Acquiring a Gaming License in Malta
A prospective gaming company seeking to obtain a license in Malta would need to apply for an iGaming license either to provide Business-to-Business (B2B) services or Business-to-Consumer (B2C) services covering the types of games to be offered. An iGaming licence may be provided for any one or all of the following types of games:
Type 1 - operators managing their own risk on repetitive games (casino-type games, skill games and online lotteries)
Type 2 - operators managing their own risk on events based on a matchbook (fixed odds betting, pool betting and spread betting)
Type 3 - operators promoting and abetting gaming from Malta & taking a commission from promoting and/or abetting games (P2P, poker networks, betting exchange and game portals).
Type 4 - controlled skill games such as fantasy sports
Amendments to the Malta Gaming License
It can be noted that whilst each type refers to typical games offered online, recent amendments made to the Malta Gaming Licence by means of the Gaming Act of 2018 are not game or technology specific hence easily encompassing different games and technologies without the requirement of amending the law. This allows operators to bask in their world of imagination and creativity whilst being provided with a legal regime that is able to licence the most original and innovative games.
Our Malta Gaming License Services
In the process of obtaining an iGaming license, the choice of the type of license to be applied for is crucial in that it will set the parameters in which a gaming company can operate. Our iGaming lawyers are able to dissect the composites of any type of game and ensure that the proper type of license is applied for. Chetcuti Cauchi Advocates’ iGaming advice also includes assisting clients to formulate their gaming model to fall within one type of license rather than another, depending on the preferences of the client. Our team of iGaming experts provide advice and assistance to clients in relation to the obligations and duties under each class of license and assist iGaming operators with the relative compliance duties.
