Malta Gaming Authority Licence
iGaming
MALTA I CURACAO I GREAT BRITAIN
Remote Gaming
Malta was the first EU Member State to provide jurisdictional services to interactive gambling companies and is now the largest remote gaming jurisdiction worldwide and is home to some of the largest remote gaming operators in the world. This achievement is largely due to a comprehensive regulatory framework and tax planning opportunities for online gaming operations. As a result, a range of online services and facilities in the gaming industry are readily available.
Remote Gaming Operators may apply for licences with the Malta Lotteries and Gaming Authority. A Maltese licence would enable the licensee to operate across the whole of Europe, subject to any foreign laws prohibiting gambling.
The Maltese Remote Gaming Regulations specify that an applicant may apply for four different classes of licences depending on the nature of the business, particularly depending on the gaming risk the company is exposed to, the nature of the business and the nature of the games offered. An application for a gaming licence with LGA Malta takes roughly 14 weeks from the stage of its submission to the moment a system audit is scheduled and a licence is issued. Remote Gaming licensees are subject to rigorous Regulation and are mandated to report to the Lotteries and Gaming Authority on a regular basis.
Once acquired a licence is valid for a period of five years, subject to renewal.
Remote Gaming Operators may apply for licences with the Malta Lotteries and Gaming Authority. A Maltese licence would enable the licensee to operate across the whole of Europe, subject to any foreign laws prohibiting gambling.
The Maltese Remote Gaming Regulations specify that an applicant may apply for four different classes of licences depending on the nature of the business, particularly depending on the gaming risk the company is exposed to, the nature of the business and the nature of the games offered. An application for a gaming licence with LGA Malta takes roughly 14 weeks from the stage of its submission to the moment a system audit is scheduled and a licence is issued. Remote Gaming licensees are subject to rigorous Regulation and are mandated to report to the Lotteries and Gaming Authority on a regular basis.
Once acquired a licence is valid for a period of five years, subject to renewal.
Malta licenced remote gaming operators or platforms are subject to a gaming tax which differs depending on the class of licence acquired as shown in the figure below.
Key Official
Every licensee is obliged to appoint at least one key official who is responsible to supervise his operations and to ensure that the license holder complies with all gambling laws, regulations, conditions and any directives issued by the Malta Lotteries and Gaming Authority. The key official should be resident in Malta and appointed as a director of the gaming company.
Our Services
Our firm will be able to guide you through the application process of the Malta Gaming Authority, advise on an optimal technically compliant set up, on an ideal disaster recovery policy, and facilitate communication with officials of the Lotteries and Gaming Authority throughout the process.
Through our extensive list of contacts in the industry we will be able to connect you with co-location providers, payment gateway providers and other gaming operators and software developers in the island which will enable you to conclude all the necessary agreements and make the necessary arrangements which a company is required to have in place before being awarded a licence.
Following the acquisition of the licence LGA Malta keeps a close eye on all its operators and any operator who falls foul of its rules will be sanctioned. In this respect, through our retainer agreements we will be able to upkeep the licence and be responsible for all Regulator-facing correspondence for the company, including the monthly submission of player liability reports and ad-hoc incident reports, decommissioning forms, service provider authorisations etc.
Through our extensive list of contacts in the industry we will be able to connect you with co-location providers, payment gateway providers and other gaming operators and software developers in the island which will enable you to conclude all the necessary agreements and make the necessary arrangements which a company is required to have in place before being awarded a licence.
Following the acquisition of the licence LGA Malta keeps a close eye on all its operators and any operator who falls foul of its rules will be sanctioned. In this respect, through our retainer agreements we will be able to upkeep the licence and be responsible for all Regulator-facing correspondence for the company, including the monthly submission of player liability reports and ad-hoc incident reports, decommissioning forms, service provider authorisations etc.
Key Official Services
In the light of the legal requirement by the Lotteries and Gaming Authority to have a director who is resident in Malta act as key official, our firm is able to provide you such services to ensure full compliance with any statutory or other requirements and directives of the Malta Lotteries and Gaming Authority. Apart from acting as a point of contact for all communications between the licensee and the Lotteries and Gaming Authority, our contract for the provision of key official services also includes any on-going compliance throughout the lifespan of the licence. Additionally, through our internal technical specialists we will also be able to advise you on the most appropriate and legally compliant set-ups to ensure constant adherence to the stringent rules of the Remote Gaming Regulations.
If you are interested in acquiring a Malta gaming licence please contact us on info@virtusmalta.com or by filling in the form in the Contact Us page.
If you are interested in acquiring a Malta gaming licence please contact us on info@virtusmalta.com or by filling in the form in the Contact Us page.
