With a breadth of industry expertise, experience and a geographical focal point for the sports betting and iGaming industry, it’s no surprise that games of chance have a long-standing history within the Mediterranean country.
Altenar, a sportsbook software provider, who finds its home on the island of Malta, takes a look at the country's history with betting and gambling and discovers that this island supports the flourishing business of iGaming.
Let’s take a look at how Malta is the perfect place to build, design and develop sports betting software, as well as, taking a look at how Altenar’s sportsbook software has not only found global acclaim but helped to establish Malta as the place to find sports betting software providers.
How Malta’s History Informed Modern-Day Sports Betting Software
As the first country to introduce online regulation in the EU, Malta has positioned itself and those operating, providing and developing within the iGaming industry as one of the go-to countries for all things sports betting software and gambling software.
Not only this, but with over 300 sportsbook software providers, gambling operators and the like, the rich history of games like Cippitatu (a game of chance where players place bets on how a kind of spinning top would fall) would eventually, and most certainly, snowball into the Mecca it is known as today.
As the world became enthralled with all things sportsbook, and the inevitable growth of the industry swarmed the world, Malta retained its connoisseur-like qualities in the form of sportsbook software providers like Altenar, a sports betting software provider.
Not only this, but the business of sports betting software and iGaming took off; notably, one of the most sought-after events in the iGaming calendar takes place in Malta: SIGMA Europe - known by those in the industry as SIGMA Malta Week.
Though it’s not always about the glitz and the glam of events like SIGMA that draw thousands to the island of Malta for work - it’s the deeply educated individuals who build and support your sportsbook software.
Malta has one of the highest standards for education and as a result, the product of highly-skilled, passionate and determined individuals becomes abundant throughout Malta and helps to inform and construct the powerhouse that is the Maltese islands.
Looking and finding quality and ever-adaptive sports betting software is not difficult in Malta, especially if you know where to go - Altenar, a sportsbook software provider is a tier-one provider with numerous awards and industry recognition under its belt.
A Glance At Betting Regulations In Malta | Altenar & You
The MGA (Malta Gaming Authority) Allows the following games of chance:
- online betting;
- bingo;
- casino;
- lotteries;
- fantasy sports;
- poker; and
- social gaming.
Types of Licences
As a sportsbook software provider, Altenar has ample experience in being regulation compliant and wants to share some of the requirements you’ll need to participate in Malta’s iGaming landscape. As one of Altenar’s homes, the sports betting solutions provider knows Malta and its betting landscape well.
The MGA may issue the following licences:
- Gaming Services Licence – a business-to-consumer (B2C) licence to offer or carry out a gaming service. A B2C licence may constitute any one or more of the following game types:
1. Casino-type games.
2. Games of chance played against the house, the outcome of which is determined by the result of an event or competition.
3. Games of chance not played against the house - poker, bingo, betting exchanges and other commission-based games.
4. Controlled skill games.
- Critical Gaming Supply Licence – a business-to-business (B2B) licence to provide or carry out a critical gaming supply that is indispensable in determining the outcome of a game or games forming part of a gaming service, and/or is an indispensable component in the processing and/or management of essential regulatory data.
- Corporate Group Licence – B2B or B2C corporate group licences may be issued to a corporate group that includes more than one company within its structure.
Duration of Licences
A standard licence term, whether original or renewed, is ten years, whilst a recognition notice is valid for one year. A recognition notice is a notice issued by the MGA whereby an authorisation issued by another member state of the EU or EEA, or a state that is deemed by the MGA to offer safeguards largely equivalent to those offered by Maltese law, is recognised as having the same effect as an authorisation issued by the MGA to provide a gaming service or gaming supply in or from Malta.
Supporting Sports Betting Software Providers | Malta
It’s not only the technically minded and the sales teams that populated the growing sports betting software space, Malta is home to one of the largest support economies, meaning that it and the sports betting providers have access to a host of multi-disciplinary experts like Lawyers, Accountants, SEO experts, Marketing experts, PR, Events, and so on.
Ensuring that those looking for sportsbook software providers, for instance, have the correct and necessary access to the well-oiled machine running any and all operations.
Contact Altenar, a sportsbook software provider, today to discover more about how a sportsbook can be designed with you and your players in mind.
