White Hat Gaming Inc. 56 million registered players. Licensee Hub Applications Compliance Enforcement Register Licensee Register Recognition Notice. i Definitions. Maltese gaming legislation and regulations provide for a number of responsible gaming requirements, aimed at protecting minors and vulnerable persons from unscrupulous operators. If you encounter any issues while using this tool, or should you need further assistance contact us on info. Contact Us. The Maltese gaming authority has a lot of control over the companies that it licenses. The holder of a Maltese gambling license may be in an advantageous position when negotiating with potential banks and other financial institutions. If an operator faces a lawsuit in Malta that focuses on its operations in an EU. FAQ. Has Gaming licenses: Maltese gaming license: B2C – Gaming Service License; License type: Type 1 Gaming Services (Casino) Type 2 Gaming Services (Fixed Odd Betting, including Live Betting) Type 4 Gaming Services (Controlled Skill Games) UK gaming license: casino; general betting standard real events; Included in the price:. See full list on tetraconsultants. Each of the following licenses varies based on which gaming style it covers: Class 1 – Remote gaming license for online casinos and lottery-style games. Maltese VAT number: MT22142721) is licenced and regulated in Italy by Agenzia delle Dogane e dei Monopoli (ADM), under concession number 15427, issued on the 16th of October 2019. B2B gaming license in Malta — it is a license granted to game developers or key software providers to game platform operators. Admin Login. The MGA issues permits for B2B and B2C gambling services. money laundering reporting officer introduction the money laundering reporting officer (mlro) is a statutory function for maltese domiciled funds, tasked with reporting to a fund’s board of directors. This obligation is not only locally imposed but it has also achieved international standing around the globe. The commission analyses a business plan, the. Bank & processing accounts — accounts. The Malta Gaming Authority (MGA) is pushing for the implementation of a new law aimed at safeguarding the country’s online gaming companies from international prosecution. The flexibility and thoroughness of the Remote Gaming Regulations (L. Operators looking to obtain a Maltese gaming licence are required to undergo a rigorous application process in the course of which applicants are required to submit detailed information and documentation relating to their proposed operations for review and scrutiny by the Malta Gaming. The bill strips Maltese courts from having the authority to award damages in certain gaming-related legal disputes. Non-refundable Fixed Annual Licence Fee. How much does a Maltese gambling license cost? The cost of a Malta gaming license varies by category. Player Hub Licensee Register Lodge a Complaint Safer Gambling Self-Barring Unauthorised URLs. In the case of a Malta Gaming Authority (MGA) license application, at the final approval. The MGA is considered a flagship authority within the gambling industry, and the Maltese Gaming License enables private operators to provide iGaming and online sports betting in or from within Malta. B2C Gaming license: This license is offered Business to Customer. Regulatory Regime A strong and highly reputable gaming legal regime makes the Maltese gaming licence the best solution to any operator. </p><p>So here are ten reasons to re-locate to Malta, a pro-business country with a rich history, enjoying welcoming weather during most of. • Management: should be read as referring to the directors, or other staffClass 1 on 4 Remote Gaming License. The Malta license, issued by the Malta Gaming Authority (MGA), has long been celebrated for its robust framework and favorable regulations. One of the major questions one needs to deal with when launching an online gaming project is the right jurisdiction for obtaining a gambling license. newsHowever, the Maltese license carries more weight among bookmakers and always instills confidence in players. Both B2C and B2B licences allow you to operate anywhere in the world, where it would not be illegal to do so. The price of the Remote Gaming B2C Operator, Remote Betting B2C Operator, and Other Remote B2C Gambling Products will be £100,000 for a five year license. The company must open a physical Maltese office. Overview. Class 2:- It is mainly tailored and designed for sportsbook operators. There are about 80 different Internet casinos that hold licenses on the isle of Malta. The 2018 Gaming License Fees Regulations provide for: (1) a fixed license fee payable by operators yearly in advance and (2) a monthly variable fee (known as the "Compliance Contribution") payable only by B2C operators. The proposed overhaul aims to repeal all the existing gaming legislation currently in force by replacing the latter with a. Since its inception, GGNetwork has been operating under a license issued by the Government of Curacao. An important requirement to get a Maltese license is that a major part of operations must be physically based in. Malta is one of the largest and most respected regulated gambling markets in the world. Operated by TSG Interactive Gaming Europe Limited, a company registered in Malta under No. The Maltese Gaming Authority is issuing a stark warning against "unauthorised remote operators" serving Maltese players. Class 3: peer to peer gaming and betting exchanges. If you are considering opening an online casino, my suggestion is to forget about a Maltese licence and opt for a Curacao licence”. Of course, the financial side cannot be regarded as the advantage of. Slotsoo Exclusive Bonus Safe & Playful MGA Casino 1000+ Slots & Betting Markets. The license covers the types of games to be offered, along with the services to be provided, either Business-to-Business (B2B) services or Business-to-Consumer (B2C) services. It is the world's biggest iGaming festival and is held annually on the island. This is a fit for large market players who have. The Maltese license is the most prestigious license in the gambling world. 438. Ensuring that all players' funds are covering the amount in full held at the Company banking systems weather true it's banks or online wallets. The Maltese Gaming Authority (MGA) regulates all gaming activities in Malta and provides licenses to operators who meet the requirements set out by the MGA, such as having adequate financial resources, technical capabilities, and an. But easing up on taxes has by no means hurt the Maltese government; in 2019, the gaming industry generated €80 million in compliance contributions, license fees, levies, and consumption taxes. Online virtual sports game supplier Golden Race has announced that they've been granted a gaming license by the Malta Gaming Authority, which will allow the group to offer their services to operators in the jurisdiction. Zammit, senior associate at Maltese law firm. We can assist you too to open bank accounts –. Unlock the secrets to obtaining a coveted gaming license in Malta – a mecca for online gaming and gambling enthusiasts, boasting a rigorous licensing system that sets the standard for the industry. Overview. Malta is an attractive state for the gambling industry due to its loyal legislative framework and moderate taxation. The Malta Gaming Authority has issued specific licence fees which apply to (Business-to-Customer) and (Business-to-Business) operations in Malta. 99 times out of 100, you will not get yourself a Malta gaming license. 438. One Casino Limited is registered in accordance to the Maltese law with registration number C 73399. Malta Online Gambling Licensing. Our team helps you in acquiring your Curacao gaming license through a stepwise process:-. Many. The Gaming Act brought with it not only a change to the license categories, but changes to license fees and gaming taxes, too. The Malta Gaming Authority ( MGA) (formerly the Lotteries and Gaming Authority) ( LGA) is the gaming control board of Malta. An online gaming company in Malta has been hit with a €386,000 fine for anti-money laundering violations. THere are 2 different classes of gaming licenses in Malta: the Critical Gaming Supply License (or the B2B License), which is a business-to-business license, and a. New types of gaming licenses will be introduced in Curacao in the summer of 2023: C2B Curacao gaming license is new, adaptable, cost-effective, and supportive of gaming professionals’ needs. MGA/B2C/213/2011, awarded on August 1, 2018. Judicial power in Malta is in the hands of the Chief Justice and the Judiciary. In-line with the Player Protection Directive (Directive 2 of 2018), operators must provide responsible gambling tools, to assist players in managing their gambling in a safe and sustainable manner. The MGA issues permits for B2B and B2C gambling services. Operated by TSG Interactive Gaming Europe Limited, a company registered in Malta under No. operates under Maltese gaming license C 27613 and is certified by the Malta Lotteries and Gaming Authority. The Maltese legal system is a hybrid of. The Gaming Act also extended the validity period for Maltese licences from five to 10 years. The MGA is considered a flagship authority within the gambling industry, and the Maltese Gaming License enables private operators to provide iGaming and online sports betting in or from within Malta. More. Offering an efficient license process, low gaming taxes and an attractive refundable tax credit & tax consolidation system, Malta is the I-Gaming hub in the EU. com The Malta Gambling Authority (MGA) issues licenses for a wide range of gambling activities including online casinos, sports betting, horse racing betting, and poker. 9 Million with No Debtother EEA gaming regulators accept Maltese incorporated companies to hold a gaming license in their jurisdiction, with jurisdictions such as Denmark, Sweden, Greece, Romania, having more than 50% of their licensees being a Maltese company;. or starting the online gaming business it is very important to hold the gaming licenses and you can get an online gaming business license from the Curacao gaming company. There are 4 types of Maltese licenses, each necessary for conducting a particular type of gambling activities: Class 1 – for casino games, skill games and lotteries, Class 2 – for betting, Class 3 – for peer betting and betting exchanges and Class 4 – for software vendors. Rare opportunity to own Maltese casino resort. You can start your sports betting business securely. Submission of the Company's Accounts / Financial Audit and other MFSA needs. Today we want to tell you why many successful projects prefer the Maltese gaming license, what benefits this solution has, and how to get a work permit here. The Malta Gaming Authority ensures that licensed gaming operations are fair and transparent to all players, prevent crime, whilst protecting minors and vulnerable players. 1% to 1. Companies operating in the Maltese gaming industry are required to. The Malta Gaming Authority ensures that licensed gaming operations are fair and transparent to all players, prevent crime, whilst protecting minors and vulnerable players. Also, there are 4 B2C types of licenses: 1 – gambling against the computer, so-called games of chance (online casinos); 2 – bookmaking; 3 – gambling between customers; The Maltese Income Tax Act and the Value Added Tax (VAT) Act regulate the taxation system. The process and procedure to acquire this license are much simpler when a comparison between Curacao and Malta gaming licenses takes place. 5 billion ($27. All your sensitive data is protected by the latest SSL encryption technology also used by the world’s biggest financial institutions. Command VigoLex legal services for obtaining Malta gambling user 👉 Maintaining an official Malta gambling genehmigung 🤝 Qualified legal customer for getting Malta gambling license ⚖️. Single license for different types of gambling. Licenses are granted by Malta Gaming Authority (“MGA”) under the provisions of the Gaming Act, Cap 583. The land-based and the traditional casinos are not only legal in Tanzania, but online gambling is also a legal thing in Tanzania. Banking needs: To receive payment from their merchant account outside of the EU – SWIFT EURO. Overview. Maltese Gaming License. Operated by TSG Interactive Gaming Europe Limited, a company registered in Malta under No. You’ll get the license as fast as humanly possible. Only when issuing an activity licence or operating permit is the company able to start offering gambling at the gaming locations specified in the operating permit. Maltese gaming legislation and regulations provide for a number of responsible gaming requirements, aimed at protecting minors and vulnerable persons from unscrupulous operators. Class 3: License to promote and abet gaming from Malta (includes betting exchanges & poker operations) Class 4: License to host and manage online gaming operators, excluding licensee himself. investors commend the work ethic of the Maltese who generate high quality work at a fraction of the cost of other European countries. Malta issues B2C licenses of the following four types: Class 1 – Games whose outcome is determined by a random number generator: casino,roulette. In addition, the licensing application procedure is fast, yet offers a. Contact us Gaming Licence Types B2C Gaming Licence – Business to Customer Understanding the Price of a Gaming License for Sale in Malta. Media Partners. LAWGAMBLING - Gaming License. com. ”Leading provider of video bingo games for the international gambling industry Zitro today announced that Zitro Interactive, its digital arm, has been granted a Class 4 gaming license by the Malta Gaming Authority. There are a number of advantages to obtaining a Maltese gaming license, and among them, we mention: • Credibility in front of the players is much greater when they discover that the respective online betting platform in Malta has a license. In Malta, there are four types of gaming licenses, which are: Category 1 – Chance Games Played Against the Casino: This sort of license covers casino-style games, such as blackjack, roulette, and slot machines, in which the player wagers against the house. This. The Malta Gaming Authority (MGA) issued a notice of license cancellation to AMGO iGaming Malta. The Malta gaming licence is open to applications from non-Maltese enterprises based in the EU/EEA. License No. Malta Gaming Authority. But there is a gaming control act in the country that is to control the illegal gambling activities inside the nation. 4. The Maltese jurisdiction regulates the satisfactory operation of interactive games, players’ protection and prevention of money laundering. Licenses are granted by the Kahnawake Gaming Commission under the provisions of Kahnawake Gaming Law and Regulations concerning Interactive Gaming. Submission of a package of documents to the MGA (Malta Gaming Authority), which includes a written application with a request for a permit, a business plan, information on founders and managers of the company, and other documents. although day-to-day anti-money laundering (aml) checks may be delegated to the administrator, the mlro is. We have been serving the gaming industry for over 40 years. Online gambling is regulated in Malta by the Malta. gaming supply of such importance that any weakness or failure in its provision could have a significant impact on the operator’s (a) ability. Our iGaming Law Services. Reputable license. The Regulations also classify ‘other games’ under Part VIII of the Gaming. Operators that are regulated by the Malta Gaming Authority can provide their services all across […] The new laws on gaming in Malta has restricted the licensing categories to 4. 25%; But easing up on taxes has by no means hurt the Maltese government; in 2019, the gaming industry generated €80 million in compliance contributions, license fees, levies, and consumption taxes. A Maltese gaming licence does not restrict operators to only accepting bets from Maltese players. 20. Class 2 – Remote license for sports betting. Revaz Tabukashvili Str. Gaming Tax in Malta: With regard to gaming tax, different rates apply depending on the type of gaming license all of which however are capped at €466,000 per license each year. The country legalises the work of land-based halls. For B2C type 1-3, the fee is €25,000, and for type 4, it is €10,000. However, most operators go for it because. The Remote Gaming Regulations issued in early 2004 by the Lotteries and Gaming Authority (LGA) enhanced the existing rules and further. The Malta Gaming Authority announced Tuesday the cancellation of three authorizations to operate gambling, corresponding to brands Morpheus Games, M-Hub Gaming, and eGaming Lab. Company incorporation — company incorporation in Curacao and Malta. +995706070360. Types of Maltese gambling certificates. There are four types of Gaming Licenses in Malta: 1. Is it legal to offer gambling for residents in EU jurisdictions in which an operator does not hold a license, yet is authorized in another – this is the issue that is about to find an answer after an Austria-based litigation financing firm filed legal claims against gaming companies licensed elsewhere including Malta. 2019-12-09. 4. " The Maltese online gambling license is one of the most sought after in the world. Malta offers four different types of licenses. Gamble online-casino licenses malta. The lawyers accused Schembri of tabling Bill 55 to amend the Maltese Gaming Act to “accommodate the gaming companies registered in Malta”. A gaming license is required whenever a Maltese or EU/EEA company intends to offer a gaming service from Malta, to a Maltese person or through a Maltese legal entity. In 2019, GGNetwork left several European countries, and now six months later, it became clear that the site made. All Malta casino sites must adhere. The licence for gaming activities in Malta is available to operators, bookmakers, owners of poker rooms, and lottery sites. As regards casinos, the Gaming Act (Chapter 400 of the Laws of Malta) establishes that licensees shall pay a rate of tax based on the total gross takings of all games played at the casino. Malta Gaming Authority The Malta Gaming Authority is one of the most recognised gambling jurisdictions in the world. The Malta Gaming Authority issued 75% fewer new gaming licenses in 2022 when compared to its peak year of 2018, figures show. операционный банковский счет; 5. An online gaming license is a legal document issued by a regulatory authority that allows gambling operators to run online casinos and sportsbook platforms in certain regions or territories. In addition, the licensing application procedure is fast, yet offers a. CSB Group offers a “one-stop-shop” service to online gaming operators by assisting in setting up / re-locating their iGaming operation to Malta. The main language spoken in the Republic of Malta are English and Maltese. Now they are offering two types of gaming licenses they are B2B and B2c gaming licenses. Gaming operators have an obligation at law to segregate and protect their players'/customers' funds. Interested parties can search by licensee name, authorisation status, URL or Gaming Service. Types of Maltese gambling license. The Malta Gaming Authority (MGA) is the body that regulatesmaltese gaming and corporate needs. It makes Maltese gambling license a guarantee of the quality for both casinos and players who are using a gaming provider. A Maltese online gambling license is by far the most common for operators looking to offer their services across Europe and beyond. C54266, with registered office at Spinola Park, Level 2, Triq Mikiel Ang Borg, St Julians SPK 1000, Malta. Gaming Limits and Reality Checks . bet on Maltese Gaming Authority license during the quarter Investment continued in building out Technology team and platform development as well as to achieve scale in back-office functions Cash Jumps $11. 8 per cent of total household consumption expenditure. Developer of 3D HTML5 gaming content for the online gambling industry Stakelogic Malta Ltd. Furthermore, a licensee for Malta gaming license (for B2B class) is subject to minimum issued and paid-up share capital requirements: Type 1 – Minimum €100,000. The permits were canceled over the failure to pay their license fees. Moreover, the jurisdiction has maintained a solid. Whether land-based or online, all Malta-licensed casinos answer to them. Malta's gaming license There are a number of reasons why acquiring a Maltese online gaming license is a benefit. Malta is the second most popular online gambling jurisdiction. Our set-up of four partners and over sixty professionals comprises lawyers, tax advisors, intellectual. 40-1. Non-refundable Fixed Annual Licence Fee. The Malta Gambling Authority (MGA) issues licenses for a wide range of gambling activities including online casinos, sports betting, horse racing betting, and poker. Type 3: €40,000 - Includes poker rooms and peer-to-peer (P2P) gaming like poker, bingo, and betting exchanges. com;. On this map, you may see on the example of online poker that in most popular gaming destinations the license is necessary to operate legally without the risk to lose a business, the money and a few years of your life. Player protection: Licensed Maltese online casinos are. Unlock the power of the Maltese gaming market with a coveted gaming license! Businesses that secure this license gain access to a thriving. Our Work Annual Reports & Audited Financial Statements Regulatory Framework Partnerships Publications Consultations Guidance Notes News. As discussed earlier, this is also a type of gaming license. Over 250 registered online gaming companies on the Maltese Islands, more than 600 licenses issued and a strong Maltese and international workforce of around. For GGPoker, it extends the network’s geographic footprint and will make it easier to work with third parties already operating under a B2C Maltese license. A notable benefit of being licensed in Malta is that the jurisdiction is on the “white-list” issued by the United Kingdom Gambling Commission. It must feature data on the company's operations, ownership, and the games. Get exclusive CAP network offers from top brands View CAP Offers. Malta Gaming License and Reports. SBTech has been awarded a full Class 4 Remote Gaming License by the Maltese Gaming Authority. However, companies may be eligible for a reduced tax rate of 5% under the Maltese Gaming Tax Regulations. Maltese Financial Intelligence Analysis Unit (FIAU), said the online gaming company, Online Amusement Solution Limited, failed to. For B2B operators providing the. Kahnawake Gaming License. Other benefits include competitive licensing fees and appealing tax rates. The Gaming sector is a dynamic and growing sector in Malta, and is regulated under the provisions of the Gaming Act (Cap. They will also find it easier to open bank accounts, enter third party agreements, and offer services to international clients. The Maltese licence adds to SBTech's ever-increasing portfolio of European permits, as the company continues to expand its operations across the continent and beyond. Dr Silvana Zammit, Partner at Chetcuti Cauchi Advocates, a leading international law firm based in Malta, Cyprus and London, will explore the characteristics of Malta’s i-gaming license and in particular, the process leading to the attainment of a license, practical tips and post-licensing compliance. It has obtained its license from the Malta Gambling Authority to prove its trustworthiness. This means operators with a Maltese gaming license are able to advertise their services to UK residents. C. Here are the countries listed under the Malta gaming license that will help you in grasping the knowledge over it; Malta is the smallest nation in the European country but around 180 countries come under this Malta gaming license. With a Mission Statement of: “To regulate competently the various sectors of the gaming industry that fall under the Authority by ensuring gaming is fair and transparent to the players, preventing crime, corruption and money laundering. 100% extra and 300 free spins with a first deposit. It regulates most forms of gambling in its territory, including both land-based ( casino, amusement and slot machines, betting offices, fantasy sports, and lotteries) and online gambling services including B2C and B2B. License No. The new types of gaming licenses issued by the MGA are: - the class 4 license for companies selling gaming software. A recent analysis carried out by The Shift showed how in 2021, the year in which Malta was grey-listed by the international Financial Action Task Force, new license registrations halved when compared to the. B2B gaming license in Malta — it is a license granted to game developers or key software providers to game platform operators. The privilege of selling distilled spirits to-go comes only with an off-sale general license (Section 23401). Overview. Advantages of the Maltese License: Gambling in the EU: Malta is a member of the EU, which gives one significant advantage: Malta is allowed to engage in gambling activities not only under a Maltese License, but also under a license from any of the other EU countries that are included in the list of “reliable countries” of the Malta Gaming Authority – MGA Malta Gaming License is especially valued because it serves as a kind of safety guarantee. A gambling license is required if you plan a gambling business in Malta. Operators are allowed to apply for more than one license, provided they pay the required fees. Gaming tax due in terms of the Gaming Tax Regulations (S. The gaming board also goes through the character and ability of the. Upon obtaining the license, the Licensee is to submit a “Go Live Date” which can’t be later than 60 days since receiving the license. Some of the services Gaming Licensing provides include company registration with designated authorities, helping casino operators obtain Curacao and Maltese gaming licenses, gathering the needed documentation, hosting services, payment systems integration including many cryptocurrencies, providing help with the certification of your. An iGaming licence may be provided for any one or all of the. We collect and submit a package of documents necessary to obtain a general license and any of its forms, for instance, for the MGA laser battle game. Some common errors will be pointed out; however, you are responsible for reading and [email protected] License Features The Malta Gaming Authority, or MGA, is one of the most respectable gambling authorities that grant gambling licenses. The Maltese licence adds to SBTech's ever-increasing portfolio of European permits, as the company continues to expand its operations across the continent and beyond. Stages of Casino Licensing in the Jurisdiction of Malta. 3. The Maltese regulator has the authority to make the final decision on whether a game is licensable or not. 6% year-on-year growth according to data from the 2019 report of the Malta Gaming Authority AKA the MGA. In Malta, there are four types of gaming licenses, which are: Category 1 – Chance Games Played Against the Casino: This sort of license covers casino-style. Unlock the power of the Maltese gaming market with a coveted gaming license! Businesses that secure this license gain access to a thriving industry that’s only getting bigger. The Subsidiary Legislation addresses various aspects of gaming operations, such as the protection of. The Gaming License Summary information provides the main types of businesses and accompanying gaming licenses available to those businesses in a two (2) page handout. Class 4: it concerns software vendors. Maltese citizens were estimated to have spent around €125 million in gaming services during 2015, which is around 2. Affiliates. The Malta Gaming Authority (MGA) issued a notice of license cancellation to AMGO iGaming Malta. com Businesses for sale All BusinessesIn addition, there is a well-licensed site with the Maltese Gaming License (MGA/B2C/314/2015) and tax-free winnings. The Malta online license comes with a whole host of benefits. MGA/B2C/213/2011, awarded on August 1, 2018. The Malta Gaming Authority (MGA) is the organization in charge of overseeing all gambling-related activities in Malta. Player Hub Licensee Register Lodge a Complaint Safer Gambling Self-Barring Unauthorised URLs. There are various Gaming license types in Malta and one can choose to either apply for a B2C license or a B2B license. The United Kingdom, Sweden, Germany, and Italy are among the nations that accept a Maltese gaming license. The Malta Gaming Authority Offers 4 Different Gaming License Types: Class 1 – Is a remote gambling license given to operators to control their own risk on the repetitive games offered by them (best for lotteries and casino games). However, the MGA. i Definitions. Each heading holds a comprehensive list of all operators. I-Gaming & Affliates. A license is issued for a period of 10 years. Maltese VAT-ID MT24413927. mobile, telephone and digital TV) can be operated under the Maltese remote gaming licensing system. Tel: +356 2546 9000. This can be a wrong move if you’re a startup and have no revenue yet. Political Structure & Legal System. (PRESS RELEASE) -- SBTech, a world-leading provider of online sports betting solutions, management services and iGaming platforms, has been awarded a full Class 4 Remote Gaming License by the Maltese Gaming Authority. The gaming possibilities include casinos, scratchcards, sports. The Maltese Gaming License allows companies to provide gaming services in or from within Malta. Some large betting companies, among them bwin and tipico, have set up residence in Malta as well. The gaming industry has grown exponentially; in 2018 alone, it generated over €2 billion ($2. The Malta gaming license provides the operator with far more options for payment providers, merchants, and bank accounts. Combined transient lodging tax returns are due monthly. Michael Psaila and Dr. Class 1: Online Gaming License. 56bn from gaming in 2019, which represents a 9. The Maltese gaming scene, with its solid regulatory environment bolstered by the Malta Gaming Authority (“MGA”), has proven to have become a very popular gaming platform for companies wanting to operate within this sector. Online gambling is regulated in Malta by the Malta. Class 2 – a remote betting licence for sports (fixed-odds) betting. The Curacao income tax is just 2% and is not subject to VAT or corporate profit tax. F: +356 2557 2558. The requirements for a Maltese gaming license are as follows: One shareholder – a physical or legal body; At least one resident director – a physical body; Two banking accounts – operational expenses account and account for holding client funds. We hold our license with the Malta Gaming Authority (MGA). The MGA is responsible for the issuance and renewal of Malta’s gaming licenses. Another reason why Malta is ideal for gambling operators is because of the fact that they can avoid paying tax, which is a huge incentive for the companies. In addition, the licensing application procedure is fast, yet offers a. mt or +356 2546 9000. Next, we will examine what taxes you need to pay after obtaining a Maltese gaming license. Firstly, the Malta Gaming Authority (MGA) is one of the most respected in the world, and holding a license from it is seen globally as a vote of confidence. Green – online poker doesn’t require a specific license. Full gaming license for casino with live table games and slots. This is a so-called sublicense that allows the organization of games "for luck" and "for experience," which are conducted under the license of Class 4. Firstly, the Malta Gaming Authority (MGA) is one of the most respected in the world, and holding a license from it is seen globally as a vote of confidence. It is calculated at the rate of 5% on gross gaming revenue generated for the relevant tax period. Therefore, Maltese remote gaming companies will only pay the applicable gaming tax of 5% on gaming revenue generate from Malta-based players. The required share capital is 100,000 euros. It allows operators to organize casino type games and online lotteries. Cyprus. The Malta Gaming Authority may decide to classify a game as licensable or exempt, as well as to determine whether a game is a skill game or a controlled skill game, with the latter warranting an ad-hoc licence, through rulings or other binding instruments. We have come up with a list of the MGA's regulatory objectives below. Non-refundable Fixed Annual Licence Fee for. Malta Gaming License Cost. To obtain a Malta gaming license, an operator must meet strict requirements in terms of financial. Getting a Curacao gaming license is a start, but ensuring compliance with the legal and technical requirements of the regulator is an ongoing process. However, while gambling is popular with. 99 times out of 100, you will not get yourself a Malta gaming license. The full licensing process goes in 5. If you’re looking to get a slice of the action but are unsure about how the application process works, you’ve come to the right place. Stage №1. When looking at the Maltese landscape with particular focus on the protection of player. They grant licences to gaming providers with the aim of creating a safe and regulated environment for players within the county’s borders. The Mediterranean island nation of Malta is one of the most popular and prestigious jurisdictions for gaming licenses in the world, not only because the country is a European Union member state and has been offering online gaming regulation since 2004, but also because the corporate infrastructure on the island for gaming companies in. Company industry: Online gaming. These Maltese gaming licenses are also the type of gaming license and the procedure is very simple than the Curacao gaming license. Gaming Taxes in Malta depends on the gaming license class and type of games offered: Casino-type games: €4,600 per month during the first six months after issue of the full licence and subsequently €6,900 per month for the entire duration of the licence period. The application process for a Malta gaming license is detailed and requires a significant amount of documentation. The Maltese licence adds to SBTech's ever-increasing portfolio of European permits, as the company. This means that Maltese gaming sites can advertise directly to the lucrative market that exists in the UK, and Malta bookmakers can create a potential client base even there. It regulates most forms of gambling in its territory, including both land-based ( casino, amusement and slot machines, betting offices, fantasy sports, and lotteries) and online gambling services including B2C and B2B. Licenses are issued for a 5-year period and can be renewed. It provides a variety of licenses, including B2C and B2B versions. List updated 31 Oct 2023. B2C Fixed Annual Licence Fee. This course is aimed at providing learners of foreign nationality with Maltese literacy skills (speaking, listening reading and writing). The Malta Gaming Authority, or MGA, was set up in 2001; it aimed to regulate various gaming industry sectors falling under its authority. Any gaming company wishing to target Maltese players or otherwise carry on gaming services in or from within Malta would need to apply for a gaming license with the MGA. Andrea Theuma. The Malta Gaming Authority, or MGA, is one of the most respectable gambling authorities that grant gambling licenses. Malta Gaming Authority The Malta Gaming Authority is one of the most recognised gambling jurisdictions in the world. Submitting an application takes more time and is considered quite complicated. It’s a major milestone for BGaming allowing it to. Category: Success stories. com. In this case, the operator of Class 4 may be the company owned by the Class 1 operator, or it may be an independent operator. Class 3 – Is a license issued for. At the industry level, gambling and betting activities in Malta comprise land-based casinos, gaming parlours, lotto receivers, the National Lottery operator, and online gaming companies (excluding activities of B2B operators). The Malta Remote Gaming Licence Application Process. Remote Betting License. Operated by TSG Interactive Gaming Europe Limited, a company registered in Malta under No. Class 3 – a licence to advertise gaming in or from Malta (suitable for poker rooms and peer-to-peer gaming) Class 4 – a licence to host and manage remote gaming operations (this is essentially a B2B gaming licence) Horse racing and spread betting are the two types of. You get your gaming license by following a proper procedure. In addition to administrative fees as per the fourth schedule found under the Gaming Licence Fees Regulations (S. , N 45, area N 7. Thus we offer and suggest tailor-made solutions and services which perfectly fit your business needs. Types of Gaming Licenses in Malta. . Companies operating in the Maltese gaming industry are required to use. The lawyers claimed that the Maltese government was trying to fast-track the legal changes, which would prevent Maltese courts from enforcing sentences handed down against Maltese gaming companies. The gambling business tax is 1% from revenues. They will also find it easier to open bank accounts, enter third party agreements, and to offer services to international clients. Application Procedure. Type 2: €100,000 - Encompasses fixed odds betting. Prove that you are self-sufficient financially. Want to start a gaming business in Malta? We have a wealth of expertise in incorporating companies and strengthening operations & international tax planning. Firstly, the Malta Gaming Authority (MGA) is one of the most respected in the world, and holding a license. B2B gaming license in Malta — it is a license granted to game developers or key software providers to game platform operators. The Maltese licence adds to SBTech’s ever-increasing portfolio of European permits, as the company continues to expand its. You will need to open at least two banking accounts before the license is issued: operational account; gamer account to deposit the funds of the players. When you have the B2C license there is no longer requires for the new license per class of game. The EIRA provides the basic legal framework, regulating the main conditions of employment in Malta. As is usual in many other jurisdictions, websites that have been granted a Maltese gaming license are not allowed to offer or take wagers from Maltese citizens. Game Types; Licence Number Game Type Approved Service Providers Approved Vertical Approved; MGA/B2C/145/2007: Type 1 Gaming Services • Evolution NetEnt Malta Limited MGA/CRP/109/2004 • Microgaming Europe Limited MGA/B2B/139/2007 • CasinoOperated by TSG Interactive Gaming Europe Limited, a company registered in Malta under No. Renowned throughout the world, a platform operating under the supervision of the Malta Gaming Authority will find many doors opened to them. Blue – online poker requires a specific license. Therefore, a gaming license in Malta is a good choice for businessmen who have experience in the gambling industry and obtained licenses in other jurisdictions before. Shareholders: 70% UK company, 30% Swiss individual. Holders of a gaming license in Malta are usually required to pay a 5% tax on gaming income as well as an annual license fee and other fees depending on the specific circumstances and operations. Malta gaming license cost. Moreover, the Maltese license serves as a blueprint for compliance with the varied and sometimes complex regulations of different Asian countries, streamlining the expansion process. How can we help you today?A Recognition Notice is a notice issued by the Authority whereby an authorisation issued by another Member State of the EU or the EEA, or a State which is deemed by the Authority to offer safeguards largely equivalent to those offered by Maltese law, is recognised as having the same effect as an authorisation issued by the Authority for the purpose of providing a. For example, in the state of Nevada, the cost of a gaming license is only $500. C54266, with registered office at Spinola Park, Level 2, Triq Mikiel Ang Borg, St Julians SPK 1000, Malta. Class 2 – Games the outcome of which is not determined by a random number, but an independent event. The bill strips Maltese courts from having the authority to award damages in certain gaming-related legal disputes.