Malta Vs Curaçao license? If you are a GamStop subscriber then you know for sure that it is not possible to play at a casino that holds the UKGC license. The alternatives in this case would be Malta and Curaçao casinos. In this post, we will shed more light on both agencies, learn about the stages of the licensing process, and the pros and cons of both licenses.
Gambling License of Malta vs Curacao
Curaçao Gaming Control Board emerged early in the industry life. It had to combat the fraud and deception that were prevalent at this time. Indeed, this agency has been able to apply all legal standards to the gambling companies it licenses.
Curaçao offers casinos an affordable tax service. Furthermore, casinos also benefit from favorable tax laws and quick inexpensive licensing process. Curacao imposes only a 2% tax on net profits and does not place barriers for casinos. The Curacao Gaming License offers only one type of permit to all casinos, software creators, and bookmakers.
On the other hand, Malta has a long history in the online gambling industry. The Malta Gaming Commission (MGA) was established in 2001. In 2009, the island generated €52.5 million in tax revenue from remote gaming only.
Pros & Cons of a Curaçao License
For all players, the presence of the Curaçao logo in the bottom margin of the home page of a casino or bookmaker’s is a testament to the integrity of the site.
This means that the site treats its players seriously, offers games with fair results, and integrates known payment methods. However, there are both positive and negative aspects of the licensing process for casinos, but the basic standards are always preserved.
Malta Vs Curaçao License
Pros of Curaçao License
Many iGaming companies prefer the Curacao license because the country offers low licensing fees and zero taxes.
Simple & Fast Licensing Process
It is very easy to get the Curaçao license. The license is issued within a maximum period of 4 weeks and there are no hidden fees. Therefore, it is the best option for small startups and industry giants alike.
This is the best competitive advantage that the Curaçao Gaming Control Board has since the commission only offers one type of license for all online gambling products. On the other hand, Malta, for example, has four different types of licenses for sports betting, casino games, games of chance, and keno and bingo.
Cons of Curaçao License
With all these benefits, there are also downsides to consider before choosing a Curacao casino.
- Marketing restrictions are common in most EU countries.
Malta Gambling License
Malta is the first member of the EU to regulate online gambling starting in the year 2000. One year later the MGA was established. According to the latest framework update, Malta offers licenses in the following types:
Games of Chance
In these are games, players bet against the house and the outcome is determined by the result of the sport’s event. It worth noting that some gambling sites can offer both casino games and betting options also.
Games of Chance that Are Not Played Against the House
It worth noting that due to the large number of gambling companies registered in Malta, the state is now working on building a smart city to be a center for all gambling companies registered in the country. In addition, Malta is developing laws to be more attractive compared to other licensing countries.
Pros of the Maltese Gambling License
Protection of Players & Casinos
Under the MGA license, both players and casinos receive the same level of protection.
Compatible Money Laundering
The MGA, as a regulator, attaches importance to it as it applies all EU directives regulating the prevention of money laundering.
Cons of a Maltese License
Of course, with these benefits, there are also downsides that make casinos think twice before applying for a Maltese gambling license:
- High taxes and fees
- Licensing process require more time
Best Non GamStop Malta Vs Curaçao Casinos
- Hawaii Spins
- Winner Casino
- Fire Scatters
- Yeti Win
- Jinx Casino
- Amigo Wins
- Slots Shine
- Spin My Win
- Chilli Reels
- Fancy Reels
- Milky Wins
- Casi Good
- Scarab Wins
- Fancy Reels
Malta Vs Curaçao: Conclusion
Now that you know all the pros and cons of both Malta Vs Curaçao licensed site licenses, it's up to you to choose the right one! For more info, you can check out our reviews of the best non GamStop casinos that hold licenses of Malta and Curaçao and discover the most suitable one.