Acquiring a Malta gaming license takes time, paperwork and expert guidance – the Malta Gaming Authority was founded in 2001 to oversee this sector, which represents an increasingly significant share of Malta’s economy.
Before an operator can launch, they must conduct an intensive system review in a controlled environment, including external audits and the appointment of key function roles.
Benefits of a Malta Gaming License
Becoming licensed in Malta opens up a wealth of markets, offers competitive tax structures, and provides a strong regulatory environment – not to mention increasing brand reputation and building player trust!
Malta’s iGaming industry contributes 10% of its economy. Workers here have received extensive training across many business disciplines and many people speak multiple languages; making it easy to locate skilled personnel to support your operations.
B2C and B2B operators alike may apply for a Malta Gaming Authority (MGA) license, with entities fulfilling key functions to comply with its regulatory framework. We can serve as key function holders upon request – eliminating extra hires while expediting cross-border operations establishment.
Before being granted a Malta Gaming License, you must undergo an in-depth system review and regulatory audit. NuxGame can assist in fulfilling these requirements by connecting you with certified system auditors and technical experts. NuxGame offers innovative solutions designed to assist online gaming businesses in expanding and flourishing, including an affiliate and agent system enabling clients to establish partner networks as well as advanced affiliate and agent management modules. These systems can help attract new players while driving traffic towards your website.
NuxGame offers a robust and scalable casino platform with their Turnkey solution, featuring games from over 120 leading iGaming providers as well as personalized odds for over 70,000 events per month in their sportsbook. Their loyalty Tier Program also allows users to easily track points, shops, and redeem rewards at any given time.
Requirements for a Malta Gaming License
Earning a Malta Gaming License can be difficult. To do so requires meeting stringent financial reliability and compliance criteria as well as regular audits by the Malta Gaming Authority to ensure operators abide by player protection and anti-money laundering protocols.
Applicant businesses must submit a comprehensive business plan and multiple corporate documents, including policies, terms and conditions and software agreements. Furthermore, original bank references as well as notarized copies of passports for all owners and directors will need to be provided as well as notarized copies of passports for all owners and directors must also be provided.
Once gaming companies receive a Malta license, they are subject to one-time application and annual license fees and an 5% gaming tax on revenue generated from players within Malta. Furthermore, the Malta Gaming Authority (MGA) holds the legal authority to suspend or revoke a license if an operator violates regulations or laws set forth by Malta; furthermore they promote responsible gambling practices while offering support services for any players experiencing problems related to gaming activities.
Getting a Malta Gaming License
At first, obtaining a Malta Gaming License may seem intimidating, but the MGA has made the process simpler by streamlining it into one step with one application form that enables applicants to submit all required paperwork more efficiently – saving both time and stress in the process.
First step to successfully operating in gaming: Select the license that best aligns with your business activities. There are two primary license types available – Gaming Service and Critical Gaming Supply. Gaming service licenses apply to operators that engage directly with players while critical gaming supplies involve games that utilize random number generators.
In both instances, the MGA will conduct a detailed due diligence process, including conducting a fit and proper test, reviewing business planning documents such as financial forecasts and operational and technical policies and procedures, as well as performing systems reviews to verify that staging environment matches technical/operational setup described in an application.
Maintenance of a Malta Gaming License
Digital gaming is a key contributor to Malta’s economy and Maltese citizens are highly qualified in IT, programming, data analytics and marketing skills required for running an effective iGaming company.
The MGA has established itself as one of the premier and reliable licensing solutions available, and MGA licensees must regularly report gaming revenues and expenditures while adhering to all MGA regulations.
Malta Gaming Licenses provide operators’s with numerous advantages, including access to important markets across Europe. They are also recognized by players as symbols of integrity and trustworthiness – inspiring their loyalty.
