How might changes to Spain’s online casino regulations affect Maltese economy?
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Online casinos generate billions of euros in revenue every year. Spain introduced new rules in 2020 around the marketing of casinos. This included limiting TV advertising to between 1pm and 5am and banning celebrity testimonials.
Spain introduced new rules for online casinos in 21st century. Players under 25 are restricted to playing online for a maximum of 25% of their daily limit. The limit is 25%, which is controversial as the peak age for gambling is 30.
The changes introduced in Spain could affect Malta and the economy. Online gambling companies have flourished in Malta thanks to liberal legislation and a comparatively light tax burden. The sector is estimated to generate around 12% of the annual €12.7 billion total and employs over 9,000 people. The government's track record and pragmatic approach means that any new regulations are likely to be relatively light touch. It has done in 2021 for the financial services industry. iGaming players can limit their own activity without external intervention. Within mainland Europe, they will go to Malta where there is a plentiful choice of online casinos and relatively few restrictions.
