• Online Gambling Companies Malta Italy
• Online Gambling Companies Malta New York
• Online Gambling Companies Malta International

The online gambling industry is regulated by the Lotteries and Gaming Authority (LGA) in Malta, established in 2002. LGA is responsible for control all gambling activities in Malta such as casino gaming, commercial bingo games, commercial communication games, remote gaming, sports betting, National Lottery and non-profit games. Casinos licensed under a Malta Gambling License can offer services to players in over 180 countries. It is far simpler to list the countries where the Malta Gambling License can not be used: USA, Australia, China, Hong Kong, Macau, Turkey, Iran, Iraq, Syria, Indonesia, and Malaysia. Sliema, Malta Online Gaming We are a European company with a wide range of sports and casino games under a controlled and secure environment. Our online support is ready to help you with any difficulties that you may have. Experience the exciting world of online gaming! Gambling companies aren't complaining. A spokesperson for Betsson said the company would continue hiring and growing its business in the country, countering talk that the Swedish online gambling operator was thinking of uprooting its close to 1,000 employees in Malta.

So you are looking for a Maltese gambling license. This document goes over the costs and processes in order to obtain the license.

NOTICE

Malta is not the cheapest jurisdiction to obtain a casino license in, if you are looking for a more affordable license then we suggest taking a look at a Curacao gambling license which is better suited to tighter budgets.

Why Malta?

Malta is part of the European Union which makes it a very attractive jurisdiction to obtain a gambling license in. It comes with tax incentives and an expert work force.

What this document covers

This document covers the end to end application process with the Malta Gaming Authority (“MGA”) as well as an overview of the related prices for the setup and the maintenance of a gambling company in Malta.

1. Malta Gaming Authority (MGA) license types
2. Malta gambling license application process
3. Malta Gaming Authority fees
4. Gaming Tax as Applicable by the MGA
5. Share Capital Requirements
6. Administration services
7. Key official Services
8. On-going operation
9. Financial Audit
10. How long does it take to get the Malta gambling license
11. How do I find out if a casino is licensed in Malta?

Malta Gaming Authority license types

The Malta Gaming Authority offers four types of remote gaming licenses:

• Class 1 – a remote gaming licence (examples of Class 1 licences would include casino-type games and online lotteries) whereby operators manage their own risk on repetitive games. It is also possible to have a Class 1 on 4 licence whereby the Class 1 licensee operates its games on the software and in certain cases through the equipment of a Class 4 licensee;
• Class 2 – a remote betting licence (an example of a Class 2 licence would include fixed-odds betting) whereby operators manage their own risk on events based on a matchbook. It is possible to have a Class 2 on 4 licence whereby the Class 2 licensee operates its games on the software and in certain cases through the equipment of a Class 4 licensee;
• Class 3 – a licence to promote and/or abet remote gaming in or from Malta (an example of a Class 3 licence would include poker rooms and peer-to-peer (P2P) gaming). It is also possible to have a Class 3 on 4 licence whereby the Class 3 licensee operates its games on the software and in certain cases through the equipment of a Class 4 licensee;
• Class 4 – a licence to host and manage remote gaming operators, excluding the licensee itself, whereby software vendors provide management and hosting facilities on their platform. In essence this is a business to business (B2B) gaming licence.

Malta gambling license application process

In order to prevent any unnecessary delays in the process, our clients will undergo a pre-application process together with the Malta Gaming Authority (MGA). This will ensure the quality of the application and will be followed by the actual application process that consists of a number of steps:

1. 1) The MGA will conduct a fit and proper exercise by assessing all information related to those involved in financing and management and on the business viability of the operation. In addition the MGA conducts integrity investigations with national and international regulatory bodies and law enforcement agencies.
2. 2) The MGA conducts an in depth financial analysis of the applicant’s business plan. It is expected to include a detailed forecast of the operation together with details pertaining to marketing and distribution strategies, HR planning, and growth targets.
3. 3) Operational and Statutory – The applicant is examined on the instruments required to conduct the business. This process includes examining the Company’s incorporation documents, the games, the business processes related to conducting the remote games, the rules, terms, conditions, and procedures of the games, the application architecture, and the system architecture.
4. 4) The MGA will inform the applicant that the application was successful and will invite the applicant to implement onto a technical environment in preparation for going live. 60 days are allowed for the applicant to complete such operation. Within those 60 days, the applicant may request an external systems audit where the live environment will be examined against the proposed application. Once the certification process is completed, a five-year license will be issued by the MGA.
5. 5) Once the licence is issued, an independent third party will be contracted by the MGA to perform a number of compliance audits of the licensees operation throughout the first and the third year of operation.

Malta Gaming Authority fees

Annual licence fee

The annual license fee is paid to the MGA, previously this was a fixed fee for any class however as of 2018 this fee is changing as follows.

For a class 1, 2 or 3 license the annual fixed MGA fee is €25,000 and for a class 4 license €10,000. If a licensee has multiple classes of licenses (1, 2 or 3) the annual combined fixed fee is calculated on Gross Gaming Revenue:

Compliance contribution

The MGA has introduced this new fee which is based on Grosse Gaming Revenue and has minimal annual contributions which differ per class:

Gaming Tax as Applicable by the MGA

1. Class 1 – €4,660.00 per month for the first six months and €7,000.00 per subsequent month;
2. Class 1 on 4 – €1,200.00 per month;
3. Class 2 – 0.5% on the gross amount of all bets accepted;
4. Class 3 and Class 3 on 4 – 5% of real income;
5. Class 4 – No Tax levied for the first six months of operation, €2,330.00 per month for the subsequent six months, and €4,660.00 per subsequent month for the entire duration of the licence

Share Capital Requirements

When incorporating the company on Malta, the MGA requires that companies operating a class 1 or 2 license have a share capital of €100.000. For class 3 or 4 license holders this amount is €40.000. Companies applying for multiple licenses amounts will be cumulative.

An idea of corporate setup fees for a Maltese gambling company

Administration services

The above fees are per class of license.

Typically the fees will include assistance with the drafting of the business plan, financial prognosis, and system documentation.

Key official Services

A Key Official is a natural person, approved and licensed by the MGA to act as a main point of contact towards the said authority on behalf of the gaming company licensed in Malta. Key Official services cost on average €1,000 per month. This will also include the preparation and submission of the player liability reports of the company, gaming tax reports, the quarterly returns, completion of any other returns due by the company (such as questionnaires/consultation papers) to the MGA amongst other duties generally incumbent upon directors by application of the law.

Online Gambling Companies Malta Italy

On-going operations

If preferred a service provider can assist with the on-going daily financial and legal matters of the company. The type of service will depend on your personal preferences and below is an example of the services a gaming company may expect to be made available to them:

• Filing of the annual returns
• Preparing and processing bank transactions
• Preparation of bookkeeping and related annual financial statements
• Company VAT(quarterly), annual tax and tax refund filings
• Payroll services
• Mini One Stop Shop (Moss) VAT compliance
• Preparation of dividend warrants
• Certification of documents
• Legal administration (e.g. drafting/reviewing contracts or agreements)
• Liaising with the auditors
• Residency applications and opening of bank accounts for employees

Online Gambling Companies Malta New York

We would recommend negotiating fixed monthly fees to cover the above services allowing you to budget appropriately.

Financial Audit

Audit fees (external auditor) start at €1,500. The actual fee highly depends on the amount of activities within the company.

How long does it take to get the license?

Online Gambling Companies Malta International

Where can a Malta Gambling license be used?

Casinos licensed under a Malta Gambling License can offer services to players in over 180 countries.

It is far simpler to list the countries where the Malta Gambling License can not be used: USA, Australia, China, Hong Kong, Macau, Turkey, Iran, Iraq, Syria, Indonesia, and Malaysia. Some European countries are barred too: France, Spain, Italy, Portugal, Austria, Belgium, the Czech Republic, Slovenia, Lithuania, Estonia, and Denmark.

How do I find out if a casino is licensed in Malta?

It is not uncommon for casinos to “pretend” to have a Malta Gambling License. If you want to find out for sure if a casino is indeed registered and licensed in Malta you can visit
the MGA Gaming License Register for further information.

Malta has one of the more popular licensing authorities for
online gambling in Europe. The island is located in the
Mediterranean and is a full member of the EU. The country first
started regulating online gaming in 2000 via the Public Lotto
Ordinance. Malta then joined the EU in 2004 and thereby became
the first EU member state to regulate online gambling.

Today, all forms of gaming in Malta are regulated by the
Lottery and Gaming Authorities (LGA) under the Remote Gaming
Regulations, 2004. Malta appears to be one of the safer
licensing authorities in the world due to its strict standards
for gambling sites and status as a full member of the EU.
However, that hasn’t always proven to be the case in reality.

Is This a Legitimate Licensing Authority?

A license from Malta doesn’t mean much from the player’s
point of view. The LGA does appear to have strict licensing
standards, but only in theory. In practice, the LGA awards
licenses to operators fairly easily, and it doesn’t follow up on
many of the published safety standards required by the LGA.

Experienced gamblers look at a license from Malta as no big
deal. There have been numerous cases in which companies licensed
by Malta have confiscated player funds and refused to work with
players to have those funds returned.

Malta doesn’t involve itself in casino-player disputes. It
maintains the right to revoke licenses, but it does not seem to
follow through with much action when things go poorly.

On the other hand, a license from Malta isn’t a stamp of
death. PokerStars is the safest and most respected poker site on
the planet and it does have a license from Malta. The catch is that
PokerStars lives up to high standards of its own accord, and not
because of anything Malta does.

If you’re considering playing at a site licensed in Malta,
your best bet would be to continue to do your research. There
are both good and bad gambling sites registered under this
authority. You’ll have to let each site’s reputation speak for
itself. A license from Malta isn’t in itself a guarantee of
quality or lack thereof.

Licensing Process and Fees

There are four different types of licenses a gambling company
can apply for in Malta. The initial application fees aren’t
terribly expensive, but Malta does charge ongoing fees that add
up. With upwards of 500 sites licensed by Malta, these fees add
up to a significant source of income for Malta. The most recent
reports we could dig up indicate Malta earns roughly €50 million
per year from its licensing activities.

Below are the four types of licenses and their associated
fees. Note that all licenses incur an initial application fee of
€2,330, a system audit fee of €1,770 and an annual license fee
of €8,500 in addition to the following fees for each type of
license.

There’s also a cap of €466,000 per year in total taxes and
fees for any one license.

Class 1 License

A Class 1 license is issued to sites that have casino-style
games such as blackjack, roulette, and slots.

• €4,660 for the first six months
• €7,000 per month after that

Class 2 License

A Class 2 license is given to operators who manage sports
betting types of wagers that include a vigorish/juice.

1. 0.5% tax on total gross amount of bets placed

Class 3 License

A Class 3 license is issued to operators who take a
commission on peer-to-peer bets such as poker, bingo, betting
exchanges, and lotteries.

• 5% of total real income

Class 4 License

A Class 4 license is issued to those who manage and host
gaming operations. For example, software providers who manage
the games/bets but aren’t actually involved in taking bets for
their own profit.

1. No fee for the first six months
2. €2,330 for the next six months
3. €4,660 per month thereafter

If you have more questions or concerns about the different
types of licenses or fees you can always visit thie website or
contact them by phone or email. Below is all the contact
information for the Lottery and Gaming Authorities in Malta:

• Website:http://www.lga.org.mt/
• E-Mail:[email protected]
• Phone: +356 2546 9000