Class 3 – Advertising license revolving around poker and other types of peer-to-peer gambling. All documentation and information as per the SDC, together with the SDC, need to be submitted electronically through the Licensee Portal. In particular, the Application Fee in Malta is €2,330 and the Licence Fee equals €8,500. Malta is a Mediterranean island, which is also a member of the EU. The MGA has stringent licensing requirements and only issues licenses to operators who can demonstrate a high level of security, fairness, and financial. With online gambling still a relatively new phenomenon at the time, the MGA was one of the first to create official legislation and a regulated. Gaming license applicants should demonstrate the financial and technical ability to carry out gaming operations in compliance with Malta laws and regulations. Class 3 license will entitle the company to. The Malta Gaming Authority (MGA) considers that the Gaming Authorizations Regulations (Chapter 583. The Lotteries & Gaming Authority (LGA) is the organization responsible for regulating all gambling activity in Malta, including the issuing of licenses to online gambling operators. There are four types of license. 04 - Gaming Definitions Regulations. Information relating to the Compliance Contribution fee can be found in the Gaming Licence Fees Regulations (S. Class 2 – games with fixed odds, pool, and spread betting. Benefits of the Malta Gaming License. Founded in 2001, the Malta Gaming Authority (the MGA) is the official regulatory authority that supervises digital-based gaming and sports betting in Malta. There are currently over 500 gambling sites that are licensed by the organization. We expect it to become equally popular worldwide. com The Malta Gaming Authority (MGA) considers that the Gaming Authorizations Regulations (Chapter 583. Tbilisi. In October 2021, the Malta Gaming Authority (the "MGA") amended the Gaming Authorisations and Compliance Directive (Directive 3 of 2018). 583. The Malta Gaming License cost is generally determined based on the type of license and type of gaming service your company provides. CSB Group assists clients in obtaining a Malta Online Gaming Licence and provides support throughout the whole gaming licence application process. Revaz Tabukashvili Str. The yearly license cost ranges from EUR 10. 583 of the Laws of Malta) and other applicable. To be able to host their servers and platform for iGaming in Malta they will have to follow these (4) four Objectives technical guidelines from the MGA. What Is the Malta Gaming Authority? MGA casinos first came into being in 2001¹, when the Malta Gaming Authority – to give it its full name – was created precisely to regulate the online casino industry. This clause is contained within Regulation 10. Rootz is based in. Smarter business. The global gambling industry generate revenues in excess of $500 billion annually. TOP Rated. 1 CHAPTER 583 GAMING ACT AN ACT to make provision for the governance and regulation of gaming services and products from and within Malta, together with all such activities and matters that are ancillary or incidental thereto or connected therewith, and for the establishment and functions of the Malta Gaming Authority. 2023: New License procedure: New Curacao gaming license applications, application submission, Document collection, document preparation. 03 - Gaming Licence Fees Regulations. The Malta Gaming Authority (MGA) will grant an applicant with one or both of the following licences: Gaming Service Licence (B2C) A Business to Consumer licence to offer or carry out a gaming service. The UK Gambling Commission accepts licensing applications for both online and land-based casinos. Operators that hold a Malta Gaming License are also not allowed to operate in jurisdictions that have been blacklisted by the Financial Action Task Force on money laundering (FATF). It all started with regulation of the lottery in the early 1920s. The following services shall each constitute a gaming service: a. Malta Gaming Specifications The MGA has a strict set of rules on Hosting Server Gaming Requirements for the operator or applicant for B2B or B2C Licence in Malta. The full licensing process goes in 5. Advantages of a Malta Offshore Gambling License. Malta gaming license has a high repute thanks to anti-money laundering standards and financial laws and regulations. 5 billion ($27. The nation has a highly skilled and experienced iGaming workforce. Operators licensed by the Malta Gaming Authority (MGA) benefit from this prestige, as players often view the Malta Gaming License as a seal of quality and trustworthiness. Lodging one is actually the easy part and we have provided a step-by-step approach below. A gaming license in Malta can cost between EUR 10. Malta gaming license; Malta business bank account; Bank Accounts for Affiliate business; Malta gaming overview; Success story; Kahnawake Gaming. Here you will find the information on gaming licensing in 35+ jurisdictions, including Curacao, Malta, UK, Gibraltar, Alderney and others. Malta Gaming Licence Application Process – Remote & Land-Based. A director can either be an individual person or a legal entity. The license cost is high compared to some other jurisdictions and the process is complex. Highly valued by banks, software providers, users gambling industry. With respect to remote gaming, a specific regime has been established by means of the Remote Gaming Regulations, 2004. Malta offers four different types of licenses. The Malta Gaming Authority (MGA) announced the suspension of BetDino’s gambling license last week after the operator failed to provide the regulator certain fees that it was liable to pay. There should also be a paid-up capital of 40 or 100 thousand euros depending on the license class to ensure the solvency of the enterprise and the security of player winnings and deposits. The regulation of online gambling, which Malta first launched in 2004, remains one of the most widely recognized regulatory frameworks in the world. These casinos have to adhere to strict rules and regulations regarding the way they operate, which makes them very popular with players. However, most operators go for it because. For any online iGaming business, obtaining a reputable gaming license is a top priority. L. by Muhammad Gregory, 10 March 2023. Gayle Kimberley, and Dr Amanda Vella dealing with Gaming law in Malta. 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. Esports Entertainment Group, Inc. Full legal package: AML framework, Compliance officer and policies, Audits under new regulation, IT audits. There are a number of reasons why acquiring a Maltese online gaming license is a benefit. We can also assist with sourcing. Contact info. As of 1 January 2019, the new gaming license fees regulations will apply therefrom. Since then, the Remote Gaming Regulations of Malta led to the country being the first-ever EU. At the time, the Malta regulator warned the operator could have its licence cancelled if it failed to address. Needless to say, such prestige is appropriate when, by obtaining. The Maltese Gaming License allows companies to provide gaming services in or from within Malta. The Malta Gaming Authority updated the System Documentation Checklist. By Gamblescope Research Team on Oct 12, 2022. The Malta Gaming Authority (MGA) has suspended the gaming license of BTM Entertainment Group Limited, numbered MGA/B2C/350/2016. In comparison to other gaming jurisdictions, Malta’s gaming license fees are more affordable for licensees. L. Failure to do so means their licences can be revoked. The applicable Malta gaming licence costs, including taxes and licence fees are found under the Gaming Licence Fees Regulations (Subsidiary Legislation 438. The license is more suitable for large and well-established operators who have enough funds and the experience to go through the whole application process. Let's understand why and cover friendly taxation, talent pool, and more. The authority with carefully analyse, all the information related to what the gaming company will consist of; its management, directors, financing,. Compliance Contribution Fees: 1 License Class, a minimum compliance contribution of €15,000 which is capped at €375,000, with a percentage range from 0. Malta’s strategy in i-gaming has been bold and unique. Learn how to get a Malta Gaming License from the MGA, a trusted and valid license in many countries worldwide. by Roger A. You must declare which types of games the license is issued for your company registered in Malta. 2018. The regulator is also in. This is a fit for large market players who have the expertise and the appropriate capital. All operations and gaming servers must be within Malta. The Malta Gaming Authority focuses on some of the most challenging factors, which makes it the top regulator in the industry. Payment for the new partnership with a sub-licensee is £5,000 (€5,600). Among other applicable obligations in this domain, such B2C licensees must undertake customer due diligence measures when. What you'll get Applicants may apply for any of these licences: Search for licensees by name, authorisation status, URL or gaming service in the comprehensive list of operators licensed by the MGA. Class 3 gaming license: for advertisers and promotion companies that operate from Malta. Malta: Malta Gaming Authority: Critical Gaming Supply License, B2B: Romania: Romania National Gambling Office: Class II License E140490 (Live Games). 583. Malta. 11 min read. Type 3: €40,000 - Includes poker rooms and peer-to-peer (P2P) gaming like poker, bingo, and betting exchanges. 25%. Player Hub Licensee Register Lodge a Complaint Safer Gambling Self-Barring Unauthorised URLs. Enquire. Advantages of a Malta Gaming License Tax Benefits: There is a 15% tax payable on any income generated from licensed premises with income over 75,000 euros. It was a trailblazer at its time of establishment, being one of the. Category: Success stories. The remote gaming sector is the most dynamic and the fastest growing gaming sector in Malta, which is regulated under the provisions of the Remote Gaming Regulations. Regulated by the Hellenic Gaming Commission (HGC); Two types of licenses available — for online betting and other iGaming activities; Restrictions on spin times, bet levels, and jackpot size; Heavily regulated advertising policies; €3 million licensing fee for online betting and €2 million for online casinos. Getting a gaming licence in Malta takes three to four months, and one needs to pay a pretty tidy sum, especially if one wants to get a Class I licence. Type 3 – Minimum €40,000. Malta Gaming Authority — The Malta Gaming Authority provides B2B and B2C licenses and requires operators to adhere to stringent guidelines, including regular. Another cheap gambling license option comes from Anjouan, which costs $25,000. In a swift and resolute move, the Malta Gaming Authority (MGA) has shaken the industry by announcing the suspension of the license held by SFJL Holding Limited. Partners involved in the implementation of this process are currently in Malta at the SiGMA tradeshow to meet with global gaming operators and receive industry feedback that will influence the definition. The Malta Gaming Authority (MGA)regulates and separates the industry in two gaming sectors;. it’. The MGA was established in 2001 and has. The UK Gambling Commission accepts licensing applications for both online and land-based casinos. Here are a few examples of such activities. Andrew J Zammit, Dr. Game variety: Below average - 5/10: Inadequate variety except for video slots. The Malta gaming license represents the prestigious grademark of the iGaming industry. Class 1 is a remote gaming licence suitable for casino-style games and online lotteries. GBO Malta's licensing experts will supporting you to maintain your MGA license including bank accounts, dealers, add-on press everything that you need to start your Malta gambling economy We will assist you to obtain will Malta gaming license GBO has been helping companies obtain Malta Available Gaming Licenses since 2009, and. Even though they need to pay 5% of the revenue they earn, the amount is capped at the maximum figure of €460,000. There are currently four licensed casinos operating in Malta. In this guide, we will help you find a top online casino in Malta. GameArt, a creator of high-quality HTML5 slot games for both online and land-based casino operators, has secured the Malta Gaming Authority’s Critical Gaming Supply Licence (B2B Licence). the fees and taxation requirements pertaining to gaming licences, kindly refer to the Gaming Licence Fees Regulations and the Gaming Tax Regulations" 1 Application and Gaming Licence fees A non-refundable application fee needs to be paid in order for a gaming licence application to be considered as complete. The suspension is following an investigation into the breach of statutory requirements from the part of the company. In conclusion, when asking which countries are easiest to get gambling licenses, it’s important to research each jurisdiction’s requirements, reputation, and long-term stability. The first annual license fee is $40,000, software inspection costs $15,000 and annual license renewal fee is $10,000. Under the Remote Gaming Regulations, the Malta Gaming Authority may issue a business-to-consumer or business-to-business licence. The MGA licence holders are expected to monitor players' gambling habits, look for signs of problematic behaviour and intervene when necessary. , N 45, area N 7. €25,000. Your LinkedIn Connections. Malta, as the first EU Member State to introduce online gaming regulations, holds the distinction of being the largest and most sought-after jurisdiction for operators seeking an online gaming license. It provides a variety of licenses, including B2C and B2B versions. Corporate structure: Curacao Company. L. (PRESS RELEASE) -- With reference to the Notice of Cancellation dated 4 August 2022 issued by the Malta Gaming Authority, Arabmillionaire Limited was provided with a 20-day time period within which it had the right to show cause as to why the. Malta gaming authority is a very decent regulatory body, especially when it comes to resolving players complaints. Type 1: €100,000 - Covers RNG-based casino games, online lotteries, and virtual sports games. The Malta Gaming Authority offers safe and fair gambling to over 180 jurisdictions, ensuring that it remains a benchmark in casino and lottery regulation. 583. The jurisdiction has been providing this service since 2000. By getting this license, GameArt will be able to increase the reach of its slot games inside the jurisdiction of Malta, as well as enjoy more. CSB Group offers a "one-stop-shop" service to online gaming operators by assisting clients in setting up or relocating their gaming operation to Malta. The bill authorizes courts to “refuse recognition [and/or] enforcement in Malta of any foreign judgment [and/or] decision” related to the conditions of a Malta-issued gaming license. Nowadays, the Gaming Authority is responsible for regulating over 300 online operators, and around 50% of the country's international bandwidth is used by remote gaming. The B2C license The Malta Gaming Authority offers covers different games. S. S. 583. The application process is a long one and requires a series of in-depth audits and reviews. Currently, Classes 1 & 2 require a €100,000 minimum while classes 3 & 4 require a minimum of €40,000. The Malta Gaming Authority has run all the licenses since 2000, and they offer two types of permissions: B2C for online gaming and B2B. To obtain the right to operate gambling activities, the company must meet the following conditions: Officially register a company in the territory of the state in the form of an LLC. Apart from the annual licence fee, the Malta Gaming Authority imposes a compliance contribution fee which is paid based on the licence which the operator holds. The Malta Gaming Authority provides a license after a particular investigation that the casino meets the accepted guideline standards. land-based. Malta Gaming Authority license is the license issued by the MGA to an online casino or a sports betting site (or a land based facility, depending on the situation!) in order to enable the operator of the site to provide gaming services to. Provides for slots, poker, roulettes, lotteries, etc. License Renewal application fee of 5,000 Euro. 25%;Unique opportunity to purchase Malta Gaming License. It covers slots, roulette, lottery and bingo, card games, slot machines etc. Malta has a long history in gaming legislation. The Malta Gaming Authority ensures that licensed gaming operations are fair and transparent to all players, prevent crime, whilst protecting minors and vulnerable players. S. 03 of the Laws of Malta) provide that B2C operators shall pay a variable licence fee, termed as a compliance contribution, which is calculated on the gaming revenue generated. Contact Us. One-time, non-refundable Application Fee. Gaming Tax ( 5% of the gaming revenue generated from the gaming service) Compliance Contribution (Refer to Fees Document)Malta’s gaming license. Malta: number of gambling licenses 2016-2021, by type. Class 2 – Games the outcome of which is not determined by a random number, but an independent event. Suitable for operators who earn a commission from promoting games. Curacao Gaming Authority license renewal and convert sub-license to master license We’re experts in obtaining both Curacao gaming license B2B and Curacao gaming license B2C . Read more about MGA, find useful news and guides, and check out our list of licensed casinos. The MGA has reminded British operators that if this is the case, there will be issues for their licence and the legality of their business in Malta. Tbilisi. 4. All companies wishing to license their gaming sites, must pay an initial licensing fee of approximately €2,500 along with other recurring. VANCOUVER, BC, March 10, 2021 /PRNewswire/ - Playgon Games Inc. In Malta, the iGaming companies setting up their operations are subject to a number of administrative fees, payable to the MGA. In Malta, the iGaming companies setting up their operations are subject to a number of administrative fees, payable to the MGA. These fees are determined by the operator’s annual income and license category. Malta. License type 1 allows you to offer casino games, online lotteries and virtual sports betting. The Malta Gaming Authority is hereby notifying AMGO iGaming Malta Limited (hereinafter the “Authorised Person) with this Notice of Cancellation in relation to its licence numbered MGA/B2C/163/2008, by virtue of the first proviso to regulation 12 and in terms of regulation 8 (1) (f) of the Gaming Compliance and Enforcement Regulations (S. 000 and EUR 25. Overview. Many companies favor a Malta gaming license. Malta Gaming License is one of the most popular gaming licenses in the gambling world. The Malta Gaming Authority, or MGA, was set up in 2001; it aimed to regulate various gaming industry sectors falling under its authority. Malta Gaming Authority license is the license issued by the MGA to an online casino or a sports betting site (or a land based facility, depending on the situation!) in order to enable the operator of the site to provide gaming services to residents of a certain jurisdiction. Non-refundable Fixed Annual Licence Fee. €25,000. After obtaining a permit, operators are required to pay £35,000 (€39,000) every year. Maltese law permits both online and land-based gambling, and the following forms of gambling are catered for: amusement games, casino gaming, commercial tombola games. As the first jurisdiction in the EU that introduced regulated remote gaming, with an average of a hundred new applications a year and being . S. The Malta Gaming Authority offers safe and fair gambling to over 180 jurisdictions, ensuring that it remains a benchmark in casino and lottery regulation. , N 45, area N 7. Malta is a prestigious betting and gambling jurisdiction. 75%. Malta Remote Gaming Licence. Gaming Tax ( 5% of the gaming revenue generated from the gaming service) Compliance Contribution (Refer to Fees Document) Malta’s gaming license. Malta’s iGaming license. Malta. A fixed annual licenсe fee – €25,000; flexible taxation – 0. Malta Gaming Authority (Malta) imposes following a set of strict regulations, guidelines, and legislations that allow promoting online sportsbooks or casinos in the EU. Buy Malta gaming license with the help of Smart Money experts | A turnkey casino | Unique HTML5-games development & 24/7 technical supportOnce issued, a Malta remote gaming licence is valid for a period of five years and can be renewed for further five year periods. The following article is a Chambers & Partners Q&A report compiled by Dr. Non-refundable Fixed Annual Licence Fee. If you want to know more about this theme, read our article – How to get Malta Gaming License in 2023. "Malta is an international hub for online gambling operators, vendors, and partners. Malta’s main advantage is the fact that it is an onshore. Malta was interesting location for crypto-providers and crypto firms for quite a long time until 2018, when the legislation changed. This Malta gaming licence is known as a B2C licence. Rootz Ltd. 04) has been amended through. In addition to the licensing application fee, annual fees are required. Our Work. Malta online gambling license price is dependent on the class of license (B2B or B2C) and if it is B2C, then on the license types for services that are being offered. Malta Gaming License Cost. In broad strokes, Class 1 licenses, encompassing a wide spectrum of gaming activities, tend to have higher application and annual fees. A view of Malta and Grand Harbour. GBO Malta's licensing experts will assistance you to obtain your MGA license including bank accounts, merchants, software also everything that you need in start thy Malta gambling business We will supports you to get your Malta gaming license GBO has been helping companies obtain Malta Online Gaming Licenses since 2009, also. Company registration year: 2018 B2C – Gaming Service Licence License type: Type 2 Gaming Services Authorized by MGA Type 2 – games of chance played against the house, the outcome of which is not generated randomly but is determined by the result of an event. € 10,000. The gaming employee license is sometimes referred to as a personal functional license, which is how the UKGC has dubbed it. How does the Curacao gaming license compare to Malta? The Mediterranean island nation of Malta is another very popular jurisdiction for online casino businesses interested in getting a license. Malta: Malta Online Gaming Licence Application (Video) 30 April 2021. Advantages of Gambling licenses in Malta: Strong excellent reputation and tax exemptions. Type 2: €100,000 - Encompasses fixed odds betting. Gambling regulation: The Gaming Act. Search. T: +356 2557 2557. The gaming tax in Malta depends upon the games offered and the type of remote licence. When in the process to open an iGaming company in Malta, one of the lengthiest procedures is to apply for the license that allows you to operate. 583. In order to be eligible for a gaming license from Malta, applicants need to fulfill a number of fundamental requirements, one of which is the provision of particular documentation from each officer, authorized person, shareholder, director, beneficial owner, or ultimate beneficial owner. There are four (4) types of gaming licences, and the applicable class will depend on the type of gaming activity that the prospective licensee will purport to carry out. To obtain a gambling permission in Malta, you should pay several taxes and obligatory payments. Initial Annual Gaming Licence fee – Gaming Supply Licence (B2B) Non-refundable Fixed Annual Licence Fee €25,000 Non-refundable Fixed Annual Licence Fee (Back-Office). Countries listed under the Malta Gaming License include any country that has not banned online gambling or require a local license. To apply for a gaming license, open a bank account or ask a question, please, fill in the form: Name. 583. Gaming Malta is an organization that promotes Malta as a leading jurisdiction for gaming regulation in the local and international markets. Malta Gaming Authority is the #1 license choice for many European players. 01 - Responsible Gaming Fund Regulations (not yet in force) S. Gaming license in Tanzania covers virtual casinos and bookmakers. GBO Malta's licensing experts will assist you to obtain get MGA license including deposit accounts, merchants, books and complete that you need to start your Malta gambling business We leave assist you to gain your Malta gaming license GBO has been get companies obtain Malta Online Games Sales since 2009, and we can assist. 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. Book a consultation. The Gaming Authorisations Regulations provide that gambling operations cannot be operated, promoted or sold by any person in Malta unless it is authorized to be operated through a licensed entity. (GB) under account numbers 41655. MGA Casinos offer unlimited bonuses, fast payments, and tax-free winnings – without game restrictions or safety concerns. (TSXV: DEAL) (OTCQB: PLGNF) ( Frankfurt: 7CR) and/or its subsidiaries. With its growing reputation and attractive features, it has become the industry’s most popular option. e. 01 to 583. 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). Malta is a global capital for online gaming. Kahnawake gaming license;. A capped gaming tax (depending on the type of gaming/betting operations carried on) coupled with the refundable tax credit system available under Maltese law provide for a very attractive fiscal regime for Maltese. Strickland Jr and Donna Bugelli. Navigate to the official Malta Gaming Authority Website. Malta Gaming Authority. Hence, if you pick an online casino licensed there, the chances are high you won’t experience any issues (though rarely it can occur even here, so reputation of a particular online casino still matters). The required share capital is 100,000 euros. The Malta Gaming Authority controls multiple online gaming segments, and having a license issued by this regulatory body is still a great deal in numerous cases. , a licensed online gambling company with a focus on esports wagering and 18+ gaming, received its Gaming Service License (“License”) for online pool betting from the Malta Gaming Authority (“MGA”). Like other EU gaming licenses, Malta gambling license cost is higher than other offshore licenses. Notarized copies of passports of all owners/applicants. iDefinitions 1. Malta gaming license Issued by the Malta Gaming Authority (MGA), for a period of 10 years. A Malta gaming license has to be renewed once in 5 – 10 years. It is considered prestigious to have a license from one of the largest jurisdictions within the European Union. GBO Malta's licensing experts will assist you to obtain your MGA license including bank accounts, merchants, software and everything that you need to start your Malta gambling business We will assist you to obtain your Malta gaming license GBO has been helping companies obtain Malta Online Gaming Licenses since 2009, and we can. Moreover, the authority regularly updates the license and protects the faith of the people. They include lotteries and casino-style games such as slots, blackjack, and roulette. Submitting an application takes more time and is considered quite complicated. Online gambling licenses from the Malta Gaming Authority are highly valued by operators, but getting one is easier dreamed of than done. Part of the Betsson stable of casinos, Rizk has been in operation for a while, but only obtained its Malta licence in 2022. Only the Curacao license stands above when it comes to prestige and fame. AMGO iGaming Malta Limited – licence number MGA/B2C/163/2008 (Malta Company Registration C 92352) failed to pay the ‘Gaming Licence Fees’ of € 13,915. To get the MGA license, the companies need to showcase several things, including financial resources to fund the business, having complete. TaxHowever, under the New Licence Fees Regulations, Class 4 licensees will no longer be required to pay a monthly gaming tax, ‘Compliance Contribution’, for every operator they supply licensed in an EEA jurisdiction (other than Malta) or another jurisdiction. Arabmillionaire was first spoken to by the MGA over the issue on 4 August last year. Income tax is 25%. If necessary documentation and information is provided to the Malta Gaming Authority, the entire process of getting a gaming license in Malta takes between 12 weeks and 16 weeks. The Ajouan gaming license cost is around 17,000 EUR, which includes the Annual Anjouan Gaming License fees covering initial setup fees and the required ISP service for compliance backups. That’s for a good reason, as their license is considered very reputable and offers access to the lucrative European market. For every euro of the next €10,000,000. A statement released by the MGA explains that the suspension of Genesis Global’s license is in effect as of January 16, 2023. How much is a gaming license in Malta? Cost of a gaming license in Malta: The cost of a gaming license in Malta varies based on the type of license sought and the size of the operation. How to Get a Malta Gaming Authority Licence. An online gaming operator can apply for two types of licences in Malta: a B2B (business-to-business) online gaming licence in which the services are provided to other businesses within the industry or a B2C (business-to-customer) gaming licence in which the services are being provided to the end user (the player):Malta Gaming Authority cancels license for Arabmillionaire Limited. L. Companies that are opening an iGaming business in Malta need to apply for a valid gaming licence, which is granted by the Malta Gaming Authority (MGA). More than 10,000 people are employed in the sector, which has annual revenues of more than €1. Malta Gaming Authority (formerly: Lotteries and Gaming Authority) It’s known as one of the most popular licensing bodies in the gambling sector. License Renewal application fee of 5,000 Euro. The operator. Altenar is licensed and regulated by the Romanian National Office. The Gaming Authorisation Regulations in Malta specify that to hold a licence the company must be established within the European Economic Area. Online Casino. GVZH Advocates is the exclusive contributor for Malta for this area. At this stage, the MGA carries out an in-depth procedure with the aim to decide whether the applicant will be granted a license. 583. Learn about the costs, types, and requirements of obtaining a Malta gaming license from the MGA, the authority that grants and oversees online gambling licenses. The Malta Online Gaming Licence Application Process. Such fees include; Application Fee for a New Licence of 5,000 Euro, which has to be paid when applying for the Gaming Licence. With an online gaming license through the Lotteries and Gaming Authority of Malta, online casinos can provide players with a regulatory framework should any issues. Malta Gaming License company for sale Buy Casino License in Malta ☎️ +1 (888)-647-05-40 office@eternitylaw. Those expenses cover all types of iGaming and allow partnerships with sub-license owners. Niji Narayan. The MGA issues four licenses that differ based on the type of gambling vertical you wish to operate in. Malta online gambling data for 2022. Renewal Process: Timely submission of renewal forms along with the required fee ensures the uninterrupted operation of your gaming business. In addition to the Compliance Contribution, Gaming Tax is also due in terms of the Gaming Tax Regulations at the rate of 5%. In addition, the licensing application procedure is fast, yet offers a. Gaming License For B2C: Non- Refundable Annual Fee paid in advance upon the issue of license — €25,000. Non-refundable Fixed Annual Licence Fee. Our Work Annual Reports & Audited Financial Statements Regulatory Framework Partnerships Publications Consultations Guidance Notes News. The Malta Gaming Authority (MGA) was created in 2001 to oversee the sector and grant the Malta gaming license. Malta Gaming Authority provides two types of licenses (B2B and B2C) for a period of five years. 01 - Responsible Gaming Fund Regulations (not yet in force) S. DraftKings was just approved for a Controlled Skill Games License from the Malta Gaming Authority, which is the entity that runs gaming in Malta – a small island nation south of Italy. L. Moreover, cooperating with banks and payment providers is more accessible with a Malta license. Administrative / Renewal Fee — €5,000. The Licensee is deemed to commence activity upon acquiring the gambling license. On successful completion of a Malta gaming license application process, the applicant, now a Licensee, is granted a ten (10) year Licence. Apart from paying for the registration of the company in Malta and the starting license fee, license holders are required to settle the so-called Gaming Tax set at 5% of the revenue. Required official capital – 100,000 EUR. It is considered prestigious to have a license from one of the largest jurisdictions within the European Union. L. Besides being the first European regulatory body to regulate online gambling, the MGA’s regulatory regime is both technology neutral and game neutral. Even though they need to pay 5% of the revenue they earn, the amount is capped at the maximum figure of €460,000. License type 2 allows online casinos, poker rooms and other similar games. S. Malta Gaming Licence Application Process – Remote & Land-Based. It provides a variety of licenses, including B2C and B2B versions. The New Gaming Act which was published on the 15th of May and shall come into force on the 1st of July 2018 implements a number of changes which aim at expanding the powers and functions of the Malta Gaming Authority from a regulatory perspective and eliminating previous bureaucratic measures. Generally, MGA falls under the hard-to-get category of licenses. It is strongly recommended that you actively seek to resolve your dispute directly with the operator’s support and management prior to lodging your complaint with the Malta Gaming Authority. For B2C type 1-3, the fee is €25,000, and for type 4, it is €10,000. 583. Since then, the sector has swiftly expanded and risen to play a significant role in Malta’s economy. Class 3:- It is suitable for poker, peer to peer gaming & other. The GBO team will be happy to assist you to obtain a Curacao gaming license for your needs throughout our wide network of banks, payment processors and gaming regulators. Even though it's considered the tenth smallest. MGA Licensing Cancellations. Posted on: March 25, 2021. Type 3: €40,000 - Includes poker rooms and peer-to-peer (P2P) gaming like poker, bingo, and betting exchanges. The application type ‘Gaming Licence Application’ needs to be selected, and the Gaming Licence Type ‘B2B’ needs to be selected as an option, as well as the respective channel i. We hold our license with the Malta Gaming Authority (MGA).