Gaming

Gaming

Related Articles

Malta is considered to be the European hub for remote gaming and through the years has established itself as a serious and well-regulated European jurisdiction within this sector. The reputation, gathered together with the favourable licence costs and tax regime, continues to make Malta the jurisdiction of choice for gaming operators.

The root of this is highly attributed to the Remote Gaming Regulations which were published in April 2004, placing Malta as the first member state of the European Union to regulate remote gaming.  Remote gaming in Malta is regulated by the Remote Gaming Regulations 2004 issued under the Lotteries and Other Games Act 2001 ("LOGA").

Malta Gaming Authority (MGA) is the single regulatory body for both land-based and remote gaming activities in Malta. Malta hosts over 400 licences for remote gaming operations which are held amongst over 250 companies.

Licensing Process

The licensing process for obtaining a Remote Gaming Licence involves the submission of an application form and other relevant documentation where the MGA assesses whether an applicant:

  1. Is fit and proper to conduct gaming business;
  2. Is correctly prepared from a business strategy perspective;
  3. Has the operational and statutory requirements to meet the legal obligations expected by Maltese Law; and
  4. Implements what has been applied for, on a technical environment before going live and successfully completes the systems audit.

Before commencing operations, the licensee must appoint a Key Official who must be approved by the MGA as fit and proper.  The Key Official, who must also be a director of the company, acts as the primary point of contact with the MGA, who personally supervises the operations of the licensee and ensures that the licensee is compliant with all applicable laws and regulations or any conditions issued by the MGA.   

Types of Licences

Companies who wish to operate an online gaming company in or from Malta must possess a valid licence of the relevant class issued by the MGA. Applicants may apply for either or all of the following licences:

  • Class 1 - for operators managing their own risk on repetitive games. This class covers casino-type games, skill games and online lotteries.
  • Class 2 - for operators managing their own risk on events based on a matchbook. Under this class falls fixed odds betting, pool betting and spread betting.
  • Class 3 - for operators taking a commission from promoting and/or betting games. This class includes P2P, poker networks, betting exchange and game portals.
  • Class 4 - to host and manage remote gaming operators, excluding the licensee himself. This is intended for software vendors who want to provide management and hosting facilities on their platform.

Operators may also obtain a Class 1 on 4, Class 2 on 4 or Class 3 on 4, wherein such case the operator does not own the software but is being hosted and managed by a Class 4 operator.

For more information about remote gaming in Malta and such licences read the factsheet below.

Remote gaming in Malta

Button

Skill Games Regulations

New regulations (the "Regulations”) applicable to skill games published by the Malta Gaming Authority (the “Authority”) provide that all skill games organised in Malta, provided from the territory of Malta or promoted or offered to persons in Malta shall be regulated with the burden of proving that an activity is a skill game resting on the party operating or promoting such an activity.

We can help you assess if these changes will affect your business in any way or what your what measures your organisation will need to take up to comply with such regulations.

We answered some questions you might have or speak to Oliver Zammit | Director, or Antoinette Scerri | Senior Manager today for more information.

Skill Games

Button

Why Malta?

  • Experienced & reputable regulator;
  • Well-regulated remote gaming jurisdiction which safeguards the interests of both operators and players;
  • Attractive tax regime for both companies and individuals;
  • An extensive network of double tax treaties;
  • Established and well-regulated financial services institutions;
  • Excellent telecommunication infrastructure;
  • Political and economic stability;
  • Top business support services specialised in the gaming industry; and
  • A safe, secure and pleasant lifestyle

How can Nexia BT assist?

Nexia BT can provide assistance for a portfolio of services in connection with the gaming industry in Malta, including incorporation and tax advice of the appropriate corporate structures, assistance in the licensing application, provision of Key Official, tax compliance, accounting, assurance and IT Audit services.

Whether you want to start-up your business operations in Malta or you plan to relocate your established business to Malta, we are committed to offering and devise a tailor made service to your company needs.  We understand that the gaming industry has specific needs and our services are intended to cater for them.

Disclaimer: This marketing material has been issued by Nexia BT, having registered address at The Penthouse, Suite 2, Capital Business Centre, Entrance C, Triq taz-Zwejt, San Gwann SGN 3000, Malta. Any information within this brochure should be taken as a general guide only and should not be taken as advice and its application to specific situations will depend on the particular circumstances involved. Readers are recommended to seek professional advice and should not rely on information provided in this brochure as a substitute for such advice. While all reasonable attempts have been made to ensure that the information contained herein is accurate, Nexia BT accepts no responsibility for any errors or ommissions it may contain, whether caused by negligence or otherwise, or for any losses, however, caused, sustained by any person that relies upon it. BTI Management Limited is a registered as a Company Service Provider by the Malta Financial Services Authority. BT International Limited is authorised by the Malta Financial Services Authority to provide fiduciary services which do not include acting as a Trustee. Both companies form part of Nexia BT Group.

More