Gaming boosts Malta by €1.56bn in 2019

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Updated September 21, 2022 | Published July 21, 2020

2 mins read

According to the latest data, Malta has allocated 14 new licences in 2019 alone. The country's regulator has been trying to push up the number of worthwhile and trusted operators to receive a licence for remote gaming.

So far, the country has endorsed some 294 operators, most of which still carry their licence, although the MGA has had to strip a few companies for various reason. One sector in which the MGA has dipped its toes is blockchain and cryptocurrency gaming.

With the profit and total value from the gaming industry in general reaching €1.56 billion in 2019, Malta is well-poised to continue to bolster growth. Diversification has been important as well, allowing the country to not have to compromise with the quality of the licences it issues.

In other words, expanding into new markets has kept the standards for applying and receiving a gambling licence high, but at the same time, the profit margin for the Maltese economy has continued growing.

Malta has been issuing licences for almost every aspect of the gaming experience. MGA is authorized to offer online gaming and sports betting licences, as well as for skill-based games and supplier firms.

Malta was even developing a specialised blockchain and cryptocurrency gaming framework, but the initiative has been slowed down in light of the latest lockdown. However, Malta has long signaled its readiness to assist the crypto sector.

While blockchain casinos haven't started to mass-migrate towards Malta, this is probably going to happen at some point, owing to the Maltese licence's importance in the gaming community. Bitcasino and BitStarz are among the casinos that could look towards the Maltese regulator if blockchain regulation becomes more tangible.

Looking for your next crypto casino? Check out: Bitcasino or FortuneJack.

Written by Tudor

Works as a developer and helps keeps the digital cogs turning. Leave them alone, they're busy.
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