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Off topic & small talk: Chatterbox (Page 1043)

Topic created on 14th Jan. 2019 | Page: 1043 of 1360 | Answers: 13,595 | Views: 1,779,106
Olli_Eule
Elite

Falko wrote on 17.01.2024 at 16:35:

That's true, because seeing a white landscape has become an absolute rarity in recent years, at least for me. In my childhood there was much more snow to be seen than there is today.

but that doesn't have to be the case with the snow and ice. I have a longer tour to do on January 27th. I'm already looking forward to the warmer weather. There have been no problems in recent years.

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Falko
Icon

Olli_Eule wrote on 17.01.2024 at 18:06:but that doesn't have to be with the snow and ice. on 27.1 I have a longer tour to do. I'm already looking forward to it getting warmer. There haven't been any problems in recent years.

Yes, it will soon be warmer again. It's supposed to be 15 degrees + for me next Tuesday.

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Falke
Expert
What I would find interesting is what the situation is now with the MGA license?

Many casinos are migrating, changing their license, etc. This will have a major impact on Malta itself. Just this week I received an email from two casinos that they are ceasing operations under the MGA license.

The European Court of Justice is already dealing with the question of whether Bill55 can be applied, which is very unlikely.

Perhaps Julian can give us a little insight into the press reports on this and whether GJ itself is already feeling the effects etc.

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Jenn-R
Expert

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Donnie
Elite

Falke wrote on 17.01.2024 at 19:23: What I would find interesting, how does it actually behave now with the MGA license?

Many casinos are migrating, changing their license, etc. This will have a big impact on Malta itself. Just this week I received an email from two casinos that they are ceasing operations under the MGA license.

The European Court of Justice is already dealing with the question of whether Bill55 can be applied, which is very unlikely.

Perhaps Julian can give us a little insight into the press reports on this and whether GJ itself is already feeling the effects etc.


What impact is it supposed to have? There are still other countries where you can offer your services

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Falke
Expert

Donnie wrote on January 17th, 2024 at 9:01 pm:


What effects should it have? There are other countries where you can offer your services

Germany is the largest market. Austria also falls away and, as far as I know, Switzerland too.


It's similar in the Netherlands and France is just following suit, who knows which other European countries are doing the same.

The fact is that many casinos are already saying goodbye to the Malta license. Of course, this will have an impact on Malta, where the gambling market is the largest source of income and also creates the most jobs.

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frapi07
Elite

Falke wrote on 17.01.2024 at 19:23: What I would find interesting, how does it actually behave now with the MGA license?

Many casinos are migrating, changing their license, etc. This will have a big impact on Malta itself. Just this week I received an email from two casinos that they are ceasing operations under the MGA license.

The European Court of Justice is already dealing with the question of whether Bill55 can be applied, which is very unlikely.

Maybe Julian can give a little insight here as to how the press reports on this are and whether GJ itself is already feeling the effects etc.

Don't think it will hit Malta hard. It's been online. All the casinos are operated elsewhere anyway. At the latest since Corona, more have gone into home office, so I can imagine that the support staff will be somewhere but not in Malta.

And whether an Internet "authority" loses revenue (issues fewer licenses) will not affect Malta either, I think. In addition, many will remain in Malta anyway, i.e. Tipico and co.

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Falke
Expert

frapi07 wrote on 17.01.2024 at 23:07:

Don't think it will hit Malta hard. Has been online. All the casinos are operated elsewhere anyway. Since Corona at the latest, more have gone into home office, so I can imagine that the support staff will be somewhere but not in Malta.

And whether an Internet "authority" loses revenue (issues fewer licenses) will not affect Malta either, I think. In addition, many will remain in Malta anyway, i.e. Tipico and co.

Nevertheless, the companies pay taxes in Malta, whether online or offline doesn't matter. If the MGA license is removed, then there will be no more taxes for Malta from the respective company. Because everything is online, it is particularly dangerous for Malta because it makes it very easy to relocate companies.


So this is not about the authority, but about state revenue. The proportion of revenue from gambling in Malta is 12% of GDP, which is an incredibly high amount.

Without gambling, Malta is pretty much at a loss. Most of the rest is distributed among services, so Malta hardly exports anything, at least nothing that would be relevant for economic performance.

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MisterL
Expert

Falke wrote on January 17th, 2024 at 11:44 pm:

Nevertheless, the companies pay taxes in Malta, whether online or offline does not matter. If the MGA license ceases to exist, then there are no more taxes for Malta from the respective company. Precisely because everything is online, it is particularly dangerous for Malta because it makes it very easy to relocate companies.


So this is not about the authority, but about state revenue. The proportion of revenue from gambling in Malta is 12% of GDP, which is an incredibly high amount.

Without gambling, Malta is pretty much at a loss. Most of the rest is distributed among services, so Malta hardly exports anything, at least nothing that would be relevant for economic performance.

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frapi07
Elite

Falke wrote on January 17th, 2024 at 11:44 pm:

Nevertheless, the companies pay taxes in Malta, whether online or offline does not matter. If the MGA license ceases to exist, then there are no more taxes for Malta from the respective company. Precisely because everything is online, it is particularly dangerous for Malta because it makes it very easy to relocate companies.


So this is not about the authority, but about state revenue. The proportion of revenue from gambling in Malta is 12% of GDP, which is an incredibly high amount.

Without gambling, Malta is pretty much at a loss. Most of the rest is distributed among services, so Malta hardly exports anything, at least nothing that would be relevant for economic performance.

This 12% includes everything, not just pure online casinos. Malta is still more attractive than other European countries and companies will not relocate for that reason. I would rate the betting providers in particular as having the highest turnover.

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