Remote Gaming in Malta
The first online betting site in Malta was launched in the year 2000, under the Operation of Betting Offices Regulations (S.L. 70.04), to regulate offshore betting offices.
The Remote Gaming Regulations (S.L. 438.04) issued in April 2004 were published, making Malta the first EU member state to regulate remote gaming. In August 2018, the new Gaming Act and the relevant subsidiary legislation came into force.
The new Framework broadened the regulatory scope to increase the MGA’s oversight. It moved towards an objective-based regulatory approach to allow for innovation whilst ensuring that the regulatory objectives are attained.
The new gaming regime applied by the Malta Gaming Authority, is both technology and game-neutral, therefore encompassing any type of gaming offered. The advent of DLT also infiltrated the Malta remote gaming ecosystem which currently operates a VFA/DLT SANDBOX FRAMEWORK. The sandbox environment shall conclude on 31 December 2021. If the MGA deems it appropriate, the duration of the sandbox may be extended further for a specified period, in whole or in part.
- Malta Gaming License Applications;
- Setting up of Corporate Structures;
- Assistance with hot-desking / office space allocation;
- Assistance with opening of accounts with gaming-friendly banks and financial institutions offering account opening and payment solutions
- Pay-roll function;
- Book-keeping and Administration and Compilation of VAT returns within statutory deadlines;
- Annual Statutory Audit;
- Legal and advisory;
- Back-office Administration;
- Commissioning of Co-Location and 24/7 hosting service and IT Testing & Payment Gateway Services