Maintenance of the License
In granting a licence the Authority may subject it to such
conditions as it may deem appropriate, and after the grant of such licence the
Authority may from time to time vary or revoke any condition so imposed, or
impose new conditions.
A licence granted by the Authority may impose conditions
relating to, inter alia–
(a) the proper operation of interactive games
(b) the protection of players
(c) the prevention of money laundering
(d) exigencies of public interest.
The granting of a licence is a revocable privilege, and no
holder thereof shall be deemed to have acquired any vested rights therein or
hereunder. The burden of proving the licensee’s qualifications to hold a licence
shall rest at all times on the licensee.
It shall also be the duty of the licensee to obtain the
prior approval in writing of the Authority before taking any of the following
or transfer of a license
the Board of Directors
or application to the Court for dissolution
qualifying shareholding in the licensee
an existing holding
existing qualifying shareholding
or other disposition by the licensee of its business
of the licensee with another company
reconstruction, division of a company
reduction of the nominal or issued share capital of the licensee or the
increase or reduction of its voting share capital or any material change in
voting rights in such licensee
into any contractual arrangements with any supplier or entity providing
services, if such supplier or entity will receive a percentage of the
profits of the remote gaming operation, pursuant to such an agreement
surrender of the licence by the licensee during the licence term.
In all its actions, Licensee is also bound to maintain
financial records, an updated control and gaming system, serious anti-money
laundering (AML) policies & procedures, data protection procedures, responsible
gaming and advertising policies. All this needs to be maintained in order to
ensure the financial and personal protection of the player.
Our Gaming Team assists clients in all aspects related to
the maintenance of a licensee including contract drafting, employment and labour
law matters, advise related to data protection, AML and general legal advice.
Chetcuti Cauchi exhibits at ICE Totally
Gaming Expo, London 2012 | 21/11/2011
The Malta issues new Gaming Devices Regulations, 2011 [15/04/2011]
Chetcuti Cauchi at ICE Totally Gaming, Earls Court, London 2011
Silvana Zammit interviewed by James Swift
of "The Lawyer" on recent ECJ rulings and Malta's positioning as
leader in the regulated gaming internet gambling industry