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 Malta Gaming Licensing Process

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Malta Gaming Licensing Process

Malta's Gaming Licensing Process

     

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What distinguishes the Maltese license process from that of some other 'less rigorous' jurisdictions, is the serious application process which is applied.

Prior to the attainment of a license, the Lotteries & Gaming Authority (LGA) applies a 3-stage process in order to audit the business operation, the individuals making up the project team and the control & gaming system.

Phase 1- Fit & Proper Test & Business Adequacy

The first stage is to conduct a fit and proper exercise on the applicant. The Authority analyses all information related to persons involved in financing and management and on the business viability of the operation. The Authority conducts probity investigations with other national and international regulatory bodies and law enforcement agencies. It also carries out a financial analysis of the business plan.

Phase 2- Business and Technical Ability Assessment

On successful conclusion of the first stage the applicant is examined on the instruments required to conduct the business. This process includes examining 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 system architecture of the gaming and control systems. Normally the first stage is completed within 2 weeks and the second stage within 3 weeks, depending on the correctness and completeness of the information submitted to the Authority.

Phase 3 - Compliance Audit

At the end of the second stage the applicant is given a letter of intent to operate remote gaming with the intent of obtaining a certification of compliance within six months. The applicant may then establish the business in Malta, conclude all agreements and carry out testing of the set-up. A formal licence is issued when the Authority obtains approval
from the compliance certification entity. A normal compliance certification procedure takes two weeks to be carried out.

Licence and Application Fees

A non-refundable application fee is to be submitted with the application. The annual licence fee is to be paid within fifteen days from the formal grant of the licence and is to be paid annually. Payments can be done by a cheque drawn in Maltese Currency or bank transfer in favour of the Lotteries and Gaming Authority.

Our role is to assist and hand-hold the client throughout this process. The LGA's regulatory regime aims to be both technology neutral and game neutral encompassing any type of gaming using a means of distance communication (including internet, digital TV, mobile phone technology, telephone and fax). Any remote game which can be securely managed under LGA regulations will be considered for licensing. We assist clients from the initial inception of a project or idea to the final certificate thereof. Upon attainment of certificate and hence, the final license, our advisory team assists clients in maintaining that license in good standing from all aspects, including legal, back office & accounting as well as IT.

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