MALTA CASINO REGISTRATION IN MALTA

Casino Registration Malta
Malta is one of the most favorable jurisdictions for opening online casinos within the eFinancial Services sector. The country has also been considered Europe’s eGaming capital, currently attracting plenty of interest in the fields of eGaming business and ICT (information and communications technology). The country is suitable for online gaming and eBetting services, offering the possibility to easily start an online casino by choosing the proper license required for your business.

Malta is also a signatory to tax treaties and international agreements that offer easy access to third country markets, such as Asia and North Africa.

The casinos opened in Malta must follow the rules of the Gaming Act Regulations of the 7th of August 1998 and must register with the Lotteries and Gaming Authority Malta.

A license is necessary in order to open an online casino in Malta and is granted only to companies registered here. Certain conditions have to be met before asking for a license for eBetting: the person that owns a large amount of voting capital and the director of the company must be persons of integrity and the representative must have the expertise to operate a casino.

The license needed for e-gaming is available for a period of 5 years and is renewable for another five years after this period. An annual fee must be paid for it. The online gaming license is usually stating the name of it, the date of issuing, the date of expiration, the casino’s address and the address where the specific documents must be issued, the maximum number of tables and machines that can be operated under the license and the minimum opening hours.

There are four classes of licenses required for online gaming and they are issued by the LGA, with classes from one to four.

The first class licence for eBetting is granted for the lotteries, slots, online casino style games; the second class is offered for betting operators, the third one must be requested by promotion and advertising companies that operate from Malta, such as game portals, poker networks and betting exchanges. The last class of license must be requested by companies that are not operators of remote gaming operations, but host this type of business (companies that offers space and management on their platforms).

The Lotteries and Gaming Authority is the main organism that will provide the license for opening an online casino, if all the documents are properly submitted no later than 18 months from the initial submission.

The applicants willing to receive a license to open an online casino in Malta must provide the following documents: registration certificate of the company, last year’s audited statements(if applicable), copies of trademarks if available, a three years business plan, the power of attorney granted to the representative, personal declaration form and a standard application (available on the LGA website). Also the LGA may request other documents such as the passport of the beneficial owners, a proof of residence of the beneficial owner (utility bill), bank reference letter regarding the beneficial owners,

No later than 14 days from any change in the status of the online casino opened in Malta, the LGA must be informed.

Dragonara Casino was the first casino opened in Malta, in 1964. Nowadays there are four licensed casinos here: Casino de Venezia, Dragonara Casino, Oracle Casino and The Casino of Portomaso.

Our firm offers to assist their clients throughout all the steps required for opening an online casino in Malta: drafting the Articles of Association, drafting all other documents required for the incorporation of the Maltese company, arranging Public Notary procedures, setting up a bank account for your Maltese company, recommending an accountant in Malta.

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