Malta’s capacity to effectively police this industry has since become a source of worry for law enforcement across Europe.
This explosive growth of online gambling was of great interest to Maltese journalist Daphne Caruana Galizia before she was killed by a car bomb last October. The Daphne Project, a consortium of 18 news organizations from 15 countries, including the Investigative Reporting Project Italy (IRPI), a partner of the Organized Crime and Corruption Reporting Project (OCCRP), has been working for the past five months to complete Caruana Galizia’s work.
In following up on her interest in online gambling, reporters have pieced together a disturbing picture.
The industry’s success has come at a high price. For the past decade, Italian investigators have been looking into how various mafia organizations have exploited Maltese online gaming to make and launder large amounts of money. They found repeated instances of criminal infiltration and a lack of effective oversight by the Malta Gaming Authority (MGA), which regulates the industry. The latest anti-mafia operations also reveal how the lucrative Maltese online gaming licenses change hands from one criminal group to another.
Maltese-registered operators are allowed to set up betting shops in any EU country, as long as the computer terminals are linked to servers in Malta. In theory, there are safeguards to prevent abuses: They are only supposed to provide access to websites where customers log into their own accounts, using their own funds, and play games directly.
In practice, when controlled by organized crime, online gaming systems can essentially function as ATMs for criminals. This is the conclusion reached by anti-mafia prosecutors in Palermo, the capital of Sicily, who in February 2018 cracked down on a vast Maltese gambling network allegedly linked to families belonging to the Cosa Nostra, Sicily’s infamous mafia organization.
“The interest of Cosa Nostra in online gambling started in about 2013-2014,” Sergio Macaluso, a Cosa Nostra affiliate turned police informant after his November 2017 arrest, told investigators. “They infiltrated the sector by making deals with the owners of betting websites, many of whom are set up in Malta because it guarantees a more favorable tax regime.”
In Malta, IRPI discovered that online gambling businesses continue to operate even after their licenses have been suspended. In at least one case, they have been assisted by a “fiduciary” (a legal entity which manages assets on another’s behalf) created by a former MGA official, one of a number of such organizations which help criminals obtain licenses and hide behind secretive corporations.
In its quest to become the gambling hub of Europe, Daphne Caruana Galizia wrote, Malta left the doors open to abuse.
From Sicily with Cash
A hundred kilometers of water separates Valletta, Malta’s seaside capital, and Pozzallo, a town on Sicily’s southern tip. The town is frequently in the headlines as a port of arrival for migrant boats, but it is also the point of departure for ferries bound to Malta.
In early April 2015, Vincenzo Romeo boarded one of those ferries. Romeo is the nephew of Nitto Santapaola, a Cosa Nostra boss. The clan under his leadership, the Santapaola, rules the island’s Catania province.
Described by Italian investigators as a rising star of the Sicilian Mafia, Romeo is the poster child for a new breed of mobsters: educated, cosmopolitan and eager for new business opportunities. Romeo knew that he could make millions with online gambling, but his family’s criminal past meant that he would never get clearance from the Italian authorities. That, investigators say, is why he headed to Malta — with €38,000 in cash.
Dragonara Malta
His contact on the island was Massimo ‘Nunzio’ Lagana, an old acquaintance who, like Romeo, hailed from the Sicilian city of Messina. In Italy, Lagana was known for his checkered past: He had featured in criminal investigations into illegal gambling and Mafia ties since the mid-2000s. But in Malta, he represents himself as a successful gaming impresario. He collaborated with Planetwin365, one of the island’s largest online operators, to organize live poker tournaments at the Portomaso Casino in the exclusive Saint Julian’s Bay area.
Thanks to his high profile, Lagana became well-connected in the local gaming sector. According to an Italian arrest warrant seen by IRPI, he was able to hunt down developers who could create an online casino that would meet all of Romeo’s requirements.
From conversations wiretapped by Italian police, it emerged that a Slovenian man based in Malta was the technical mastermind of the operation. At Lagana’s request — and with the €38,000 in compensation — he allegedly created a series of online gambling platforms and licensed them to Romeo, who then installed them on computer terminals in betting shops and bars across Sicily.
Typically, online gambling operates by linking players’ accounts to their credit cards or to online payment systems like Emoney or Skrill. These transactions are, in theory, traceable by regulators. But in Italy, most players go in person to betting shops and place their bets — and collect their winnings — in cash. This is illegal without the proper license from Italian authorities, but it is widely tolerated. And it opens up a world of possibilities that Romeo — among other operators — was keen to exploit.
Investigators in such cases say that, rather than letting their customers log in with personal online gambling accounts, betting shop proprietors would set up a single account for all their customers to use. The cash generated when players placed bets was pooled in the shop’s account, making it impossible to trace individual bets.
According to sources from the illegal gambling industry, once a month, someone working for the mafia clans would come by and pick up their share of the cash from the Italian betting shop. Most of the money would then be laundered through banks in Italy and elsewhere, while a portion would be sent to Malta to pay middlemen to keep the operation going.
In other cases, mobsters used methods that were harder to trace: loading the cash into a random player’s online account in Italy, and then pulling it out in another country; or, for very large sums, employing a fiduciary to pick up the cash and transport it to safe accounts in Switzerland, Malta, or other locations.
These widely used systems help the criminal organizations evade Italian regulators, who struggle to block their spread and to recoup tax payments.
Another advantage of the setup is that it allows mobsters to add streams of cash from their other operations — like drug smuggling or extortion — to the gambling proceeds as needed, allowing these funds, too, to be laundered.
In July 2017, Romeo and Lagana were arrested in the Sicilian city of Messina on charges of mafia-type association and illegal gambling as part of a vast anti-mafia probe. A lawyer for Massimo Lagana told reporters that his client “has nothing to do with the crimes alleged by prosecutors” and that he will prove his innocence in court.
Unscathed by the investigation, the Slovenian creator of the websites continues his operations in Malta, running an operation licensed by the MGA that develops gaming websites.