Malta: online casino license
Nowadays the popularity of gambling business grows day by day and it is not surprising as it brings huge income. That is why lots of businessmen and companies are striving to open casino.
It bears reminding that casino games are prohibited in many countries and land-based casinos that were successful some time ago were closed. However, due to advanced technologies and Internet possibilities former owners of land-based gambling venues opened their business in Internet avoiding many problems and increasing income.
In order to conduct legal business you need documents officially issued by authorities of the country where this business is opened. Gambling activity in this aspect does not differ from any other that is why online casino is obliged to receive gambling business license.
A class one license is the most common for casino game operators, and it covers all types of wagering where a player will be involved in the same type of game over and over again.
The class two license deals with sports betting and betting on other events like that, and a class three license is especially made for operators of games like poker where the players aren’t playing directly against the house. The main requirement here is that the casino is taking a commission from games that players enjoy against each other.
Finally you have the class four license, and this class is for software developers who manage relationships with multiple operators.
There are several things that a company has to do if they want to avoid having their Malta online gambling license revoked.
In fact, the criteria that Malta requires of their casinos is designed to ensure that all of their licencees run a fair operation. However, in the worst of cases, Malta can work with casinos and players to come to an agreement.
Although Malta has become known for its passiveness with player-casino relations, they have become more active in recent times with investigating complaints thoroughly and acting as necessary.
Address: Malta Gaming Authority Suite 1, Level 3 TG Complex, Brewery Street Mriehel, Birkirkara, BKR3000 Malta Phone: +356 2546 9000 Website: http://www.mga.org.mt/
Numerous online casinos are licensed and regulated by the government of Malta.
This includes oversight of the licensing process, and they are responsible for making sure that only operators that follow good business practices are able to get licenses. The issue here is that they want to make their name actually mean something.
The LGA can’t keep up a good reputation in the licensing arena if they frequently grant licenses to shady companies.
Four different classes of licenses can be granted from the LGA in Malta, and this helps to grant different types of businesses the appropriate permissions and levels of responsibility that come along with different parts of the industry.
Помочь пройти все этапы и начать успешный европейский бизнес поможет компания «Прифинанс».
Conditions mentioned in online casino license of I category are defined also in the sub license «1 on 4» for games based on RNS and for “experience” games (IV category). This license is for the owners of Internet casinos operating under license of IV category.
Malta Online Casino License
There are separate licenses for online gaming, online betting, betting promotion, and hosting of betting…
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The Malta Lotteries & Gaming Authority was all set to launch operations pertaining to gambling and betting activities online in February 2004. It was agreed to by one and all and the guidelines were eventually implemented.
Hence, Malta had an entirely new licensing procedure.
Although, the implementation was done in April instead of February, it was still pretty successful. The licensing was very liberal and very easy owing to which a large number of parties saw the opportunity for acquiring a license.
Owing to the new licensing procedure, Malta has acquired a reputation of being one of the prominent countries in the online gaming industry.
four differerent classes:
So, no matter what kind of online gaming service a company intends to offer, the Malta LGA likely has a license to make it official.
Therefore, there is definitely prescribed a certain degree of oversight of casinos wishing to operate within the jurisdiction of Malta.
Malta also requires certification of the fairness of the games and legitimacy of the software to be used by the online casino in question in order to obtain licensing. The testing agency must be a certified and approved one pursuant to the regulations of the MGA and all certifications must be current. Online casinos must be re-certified and approved by the MGA in the event that there is any changes to the software or to the rules of any of the games offered by the casino.
The MGA also has regulations in place similar to other licensing jurisdictions that deal with player’s funds, equal to the amount that exists in the accounts of players, to be held in a separate fund than the operating fund of the casino.
Для получения лицензии на территории Мальты обязательным требованием является открытие мальтийского юридического лица.
License of III category allows games organization between users that win by themselves thanks to their skills and efforts and undertake all responsibility. Operator of such business does not bear any risks and gets percents from the game, and Malta online gambling license ensures bets exchange.
Such venues include poker rooms, bingo, totalizators, betting exchanges.
The variety of this license is sub license for gambling operators that act on Malta under the license of IV category. These business owners either work in this country or conduct gambling activity.
It was proposed to form 4 classes of gambling licenses.
• Class 1: license for operators providing online casino games, lotteries, games of chance and random number generator.
• Class 2: license for betting shops operators (online sports betting, fixed rate coefficient, the pool of bets).
• Class 3: licenses for advertisers and advertising companies, including P2P networks, poker networks, exchange rates, bingo.
• Class 4: license for companies providing software for online gaming companies — business.
Obtaining Malta license is a very complicated process, as far as the state pays special attention to this segment.
A harsh inspection is being held at every step of license obtaining.