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Although the company has made strides in online gaming, the majority of its business still comes from its Las Vegas and regional casinos. Like other casino chains, Caesars seeks to leverage its national network through a loyalty program, encouraging visits to multiple properties. Editor's Choice Those unregulated markets include countries like Brazil and Argentina, where there are no laws on the statute books that govern online gambling, at least for now. But at least half a dozen people with a professional interest in Malta’s online gambling sector acknowledged that more and more developing countries will eventually introduce iGaming regulation. This would hamper companies licensed in Malta from targeting their citizens legally, limit the number of accessible players, and thereby reduce the benefits of holding a Malta gaming licence. And that could mean, argues Tomic, that Malta becomes simply a back-office hub for internet gambling, with its low taxes offering some measure of protection for the profits of B2B companies.