Exploring the strategic advantage of dual licensing in Malta and Anjouan

October 17, 2023 admin 101 Views

In this article, iGaming industry consultant Ron Mendelson, Fastt Offshore, delves into the strategic benefits of combining a Malta gambling license with an Anjouan license.

The world of online gambling is evolving at a rapid pace, with iGaming operators continually seeking innovative strategies to expand their reach and tap into new markets. These dual licenses offer operators unparalleled access to global gaming markets, from Europe to emerging regions, enhancing credibility and optimizing operational efficiency.

Malta: A Global Hub for iGaming Excellence

Malta has firmly established itself as a premier destination for online gambling companies. In 2023, it was home to an astonishing 10% of the world’s online gaming companies, boasting over 26.2 million gaming accounts.

Malta’s journey in gambling regulation began decades ago, culminating in the establishment of the Malta Gaming Authority (MGA) and the introduction of the Lotteries and Other Games Act in 2001. This forward-thinking approach attracted gaming companies by offering a favorable tax regime, modern infrastructure, and a highly skilled workforce.

Furthermore, Malta’s commitment to consumer protection, anti-money laundering efforts, and alignment with evolving EU regulations has led to continuous updates in its gambling legislation. The proposed Gaming Act of 2018 aimed to modernize the legal framework and strengthen player protection, reinforcing Malta’s reputation as a leader in iGaming regulation.

Then, in 2023, Malta introduced Bill 55, a piece of legislation that shields MGA-licensed casinos and operators from legal actions that could undermine the legality of gaming services. While it has sparked debates, Malta remains a formidable player in the online gambling market, offering security and legal protection to operators and players alike.

The Anjouan License: Emerging as a Strategic Choice

In contrast to Malta’s established reputation, the Anjouan license is rapidly gaining traction among iGaming operators. Anjouan, a small island in the Comoros archipelago, offers a compelling set of advantages that make it an appealing choice for operators seeking efficient market entry.

Anjouan’s standout feature is its cost-effectiveness. The streamlined regulatory process and affordable licensing fees make it an attractive option for operators looking to expand rapidly into new markets. Furthermore, Anjouan boasts an efficient setup process, reducing time-to-market and enabling operators to seize opportunities promptly.

Dual Licensing: A Synergistic Approach

Combining a Malta gambling license with an Anjouan license represents a powerful dual licensing strategy that can strategically position iGaming operators for global success.

Market Access: Malta’s license provides access to highly regulated European markets with stringent standards, while Anjouan complements this by offering entry into emerging markets across Asia, Africa, Latin America, and beyond. This combination allows operators to tap into a diverse range of global market segments.

Tax Benefits: Malta’s competitive tax regime, with the potential for reduced corporate tax rates through the full tax imputation system, aligns seamlessly with Anjouan’s cost-effective regulatory framework. This synergy optimizes financial performance for operators.

Operational Flexibility: The dual licensing approach streamlines business operations and enhances adaptability. Operators can cater to diverse global audiences under a single operational umbrella, from established markets in Europe to emerging ones in Asia and Africa.

Competitive Edge: The combination of Malta’s credibility and Anjouan’s efficiency creates a powerful synergy. This strategic approach allows operators to navigate the dynamic world of iGaming with a competitive edge, building trust with players and partners.

Global Dynamics: Thriving in the iGaming Industry

As the iGaming industry continues to evolve, operators must strategically position themselves to thrive. The dual licensing approach, incorporating both a Malta gambling license and an Anjouan license, offers a winning formula that combines the credibility of established regulatory excellence with the agility of emerging market entry. This strategic alliance empowers operators to navigate diverse global markets, optimize financial performance, and build trust with players and partners.

To find out more about licensing in Malta, Anjouan or any other jurisdiction, Fast Offshore is your number-one point of contact. We have worked in iGaming for over 26 years and are perfectly placed to help you through the application process, as well as manage all ongoing maintenance. We can also assist with payments, structuring, compliance, and general advice about iGaming operations worldwide. Contact our team of professionals today to find out more.