iGaming Licence Application
On successful completion of the first stage of the iGaming application process (that is the pre-application and application stage), the Malta Lotteries and Gaming Authority will require the applicant to put the procedures and policies previously been set forth in the written submissions, and which have been approved by the Malta Lotteries and Gaming Authority under the first stage of the iGaming application process, into practice. This implies that the iGaming project must now be transformed from a theoretical plan of action to a physical operation, all within a testing environment.
iGaming Systems Audit
At this stage a systems audit is conducted by the Malta Lotteries and Gaming Authority in relation to the physical operation so as to ensure that the practical aspect of the iGaming project is functioning properly and to its satisfaction. The systems audit takes the form of a desktop audit, whereby the examination is carried out in a remote, rather than, a physical manner.
Key considerations of the Malta Lotteries and Gaming Authority throughout this audit generally revolve around consistency with the written submissions previously submitted; assurance of player protection; prevention of money laundering; and the general adherence to the policies and regulations applicable to the i-gaming applicant.
Chetcuti Cauchi Advocates is able to guide you through this process, which must be completed within 60 days from the go-ahead date granted by the Malta Lotteries and Gaming Authority. Assistance provided by our iGaming legal department shall include interpretation and explanation of relevant laws and policies; recommendations as to the manner in which obligations are to be fulfilled to a satisfactory level; and the general liaison with the Malta Lotteries and Gaming Authority on behalf of the iGaming applicant.
On the other hand our accounting team shall offer guidance in relation to matters of a more financial nature, particularly with regard to preparatory work for synchronisation of the control system with players’ and operational bank accounts and the generation of necessary reports on a regular basis.
iGaming Technical Assistance
Needless to say, at a stage where theoretical illustrations are being converted to a tangible operating system, assistance from a technical perspective is essential. In this regard, IT consultancy is also available. The IT consultants, through their vast expertise and experience in the iGaming industry, shall provide you with all the necessary advice and recommendations.
