Malta Online Casino License

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The Mediterranean island of Malta’s chief gambling regulator, the Malta Gaming Authority (MGA), revealed in its Interim Performance Report how it revoked seven gambling licenses from active operators in the country. Several more operators were found to be violating the authority’s rules and regulations, some of whom were contacted and subsequently fined.

The main gambling authority in Malta has revealed that it canceled seven gambling licenses in the first half of 2020, along with multiple notices and fines issued against operators found to be violating the Mediterranean island’s gambling rules and regulations. ©Magdalenalena/Pixabay

Malta Gaming Authority Issued Multiple Warnings and Fines in 2020

The main gambling authority in Malta, the Malta Gaming Authority (MGA), recently published its Interim Performance Report, in which the first six months of 2020, up until June 30th, 2020, are covered.

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The report’s results and figures are wide-ranging, demonstrating the regulator’s active efforts to better control the Maltese gambling scene.

Yet perhaps most notable was the revelation that seven gambling operator’s licenses were revoked.

The Malta Gaming Authority (MGA) likewise issued a total of 20 regulation breach notices in the first half of 2020, along with an additional 11 warnings to operators.

A further nine administrative fines were handed out to these violating operators — and two licenses were suspended altogether by the MGA.

While there were approximately 20 licensed operators affected by the fines and suspensions which emerged as a result of the Malta Gaming Authority’s audits and compliance reviews, notable inclusions were bSupporter, Pick Mater, Dorobet, The Daily Fantasy Football Company, and finally Watch World Luxur — a Malta-based watch retailer.

Among the financial settlements paid out as a result of fines issued by the MGA, it was Blackrock Media which agreed to pay a hefty penalty of €2.3 million (£2.0m/$2.8m). The charge against it was for operating a gaming service without the appropriation authorization.

Online Gambling Figures Show Active Player Growth

Aside from the numerous fines and revoked licenses in the Malta Gaming Authority’s Interim Performance Report, figures from Malta’s online gambling market were also published in the report.

These figures revealed that approximately 303 new gambling licenses were issued by the authority in the first half of 2020, with 196 of these licenses consisting of B2C gaming licenses, while 111 were B2B critical supply licenses.

Largely consistent with Europe-wide tends during the novel coronavirus (Covid-19) pandemic, the number of active player online accounts in the Maltese iGaming market climbed 11.8% year-on-year to 17.2 million, while new active player accounts also increased by 12.3% to 7.6 million.

In terms of the array of iGaming verticals available to players, it was slots which remained the most popular form of online gambling, with 77.4% of gaming revenue generated in 2020’s first half, compared to 18.4% on table games and 4.2% from other games.

Wages made on football matches accounted for an impressive 74.8% of online sports betting revenue, with peer-to-peer poker standing as the most popular form of gaming amongst Type 3 verticals, accounting for 90.8% of revenue in this particular category.

In terms of tax revenues for the first half of 2020, the Malta Gaming Authority collected €24.6 million in online gambling tax, which is the highest six-month total since the second half of 2018, which saw €24.9 million paid out by license holders in Malta.

Land-Based Gaming Struggled in 2020 Due to Covid-19

Due to the temporary closure of gambling facilities across Malta as a result of the novel coronavirus (Covid-19) pandemic, land-based gaming took a fairly significant hit in the first half of 2020.

According to the MGA’s Interim Performance Report, player visits dropped by 54.6% year-on-year down to 192,351, while new player registrations fell by 64.1% down to 26,176.

Tax revenues were naturally also impacted by the struggles experienced by land-based offerings. Only €3.9 million in tax was paid by land-based casinos in the first half of 2020, which is less than half of the €8 million paid during the same period in 2019.

Also taking a hit in 2020’s first half due to Covid-19 restrictions were controlled gaming premises, which saw player visits drop down 39.3% and tax contributions falling by 42%.

Similarly, commercial bingo player visits also decreased by 54.1% to 38,190, with tax payment down 52.3%, coming out to merely €118,344

National Lottery Also Affected by Covid-19 Restrictions

Malta’s National Lottery system saw its sales fall 36.5% year-on-year to €30.7 million during the first half of 2020, likely due to its operations being limited due to widespread Covid-19 closures.

Only €4 million in gaming tax was gathered from various National Lottery operations, which represents a 34.4% drop when compared to the same period in 2019.

When the online gambling market’s performance is taken as a whole, the Malta Gaming Authority revealed that a total of 313 operators were active by the end of 2020’s first half, accounting for 318 total issued licenses.

In terms of employment figures, roughly 8,009 Maltese residents were employed across the gambling industry as a whole — with 7,196 operating in the online gambling sphere, while 813 worked in land-based gaming offerings.

Finally, operators paid out €33.7 million in tax, which was down 16.3% year-on-year.

Malta’s General Workers Union (GWU) Won Court Victory in 2020

Despite the effects of the novel coronavirus (Covid-19) pandemic, the Maltese gambling scene nevertheless had a surprisingly eventful 2020.

Following threats of industrial action, Malta’s General Workers Union (GWU) won a legal victory against global gambling supplier NetEnt, after the island’s Superior Court sided with the country’s largest labor union.

The union’s mobilization and threats of industrial action were in response to the announcement of widespread layoffs as a result of live dealer specialist Evolution’s acquisition of gambling supplier NetEnt.

The layoffs were potentially going to impact upwards of 300 employees, with little to no efforts being made to avoid such redundancies. The union likewise claimed that anti-union tactics and union busting tactics were being employed by NetEnt.

In the face of the union’s industrial action and organizing efforts, Malta’s Superior Court sided with the General Workers Union, thereby forcing NetEnt and Evolution to delay the planned layoffs until at least December 17th, 2020.

Though the workers’ union largely celebrated the legal victory at first, they nevertheless promised to maintain pressure on the gambling suppliers until they honored their obligations to comply with Malta’s Collective Redundancies (Protection of Employment) Regulations.

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Malta is an island country in Europe that grants online casino licenses with low taxes. Here is the secret of the popularity of Malta among the owners of gambling clubs: it has excellent tax legislation, loyal conditions, and a whole ocean of prospects.

Malta has been issuing online casino licenses since 2000 and is a pioneer in this field. Today, this jurisdiction is considered to be reliable and authoritative, and many operators are trying to get a work permit in Malta.

If you are considering options for obtaining a license, it will be a good decision to sign up for a consultation with the managers from Gaminator. They will help you to understand the differences between various jurisdictions and choose the one that is perfect for your gambling project. Sign up right now!

A Review of the Malta Gaming License and its Advantages

Malta is a member of the European Union and, on the legislative level, has fixed criteria for the provision of services to clients. In the case of gambling clubs, these are: focus on the interests of gamblers, resolution of every issue that arises, and provision of the data protection of the highest level.

This is one of the reasons why players trust gambling clubs that have the Malta gaming license and feel safe to deposit money to such websites. But, of course, the jurisdiction still has more advantages.

Why Getting a Permit in Malta is Worth it:

• Malta is a member of the EU, and it gives operators from different countries many opportunities for their business: for example, there will be no difficulties in opening bank accounts, it will be easier to negotiate with partners, work with clients from all over the world, etc.;
• the Malta gaming license is recognised by all other EU members;
• excellent taxation system;
• the presence of a European license allows you to connect to a direct Merchant Account and process credit cards on the Web;
• business is under the protection of the government!

We would like to add that the list of the world's largest online casinos includes companies that operate under the Maltese permit, which is already a good reason to decide on this particular jurisdiction.

Types of Permits for Online Casinos in Malta

Some jurisdictions issue single licenses for all types of gambling activities. But Malta has its own special feature in this matter. Here, gaming regulations provide for the issuance one of four types of permits, depending on what exactly you are planning to do.

Categories of Maltese gambling licenses:

1. Licenses for operators of online clubs that use a random number generator: online casinos, lotteries, slot machines, etc.
2. Permits for bookmaker’s offices.
3. Licenses for promotional agencies, poker networks, and exchange rates.
4. Permits for gambling software vendors that produce gaming platforms, payment solutions, and security systems for the gambling business.

We recommend you to decide in advance on your future plans and file the necessary applications in order to avoid the need to obtain another license.

Conditions for the Acquisition of the Malta Gaming License

Malta Online Gambling

In any country, casino licensing is a rather complicated process, and in such a serious and respected jurisdiction as Malta, it is necessary to have a strong background.

Malta Online Casino License Plates

Operators from countries listed under the Malta gaming license has to meet the following requirements:

• registration of a company in Malta;
• submission of a package of documents for each shareholder that owns more than 5% of the shares, as well as for the whole management team: copies of passports, bank statements, reference letters, resumes, etc. ― all that can be used to create a financial portrait of the participants;
• confirmed availability of technical and financial resources for conducting activities in the gaming sector;
• availability of the authorised share capital: from one hundred thousand euro for the first and the second class, and from forty thousand euro for the third and the fourth;
• drawing up a detailed business plan.

Malta is one of the few jurisdictions that are really interested in developing new business. Therefore, in Malta, a permit cannot be issued without a clear and well-developed business plan. We have decided to tell you in more detail about the requirements for drawing up this document since its validity can also be checked.

The business plan should contain:

1. The description of the goals of a future gambling project.
2. An approximate period when the project will pay off.
3. Business models for income generation.
4. The description of the structure of a company, job responsibilities, staff that needs to be involved, and the cost of its services.
5. The list of software, which is necessary for a successful operation of the casino.
6. The amount of money that is planned to be invested in the project and the proof of the legality of these funds.
7. The description of a marketing strategy.

Summarising the above, we can say that the business plan should fairly present the prospects of your future business.

As our experience shows, the Malta gaming license is issued to organisations with a strong business background and ambitious plans. So, it is exactly the business plan that can be essential to the commission.

Stages of Casino Licensing in the Jurisdiction of Malta

Stage №1

Submission of a package of documents to the MGA (Malta Gaming Authority), which includes a written application with a request for a permit, a business plan, information on founders and managers of the company, and other documents.

The commission analyses a business plan, the history of the founders, their characteristics, and the motivation for starting a business in Malta. If additional documents are not required, the stage is completed in two or three weeks.

Malta Online Casino License Plate

Stage №2

The registration of a company in Malta and opening accounts in banking institutions.

At this stage, the technical aspect of the project is been checked: operating principles, the used software, data transfer schemes, etc. After verification, a temporary work permit is issued for a period of six months (with a possible extension for three more months).

During this time, an operator has to start carrying out his activity and be prepared for the audit. The second stage lasts on average from twelve to sixteen weeks.

Stage №3

The audit by an MGA specialist who keeps an eye on the development of the project during the period when the operator has a temporary license. In case of successful completion of the audit, a permit is issued for five years. Please remember that the regulator may prescribe additional conditions for work or a subsequent renewal of the document.

How to Obtain the Malta Gaming License?

If you have not faced the need to obtain a permit before, it will definitely be better for you to ask for the help of a more experienced partner. The Gaminator company offers you support during the entire licensing period.

We will answer all your questions including the Malta gaming license cost, deal with the preparation of documents, their translation, certification, and submission.

In addition, we will be happy to help you to create an online casino from scratch: together, we will select a gaming platform, the necessary software, and payment solutions. From us, it is also possible to rent a casino or purchase it on a turnkey basis. Entrust the development of your business to Gaminator.

Write to us right now:

• by e-mail: info@gaminatorsystem.com;
• on Skype: gaminator.deluxe;
• via the feedback form.