00%. Valletta is a capital of. Acquiring a Gaming License in Malta . 4. You will get to know about that by the end of this article. When the license application process is finished, the MGA grants the Licensee a 10-year gaming license. 438. If you are looking to register online casino on turnkey we will assist you in all processes. The gaming tax in Malta depends upon the games offered and the type of remote licence. iGAMING SERVICES CSB Group assists clients in obtaining a Malta Online Gaming Licence and provides support throughout the whole gaming licence application. As a Malta Gaming License is recognised internationally, there are no barriers to entry in setting up remote gaming in markets that do not prohibit online gambling. Application by license holder for approval of procurement of financial interest; Operators accustomed to coughing up the high licensing fees in the European market — for example, €25,000 for a single license from the Malta Gaming Authority — could find the licensing fees in South Africa to be a little more inviting. Moreover, since Malta is a member of the EU, a Malta Gaming License will not be restricted in the EU as long as the MGA shows compliance to EU law. Gaming Licence Application. L. . In the years since, Malta has emerged as the undisputed capital of Europe’s €24. 01 to 583. org. If you want to know more about this theme, read our article – How to get Malta Gaming License in 2023. Dragonara's serene location on the peninsula, away from St. 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. About Malta. The license covers all forms of online gaming. The Critical Gaming Supply licence is the B2B. L. Simba Slots is owned by ProgressPlay Limited, a company that is based in Malta. For more information, you can also read our overview of online gambling jurisdictions. 50%. If you want to know more. SBSB has been providing various gambling services for over 6 years. To be able to obtain and hold a gambling licence in Malta, the gambling companies must be established in the EEA which means that they have to. Curacao Sub-licenses are to be renewed until the beginning of 2024. The following entity holds a Type2 B2B licence: Altenar Software Limited (Malta). A Malta gambling licence is highly respected across the EU and globally, offering operators the credibility and legitimacy needed to enter, and thrive, in these markets. Genesis Global Limited and Betago Limited lost their licenses in Malta after similar infringements last month. If you choose several iGaming services, you’ll need to submit an extended application. 15% of revenue. Malta is one of the most desirable and profitable online gambling jurisdictions in Europe. Buy Malta Gaming Licence Malta Betting License for sale Malta Poker License Get a consultation ⏩ Call ☎️ +1 (888)-647-05-40 e-mail: office@eternitylaw. Panama became licensing jurisdiction in 2002, and has been. Authorisation is defined as a licence, approval, certificate, recognition notice or similar instrument issued by the Malta Gaming Authority (MGA or Authority), authorising a person to provide a gaming service, gaming supply or a key function. It is now ready to proceed with its launch. According to the latest annual ratings given by the World Bank, Malta is ranked 88th worldwide in terms of ease of doing business. Gaming Licence Application. Douglas, Isle of Man. According to reports, in December 2022 the operator entered insolvency and almost all of its staff was laid off. To obtain license, you need to: submit application, pass the verification of the LGA. This includes oversight of the licensing process, and they are responsible for making sure that only operators that follow good business. The Gaming regime applied by the MGA is both technology- and game-neutral, therefore encompassing any. It includes P2P (peer-to-peer) gaming, poker networks, betting exchanges, and game portals. Editors note: this article is for everyone who wants to both travel and start a business. However, the question that troubles many is which is better- Malta or Curacao. The Malta Gaming Authority, or MGA, is one of the most respectable gambling authorities that grant gambling licenses. In addition to the licensing application fee, annual fees are required. The regulatory framework applicable to both online and land-based gaming in Malta is consolidated into the Gaming Act (Chapter 583 of the Laws of Malta – "the Gaming Act"), and Subsidiary Legislation 583. Note, if you want to open your own casino, you may not worry about the license at all: our White label platform solution lets you operate. The 35% corporate tax rate reduces to as low as 5% after the distribution of dividends amongst shareholders. The Malta Gambling Authority (MGA) license is one of the world’s most prestigious, and enjoys recognition throughout Europe. One of the cheapest online gambling licenses is in Curacao, amounting to only $21,000 to $26,000. The Subsidiary Legislation addresses various aspects of gaming operations, such as the protection of. The Republic of Panama entices new casino owners because of the tax exemptions and low cost of entry. You will be required to submit. Zero GGR. The Group. OBTAINING REMOTE GAMING LICENSE. MGA/CRP/137/2007 • Ezugi Ro S. For more information, you can also read our overview of online gambling jurisdictions. Class 2 – fixed. 1. All Enforcement Actions taken by the Malta Gaming Authority in accordance with the Gaming Act (Cap. 438. €25,000. Malta Gaming Authority. Then you can enjoy guaranteed business reliability and safety. UKThe National Lottery is Malta's main lottery. In the years since, Malta has emerged as the undisputed capital of Europe’s €24. 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. Class 2: Sports betting – 37%. Class 2 – Games the outcome of which is not determined by a random number, but an independent event. This is a licence that all gambling providers who are based in or operate in the UK are required to have. If you need a Malta gambling license, our specialists will help you quickly and efficiently obtain a Malta gambling license. It is a respected institution in Europe and at the same time has high status as a licensee, although it competes with new national legislation. Class 3: This license is for operators who promote and facilitate gaming from Malta, earning only a commission. 2. The required share capital is 100,000 euros. Malta was the first EU Member State to provide services to gambling companies and is now the largest remote gaming jurisdiction worldwide. You’ll deal yourself a fullhouse if you know how to use it right. org. The Malta Gaming Authority (MGA) was formed in 2001 after the government passed the Lotteries and Other Games Act. Licence is defined as a gaming service licence or a critical gaming supply licence. za . For instance, Type One covers games of chance played against the house and whose results are generated by Random Number Generators. The Malta Gaming Authority (MGA) is the regulatory body responsible for the licensing and supervision of all forms of gaming in Malta, including both online and land-based casinos. Our Work Annual Reports & Audited Financial Statements Regulatory Framework Partnerships Publications Consultations Guidance Notes News. 2023. Malta is one of the most popular jurisdictions for obtaining a gambling license. Currently, Classes 1 & 2 require a €100,000 minimum while classes 3 & 4 require a minimum of €40,000. The Malta Gaming Authority acts in a similar way as any other national gambling regulator, by overseeing the activity of licensed casinos and gambling websites since 2001. Malta offers four different types of licenses. 583. Overall Far East reported a 3 percent decline in revenue for the interim period ending Sept. For instance, tax on betting activity is 0. They re-branded in 2015 and became known as the MGA. Malta is one of the largest and most respected regulated gambling markets in the world. 7 billion) online gambling industry, becoming to internet casinos something like what tax rules. In addition to the licensing application fee, annual fees are required. The cheapest options are $15,000 to $20,000, while the more respected licenses cost at least $40,000. The Malta Gaming Authority ( MGA) (formerly the Lotteries and Gaming Authority) ( LGA) is the gaming control board of Malta. Malta, a small island nation in the Mediterranean, has become a popular destination for gambling companies seeking permission due to its favorable regulatory environment and attractive tax rates. The B2C license The Malta Gaming Authority offers covers different games. Average time it takes to obtain a license: 12 – 16 weeks. Malta online gaming license from the Malta Gaming Authority (MGA) This online gambling license is considered to be a “Bentley of iGaming licenses”. Malta Gambling License gives many excellent opportunities to each licensee and makes their business profitable. There are two main types of Malta gambling licences: Business-to-Business (B2B) and Business-to-Consumer (B2C). 5 billion ($27. Operators looking to obtain an online gaming licence in Malta 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. The licence for the operation of all National Lottery games is exclusive and was last awarded to National Lottery plc in November 2021 for 10 years. 2. Revaz Tabukashvili Str. For the 1st and 2nd licence classes it is more than 100 thousand euros, for the 3rd and. For any online iGaming business, obtaining a reputable gaming license is a top priority. Operators with a cross-licensing agreement with the British government can apply for a permit in the UK. 7. Obtaining a license for gambling in Malta. , N 45, area N 7. Download Article. The Gaming Authorisations Regulations provide that operators in both the online and land-based sectors require a licence when providing or carrying out a gaming service, or when providing a critical gaming supply from Malta or to a person in Malta, or through a Maltese legal entity, unless exempt. LeoVegas AB is a Swedish mobile gaming company and provider of online casino and sports betting services such as table games, video slots, progressive jackpots, video poker and live betting to a number of international markets. Fees & Taxes. The Malta Gambling Authority (MGA) license is one of the world’s most prestigious, and enjoys recognition throughout Europe. Malta gambling license application information If you are considering applying for a gaming license in Malta, the following statistics give an insight into the costs, time and processes involved: Application fees vary depending on the license type and size of business, but usually start at €25,000, rising to around €500,000 for large. 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. Vast opportunities in the spheres of banking, payment systems, and processing. Gaming Service Licence: Type 1 – Minimum €100,000; Type 2 – Minimum €100,000; Type 3 – Minimum €40,000; Type 4 – Minimum €40,000; Critical Gaming Supply Licence:. Gambling Taxation. Getting a gambling license there is not. Each heading holds a. 1. Taxes: From 0. It further imposes gaming limits (maximum stakes, maximum losses, etc. B2C Fixed Annual Licence Fee. Licensee Hub Applications Compliance Enforcement Register Licensee Register Recognition. The required authorized capital is 100,000 EUR. In the application stage the MGA. Type 4: €40,000 - Applies to controlled skill games where players can win prize money. 1 to 1. Authorisation is defined as a licence, approval, certificate, recognition notice or similar instrument issued by the Malta Gaming Authority (MGA or Authority), authorising a person to provide a. However, this does not mean that Malta restricts B2B license holders exclusively to Malta territory. The list may vary, but the minimum required are:This means that if you already hold a license from some other EU country, you don’t need a Malta gaming license in order to offer gaming facilities from here. You will have to go through an in-depth due diligence process and provide a lot more documents. The licence for the operation of all National Lottery games is exclusive and was last awarded to National Lottery plc in November 2021 for 10 years. Payment for the new partnership with a sub-licensee is £5,000 (€5,600). EveryMatrix. You'll likely need to employ an architect to ensure that have enough space and the right type of land to build your casino. 1. Malta Gaming Tax: Compliance contributions. Classes of Licences. When submitting an application for betting, you must specify it as a type 3 game. The statistic displays the number of gambling licenses in Malta from 2016 to 2021. Compared to Curaçao, the Malta gambling license is more expensive, and usually chosen by more established operators looking to break into the prosperous European market. The fee to apply for an online gambling license in Malta is €5,000. However, while gambling is popular with. licensed and regulated in the European Union by the Malta Gaming Authority: License number. Gaming as a Priority Economy Sector 2. License types. The license cost is high compared to some other jurisdictions and the process is complex. Player Hub Licensee Register Lodge a Complaint Safer Gambling Self-Barring Unauthorised URLs. When the license application process is finished, the MGA grants the Licensee a 10-year gaming license. Maltese citizens were estimated to have spent around €125 million in gaming services during 2015, which is around 2. We aim to provide consumers with the tools needed for fair gaming by maintaining a transparent and balanced gaming market in addition to reducing the potentially harmful social effects which gambling may entail. Save time. Its ever-growing industry is attractive to entrepreneurs looking to establish their own online business, offering a range of gambling licenses, application processes, and costs that need to be taken into consideration. The Malta Gaming Commission offers four different license types that cover all possible areas of the gambling industry. Welcome bonus 100% match-up on deposit up to $30. They offer operators four different gambling licenses. Online/Mobile/Digital/Electronic Media 4. Malta. Gambling licences are big news in the industry and the gold star is often seen as Malta’s very own Gambling authority, the Malta Gaming Authority. However, this does not mean players should write off the operations that are licensed by the commission. The gaming industry has been expanding in Curacao since 1966. Malta Gaming Authority issues licenses that permit both fiat and crypto gaming. This is payable monthly and is based oin the gaming revenue generated from players located in Malta. And finally, the minimum issued and paid-up capital in Malta is from 40,000 to 100,000 euros. In order to work legally, you need to get a license. However, where such licence is granted to the holder of. Operators must fulfill the authority's strict standards to get the Malta online gambling licence. Bonus and Promo Offers 🎁. Gaming companies in Malta account for around 12% of the country’s GDP. It provides a high level of protection, safety, and security for players and. Home; Malta Gaming License; Malta Gaming License. Before announcing the intention to obtain a license to organize gambling in Malta, it is necessary to register or buy a company in Malta. In order to work legally, you need to get a license. Malta Gaming Authority (MGA) issued a warning to the gambling companies operating from the UK, bringing to attention that they need to make changes if they want to continue to hold a valid licence. License costs €25k, plus minimum paid-up capital €100k. Although there were questions to the regulator regarding delays of solving disputes between casino and player till 2015, though they. Gaming license in Malta Malta is a small country with big economy and significant benefits for obtaining a gaming license. 4. Type 1 licenses will cost €2,330, Type 2 licenses will cost €1,165, and Type 3 licenses will cost €4,660 as of September 2021. org. Among the many licenses that oversee several jurisdictions, the UK Gambling Commission and the Malta Gaming Authority are among the most. 82-B/2014, of 31 December – Grants the Government the right to legislate on the Online Gambling and Betting Regime. The minimum authorized capital is 40,000 euros. 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. PressEnter is operating its brands through BP Group Limited which is a company registered in Malta with company number C-52434, licensed and regulated in the European Union by the Malta Gaming Authority: License number MGA/B2C/203/2011. If you have been thinking about how to get a gambling license in Malta, then…The Gaming Ordinance allows for a maximum of two machines to be operated in restaurants and bars, and a maximum of 12 machines per gaming hall. There are strict criteria and high standards that must be met initially and on an ongoing basis. Those expenses cover all types of iGaming and allow partnerships with sub-license owners. Malta: The price to obtain a Malta gaming license there might range from €5,000 to €30,000, depending on the kind of license needed and the services that must be provided. The commission analyses a business plan, the. Class 2 – a remote betting licence for sports (fixed-odds) betting. 7% in H1 2022. Europlay-Malta will apply for a gaming license in Malta and aim to launch their casino services using the. The figure reached a new high compared to the H1 2021 decline. For licensing in Malta, you must prepare certain documents. This is payable monthly and is based oin the gaming revenue generated from players located in Malta. If the operator decides to provide gambling services only on the Internet, he will have to pay €200,000. 6. Anticipated Reforms 1. only two types of gambling license can be awarded to operators, and they include sports betting and casino gaming. This particular license is most frequently required by individuals involved in the casino business. Republic of Malta is a former British colony, neutral peaceful country with population about 380 thousand people. Retail License. Also, you can buy a company in Malta with a gambling license. Responsible Gambling Measures: – Implement responsible gambling measures, including player self-exclusion options, responsible gaming information, and tools for. Apart from that, if the license is international, its holder may work within other jurisdictions that do not prohibit such activities. 05 of the Laws of Malta) empowers the MGA to request any person wanting to obtain a gaming licence to operate or promote or sell or abet gaming in and from Malta to fill in this form. Malta is a Mediterranean island, which is also a member of the EU. The Malta Gaming Licence Application process is a lengthy one. The Act consolidated all previous laws and regulations and provided for an overhaul in theThe Gaming sector is a dynamic and growing sector in Malta, and is regulated under the provisions of the Gaming Act (Cap. Class 3 – a licence to advertise gaming in or from Malta (suitable for online 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) And licenses these products: Advertising lotteries. As of November 15, 2023, the GCB shall be accepting and processing online gaming license applications from operators that wish to acquire an online gaming. 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. Malta is a popular jurisdiction for online gambling and has become one of the leading online gambling hubs in the world. Malta has been offering online gambling licenses for over 16 years. License type 3 is for peer-to-peer games, betting. Julians, Malta, is an easy 20-minute drive or a 45-minute bus ride from the international airport. Betway. The second Malta gaming licence is the Business-to-Business (B2B) Critical Gaming Supply Licence. The renewal fee on the island state is also €5,000. In addition to sports and other events, poker, bingo, and other commission. The Malta Gaming Authority (MGA) is a governmental organization that is responsible for issuing gambling licenses to online companies that meet its strict standards. For every euro of the next €10,000,000. Fundraising, raffles, and lotteries are all forms of gambling and you must follow the rules for the type of lottery you plan to run, otherwise you may be breaking the law. Published by Statista Research Department , Sep 7, 2023. Online gambling firm 888 Holdings has added a sports betting platform to its portfolio for the sum of £15m ($19. Malta Gaming License and Reports. According to the recent update from 13. Step 3 – Application process Malta gaming license cost Frequently asked questions. 01 - Responsible Gaming Fund Regulations (not yet in force) S. Despite the renowned fame and notoriety of the Malta Gambling License, its benefits come at a price. Malta's success in online gambling is due largely to its legal environment. 14th. Malta issues B2C licenses of the four following types: Class 1 – casino games and lotteries with guaranteed prizes. Under the Malta law, holders of gambling licenses are permitted to offer both online and land-based gambling, such as. This Malta gaming licence is known as a B2C licence. 7 billion) online gambling industry, becoming to internet casinos something like what tax rules. As of November 15, 2023, the GCB shall be accepting and processing online gaming license applications from operators that wish to acquire an online gaming. It takes around 4-6 weeks to obtain it, it is economical, and you can operate any gambling business under one license. Some of the most popular gambling jurisdictions are Curacao, Malta, Alderney and the United Kingdom. In the case of a gaming service licence, i. 583. 83m) as it looks to boost growth across the company. A gambling licence is a prerequisite for an online casino business as it provides a legal basis for online casino operation. mga@mga. mt or +356 2546 9000. iGAMING SERVICES. Brexit. 02 - Gaming Malta Fund Regulations. The cost of a Malta gaming license varies by category. It is also safe, as a valid gaming license in Malta ensures that the customer does not have to fear robbery or fraud. Malta issues B2C licenses of the four following types: Class 1 – casino games and lotteries with guaranteed prizes. [2]Subsequently, the MGA granted the gaming licence in July 2022, valid for 10 years. Currently, the MGA jurisdiction includes more than 180 countries worldwide. Malta Gaming Authority is one of the main licensing bodies for online casinos. Affinity Management Services. Class 4 gaming license: for companies that host and manage remote gaming operations but are not themselves operators. The second Malta gaming licence is the Business-to-Business (B2B) Critical Gaming Supply Licence. Obtaining a license in the UK is very expensive — the cost of it starts at about £25,000. 1. Reading Time: 2 minutes Approval ensures provision of B2B gambling services within Europe. Type 4: €40,000 - Applies to controlled skill games where players can win prize money. The Malta Gaming Authority (MGA) has been established in 2001 and now is the core legislative structure that provides control over the gaming and betting firms that are registered on the island. A gambling license is crucial for businesses wishing to operate in the gambling sphere. Fundraising, raffles and lotteries. Highly experienced in launching gambling projects, Roman supports a wide range of international projects. To run an online gambling business, applicants should also have two additional certificates: a Key function and a Material supply. Since March 2020, the Curaçao Gaming Control Board (GCB) has been tasked with the licensing for and supervision of the online gaming sector on behalf of the Minister of Finance. Malta: Malta Online Gaming Licence Application (Video) 30 April 2021. Malta Gaming Authority — The Malta Gaming Authority provides B2B and B2C licenses and requires operators to adhere to stringent guidelines, including regular financial disclosures and robust player data protection. Legal Sports Betting & Gambling in Malta;. The Malta Online Gaming Licence Application Process. The MGA’s rigorous standards and reputation for ensuring a fair and transparent gaming environment make it easier for licensees to build trust with European players. Last April, it was reported that the gambling company had applied for a gaming license in Malta over fears regarding the status of Gibraltar after the UK leaves the EU. The verification and authorization procedure is the most complicated process for the owner of. Maltese casino gambling license is one of the most prestigious and respected licenses in the world. There are currently four licensed casinos operating in Malta. It regulates most forms of gambling in its territory, including both land-based (casinos, amusement and slot machines, betting offices, fantasy sports, and lotteries) and online. Curacao Sub-licenses are to be renewed until the beginning of 2024. The required authorized capital is 100,000 EUR. Among other applicable obligations in this domain, such B2C licensees must undertake customer due diligence measures when. Curacao license. According to a the latest MGA interim report published in July 2021. Malta licenses remote gaming operations of companies engaged in the business, offering traditional games such as casino, sports betting, P2P games, lotteries and software vendors through distance communication. The status of international company and business support by respected organizations are the benefits after buying online gambling license. Average time it takes to obtain a license: 12 – 16 weeks. The company, which is also involved in hotel and property operations. Step 1 – Gather the necessary documents 2. Authorisation is defined as a licence, approval, certificate, recognition notice or similar instrument issued by the Malta Gaming Authority (MGA or Authority), authorising a person to provide a. Malta Gambling License Requirements. Malta Gaming Authority issues two types of licenses (B2B and B2C). What is a Gambling Licence. Even during the COVID-19 pandemic between 2020-2021, the gaming sector contributed 12% to the GDP. Including the cancelation of BetDino’s license, the MGA has revoked three gambling licenses so far this year. It has been conducting its responsibilities properly setting high requirements for casinos applying for its license. The Malta Gaming Authority (MGA) may issue licences of the following categories: Gaming Service licence: a business to consumer licence to offer or carry out a gaming service. License for rendering gambling service: Malta: Malta Gaming Authority: Critical Gaming Supply License, B2B: Romania: Romania National Gambling Office: Class II License E140490 (Live Games) Romania: Romania National Gambling Office: Class 2a License (RNG Games) Spain: Directorate General for the Regulation of Gambling:Curacao license. Included in these two categories are various types or modes of gambling that. Diomedes Limited operations are regulated by the Malta Gaming Authority (MGA) under the license number MGA. 583. The Malta Gaming Authority (MGA) was formed in 2001 after the government passed the Lotteries and Other Games Act. Our Work Annual Reports & Audited Financial Statements Regulatory Framework Partnerships Publications Consultations Guidance Notes News. The Malta Gaming Authority (MGA) is an agency that regulates gambling in Malta. CSB Group offers a “one-stop-shop” service to online gaming operators by assisting clients in setting up or. Cost of Fees to Get a License: From £5,000 to £50,000, depending on the type of license purchased. First of all, it was the first EU country to regulate gambling and grant licenses to online gambling operators. 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. Malta’s licensing and regulatory framework was revised in 2018 with the introduction of the Gaming Act 2018. 5 per. License provider – Malta Gaming Authority. KSi Malta is a member of Morison KSi, a global association of leading professional service firms, established to meet cross-border accounting, auditing, tax and business consulting needs of clients. The application fee is $250 and the license fee is $250 with a fiscal year (July through June) renewal fee of $100. Those who want to receive a Malta gambling license also have to cope with this organisation, which is one of the most experienced in the world. Type 1: €100,000 - Covers RNG-based casino games, online lotteries, and virtual sports games. It was originally called the Malta Lottery and Gaming Authority (LGA). Over 10,000 online gaming employees work directly in online gaming companies in Malta, and this figure is increasing year. The MGA offers four different license categories: controlled skill games, remote gaming, remote betting, and hosted in Malta. The SBSB company suggests considering. 2. For every euro of the remainder. 1948: Malta National Lottery Off the back of an incredibly successful lottery activation, the first director of the Malta gambling department John Mifsud introduced the Malta National Lottery in 1948. Over the past 20+ years, Malta has established itself as the pre-eminent European jurisdiction for remote gaming and gambling. Malta gaming license Issued by the Malta Gaming Authority (MGA), for a period of 10 years. Malta Online Casinos: How to get an Online Gambling License in Malta? Read along with us as we explain the process!With a booming economy and growing loyalty to betting, gambling licenses in Africa give many promising opportunities for investors. e. To obtain license, you need to: submit application, pass the verification of the LGA. Licensee Hub Applications Compliance Enforcement Register Licensee Register Recognition. Company registration year: 2016 B2C – Gaming Service Licence License type: Type 3 Gaming Services Authorized by MGA. Malta: number of gambling licenses 2016-2021, by type. Overview. When it comes to iGaming licensing authorities, this was the first country to issue iGaming licenses. License validity period – 10 Years. The information is constantly being updated by the MGA in order to keep the latest information readily available. Company Registration and Corporate Requirements. org or call - 18005224700. Relevant Products are regulated in Malta under the Gaming Act (Cap 583 of the Laws of Malta) and by the. B2C license issued by Malta Gaming Authority. S. There has been an animated discussion going on in the gaming business as to whether the time for gaming licenses from the Malta Gaming Authority has come to a close. Malta was the first European country to regulate online gambling in 2000 and today, it issues several license types for Lotteries, Sports Betting, Online Poker, and Remote Gambling. The UK Gambling Commission (UKGC) accepts license applications for both offline and virtual casinos. As well as KYC, all applicants have to provide references, letters of good standing, and complete a fit and proper test. United Kingdom — Charges a low license fee, but 15% on tax revenues. a) Decree-Law no. 5 billion ($27. Along with the UK Gambling Commission, the Malta Gaming Authority ensures that the casino companies are. The statistic displays the number of online gambling licenses in Malta from 2014 to 2017, by class. Class 3: P2P, Betting Exchanges, Skins, Tournaments and Bingo – 11%. CSB Group. Choose the location for your casino. EveryMatrix is a member of the European Lotteries Association [2] and. Mr. This anticipated regulatory shift, labeled “unavoidable” by Finance Minister Javier Silvania, resembles Malta’s gaming license model after our analysis. 04 - Gaming Definitions Regulations. B2C, the amount contributed depends on the type of gaming service provided. Licenses; Licence Number Licence Type Class Type. Benefits of the Malta Gaming License. The Curacao license is a perfect balance between the cost and quality. As Malta’s ‘one-stop-shop’ for licensing, it is the MGA’s duty to promote gaming in a safe environment and ensure the integrity of games and devices, while granting licences to providers and creating a regulated environment from. The cost of the application fee in the jurisdiction of the Isle of Man is £5,000 (approx. For B2C license holders, the amount is £85,000, regardless of their income. iDefinitions 1. Licenses for gambling activities for both B2C and B2B directions. Taxation. Aldernay — Flat fee that depends on the size of th business and don’t charge gambling tax on revenues — $75k annually. In Malta, online gambling is regulated by the Remote Gaming Regulations (S. Affinity is a leading Corporate and Trust Service Provider with offices in the Isle of Man and Malta. The Malta online license comes with a whole host of benefits. 5 per cent on the gross amount of all accepted bets and 0. To do that, you need to submit an application in English, the copies of your company’s beneficial owners’ personal documents, a brief description of your professional background, criminal record. The Malta Gaming Authority (MGA) is the regulatory body responsible for all online and land-based gaming in Malta.