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Is Malta is the next online casino superpower?

29 August 2007
Malta seems to be the next contender for supremacy of the online casino industry, with the new ban being put into practice against advertisements for online casinos that do not come from the “white listed” countries. 27 corporations have already announced that their operations would move to the Mediterranean country.

Rather than follow the path of prohibition, as the United States has done, Britain is going for the regulation route. The British Government has created a “white” list, comprising of countries from which online casinos would be allowed to advertise in the UK. The American position on the issue of online gambling forces Americans to gamble at sites which knowingly bend the UIGEA. This directs them to some what less than respectable, making online gambling in the United States even more dangerous in the United States than it was before.

The UK Department of Culture, Media and Sport (DCMS) recently published their 'white list'. Countries from inside the European Union were automatically qualified, since the Union already imposes strict regulation on online gambling sites. The Isle of Man and Alderney were also placed on the White List as both jurisdictions were found to have a “rigorous licensing regime designed to stop children gambling, protect vulnerable people, keep games fair and keep out crime”.

Alexander (a Canadian Reservation), Netherlands Antilles and Tasmania applied for the White List but were rejected. Costa Rica and Belize did not apply and therefore are banned from advertising in the United Kingdom. Applications from Kahnawake (a Canadian Reservation popular with online gambling companies) and Antigua are still under consideration, but are expected to be added to the White List as both localities heavily regulate their online gambling licensees. Making the White List does not allow companies to advertise permanently – DCMS will periodically monitor white listed jurisdictions to ensure they continue to meet the 2005 Gambling Act criteria.

The end result of the proposed White List is that dozens on online gambling corporations are rushing to open operations in Malta and other white listed territories and thereby putting themselves under more stringent regulation and monitoring of their activities, creating a safer world for online gamblers.

OCN Staff
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