Licensing of Remote Gaming Operations
All operators of remote gaming in or from Malta must possess a valid license of the relevant class as set out in the First Schedule of the Remote Gaming Regulations. Applicants must satisfy relevant criteria amongst other things they must be:
1. limited liability companies registered in Malta,
2. they must satisfy the “fit and proper persons” test which involves rigorous due diligence checks on all persons (individual or corporate) who have a significant stake in the enterprise,
3. Demonstrate business, financial and technical ability to carry out the operation, and
4. Demonstrate its solvency in order to ensure player winnings and deposit returns are safeguarded.
Four classes of Gaming licenses
1. Class One – operators managing their own risk on repetitive games (casino-type games, skill games and online lotteries)
2. Class Two – operators managing their own risk on events based on a matchbook (fixed odds
betting, pool betting and spread betting)
3. Class Three – operators promoting and abet gaming from Malta & taking a commission from
promoting and/or abetting games (P2P, poker networks, betting exchange and game portals)
4. Class Four – operators hosting and managing online remote gaming operators, excluding the licensee himself (software vendors developing platforms from which gaming operators can operate).
Contact us for more information as well as for a quote. We will happily guide you through the gaming License application process and also advise you on the solutions that would best suite your needs!. info@ascheri.co.uk
