Online Gambling Companies Prefer Malta to the UK
October 15th, 2007Author: Mark Newman
The British Gambling Act on September 1st made a lot of online gambling operators think how to get on the white list – to be able to advertise on Mass Media.
Malta is one of the countries to be on the white list what attracts online gambling companies. Thus, their number has grown from 84 online gaming companies chartered in Malta to 111. 36 more are still waiting for approval of their license applications.
In accordance with the decision, online casinos will be taxed at the going rate given to land based casinos, 15%. Malta, on the other hand, has reduced tax rates cut to 2.5% thus making it a popular choice over the UK and its significantly higher tax rate.
