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How does Malta's regulation help? I presume if you want to accept German players u need to conform to German rules. So how do these online casinos operate insi

by yazr 8y ago

How does Malta's regulation help? I presume if you want to accept German players u need to conform to German rules. So how do these online casinos operate inside the EU ? EDIT: also note that Malta population is 500K. So even one large unicorn can shift the economy numbers.

sorenjan 8y ago
Companies in Malta are subject to Maltese supervision, and thanks to the EU the companies can operate in the rest of the EU as well. There's probably some extra rules they need to follow in each country, I don't know the details. The Maltese economy is full of money laundering, tax evasion [1, 2], mafia [3], and other gray areas [4, 5] anyway. This article is a puff piece in the travel section, so it's hardly the place for mentioning of the Panama papers or journalist Daphne Caruana Galizia that was investigating online gambling and corruption was killed by a car bomb in 2017 [6]. [0] https://ec.europa.eu/growth/sectors/gambling_en https://ec.europa.eu/growth/sectors/gambling_en [1] http://www.spiegel.de/international/business/dodgy-gaming-business-malta-plays-fast-and-loose-with-online-gambling-firms-a-1148929.html http://www.spiegel.de/international/business/dodgy-gaming-bu... [2] https://www.bbc.com/news/world-europe-40026826 https://www.bbc.com/news/world-europe-40026826 [3] https://www.occrp.org/en/thedaphneproject/how-maltese-online-gambling-became-an-atm-for-the-italian-mafia https://www.occrp.org/en/thedaphneproject/how-maltese-online... [4] https://www.theguardian.com/business/2018/oct/16/tax-evasion-oecd-blacklist-of-21-countries-with-golden-passport-schemes-published https://www.theguardian.com/business/2018/oct/16/tax-evasion... [5] https://www.bloomberg.com/news/features/2018-09-11/why-the-eu-is-furious-with-malta https://www.bloomberg.com/news/features/2018-09-11/why-the-e... [6] https://en.wikipedia.org/wiki/Daphne_Caruana_Galizia https://en.wikipedia.org/wiki/Daphne_Caruana_Galizia

by yazr 8y ago

sorenjan 8y ago

Companies in Malta are subject to Maltese supervision, and thanks to the EU the companies can operate in the rest of the EU as well. There's probably some extra rules they need to follow in each country, I don't know the details. The Maltese economy is full of money laundering, tax evasion [1, 2], mafia [3], and other gray areas [4, 5] anyway. This article is a puff piece in the travel section, so it's hardly the place for mentioning of the Panama papers or journalist Daphne Caruana Galizia that was investigating online gambling and corruption was killed by a car bomb in 2017 [6]. [0] https://ec.europa.eu/growth/sectors/gambling_en https://ec.europa.eu/growth/sectors/gambling_en [1] http://www.spiegel.de/international/business/dodgy-gaming-business-malta-plays-fast-and-loose-with-online-gambling-firms-a-1148929.html http://www.spiegel.de/international/business/dodgy-gaming-bu... [2] https://www.bbc.com/news/world-europe-40026826 https://www.bbc.com/news/world-europe-40026826 [3] https://www.occrp.org/en/thedaphneproject/how-maltese-online-gambling-became-an-atm-for-the-italian-mafia https://www.occrp.org/en/thedaphneproject/how-maltese-online... [4] https://www.theguardian.com/business/2018/oct/16/tax-evasion-oecd-blacklist-of-21-countries-with-golden-passport-schemes-published https://www.theguardian.com/business/2018/oct/16/tax-evasion... [5] https://www.bloomberg.com/news/features/2018-09-11/why-the-eu-is-furious-with-malta https://www.bloomberg.com/news/features/2018-09-11/why-the-e... [6] https://en.wikipedia.org/wiki/Daphne_Caruana_Galizia https://en.wikipedia.org/wiki/Daphne_Caruana_Galizia