Gaming
Over the years Malta has become a leading remote gaming jurisdiction. Being the first country within the European Union regulating iGaming, the legislator’s focus is significant in creating a regulated, transparent and efficient mechanism for the industry.
Additionally, as a European Union member state, the benefits enjoyed by the islands are twofold. The free movement of services and money laundering safeguards in place further optimise the iGaming situation on the island.
The Gaming Act (Chapter 583 of the Laws of Malta), enacted in May 2018 is the primary Act regulating all gaming services in and from Malta, and it is also complemented with Subsidiary legislation, directives, codes and guidelines. This Act strengthens the Malta Gaming Authority’s (MGA) supervisory role, especially its compliance and enforcement functions which is in line with concurrent developments relating to anti-money laundering and combating the funding of terrorism. Furthermore, the Authority shall be notified of the key persons who perform one or more key functions for a licensee.
The new Law also brought changes to the licence system and the duration of such. The sector now follows a two-licence system: business-to consumer (B2C) licence and a business-to-business licence (B2B) which covers different types of activities across multiple distribution channels.
The new licencing system is believed to encourage further growth of the sector as whilst the B2C license will still be categorised in accordance with the game type provided (similar to the previous concepts of Class 1, Class 2, Class 3 games and skill games), the Law today eliminates the requirement of a new licence per class of games as with a B2C licence one can add on different game types without the need to go through a full license procedure.
Furthermore, licences issued by the Malta Gaming Authority (MGA) have been given more long-term stability as they have been extended to 10 years.
The Maltese licence regime has been made attractive with the introduction of a cap on the variable licence fee. Gaming operators are required to pay gaming tax in Malta on revenue generated from customers located in Malta in the amount of 5% of such Gross Gaming Revenue (GGR) and to pay the annual licence fee of €25,000 as well as the compliance contribution depending on the type of approval issued by the Authority.
FSGM.Partners offers a full spectrum of services for both land-based and remote gaming operation in Malta, for more information on how we can assist you contact us.
Additionally, as a European Union member state, the benefits enjoyed by the islands are twofold. The free movement of services and money laundering safeguards in place further optimise the iGaming situation on the island.
The Gaming Act (Chapter 583 of the Laws of Malta), enacted in May 2018 is the primary Act regulating all gaming services in and from Malta, and it is also complemented with Subsidiary legislation, directives, codes and guidelines. This Act strengthens the Malta Gaming Authority’s (MGA) supervisory role, especially its compliance and enforcement functions which is in line with concurrent developments relating to anti-money laundering and combating the funding of terrorism. Furthermore, the Authority shall be notified of the key persons who perform one or more key functions for a licensee.
The new Law also brought changes to the licence system and the duration of such. The sector now follows a two-licence system: business-to consumer (B2C) licence and a business-to-business licence (B2B) which covers different types of activities across multiple distribution channels.
The new licencing system is believed to encourage further growth of the sector as whilst the B2C license will still be categorised in accordance with the game type provided (similar to the previous concepts of Class 1, Class 2, Class 3 games and skill games), the Law today eliminates the requirement of a new licence per class of games as with a B2C licence one can add on different game types without the need to go through a full license procedure.
Furthermore, licences issued by the Malta Gaming Authority (MGA) have been given more long-term stability as they have been extended to 10 years.
The Maltese licence regime has been made attractive with the introduction of a cap on the variable licence fee. Gaming operators are required to pay gaming tax in Malta on revenue generated from customers located in Malta in the amount of 5% of such Gross Gaming Revenue (GGR) and to pay the annual licence fee of €25,000 as well as the compliance contribution depending on the type of approval issued by the Authority.
FSGM.Partners offers a full spectrum of services for both land-based and remote gaming operation in Malta, for more information on how we can assist you contact us.