Wednesday 12 May 2010

Gaming License

Let me explain briefly how gaming licenses work in Malta and what different types of licenses you can apply for.

Remote gaming in Malta is regulated by the Remote Gaming Regulations, 2004 issued under the Lotteries and Other Games Act 2001 ("LOGA"). The regulatory body in Malta supervising remote gaming operation is the Lotteries and Gaming Authority ("LGA").

In order to provide remote betting/gaming services from Malta, one needs to obtain a license of the class appropriate to the operations. I have been dealing with the whole process and it has been tough work. They ask for all the details of your operations and the requirements are really strict. It is a pity that customers don't realize how strict it is because that would make them feel safer and more secure.

Licensees are expected to operate in compliance to LOGA and the Regulations, as well as anti-money laundering legislations, e-commerce legislation and any other relevant law. The following four classes of licenses are available in Malta:

Class 1: For operators managing their own risk on repetitive games. This class covers casino-type games, skill games and online lotteries.

Class 2: For operators managing their own risk on events based on a matchbook. Under this class falls fixed odds betting, pool betting and spread betting.

Class 3: For operators taking a commission from promoting and/or betting games. This class includes P2P, poker networks, betting exchange and game portals.

Class 4: To host and manage remote gaming operators, excluding the licensee himself. This is intended for software vendors who want to provide management and hosting facilities on their platform.

We operate under a Class 3 license because we earn commissions from raffles.
A basic tenet of the Regulations is the requirement that the core part of the online gaming/betting operations must be physically located in Malta.

No comments:

Post a Comment