Why Are UK Online Casinos Moving To Malta?
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Before Brexit, online gambling sites had a base of operations outside of the United Kingdom. Gibraltar is one of most popular choices for them.
Gibraltar is a British territory on the southern coast of Spain. Gibraltar is more lenient with tax than Spain, which has a 25% tax. Many people who work in Gibraltar choose to live in Spain because of this. Now, with the UK out of the EU, things have changed and Gibraltar industries have to make huge adjustments. Malta is looking for a solution to this problem.
Malta is a good choice for UK Online Casinos because of its reasonable taxes. The Malta Gaming Authority is transparent and consistent with their gambling laws. It makes online gambling companies feel safer. A small difference in the percentage of the tax imposed could mean millions of revenues lost to tax.
Malta is moving its online betting sites to UK. Malta has stable and consistent laws and lower taxes than New Jersey. The standard of living in Malta is lower than in the United States.
UK Online Casinos are moving their entire operations to Malta. If you are in the UK, you may continue to open your app or go to your site as you usually would.
