MGA awards Digital with Critical B2B Gaming Licence

The Malta Gaming Authority (MGA) is a single regulatory organization for all gambling activities in Malta. Due to its competent technical expertise and advanced regulatory environment, many people have regarded Malta as a worl d-renowned remote gaming regulatory agency. In addition, many other gaming regulators evaluate the MGA's lon g-standing knowledge and expertise in the gaming industry, regardless of the MGA process and procedures as a reliable benchmark to adjust their own system. 。

Who is eligible for a Malta Gaming license?

A company that is established in the European Union (EU) or European economic domain (EEA) and intends to carry out any of the following activities is eligible to apply for a license.

What kind of license is there?

The MGA license is issued to the following categories:

• Gaming service license: Gaming service license: Corporate consumer (B2C) license to provide or implement gaming services.
• Critical gaming supplementary license:

Corporate Company (B2B) License: A license for supply and manages the physical elements of games. lingering

As part of the standalone or system, the company for the supply and management of the software to create, capture, manage, and handle important regulatory files, and to supply and manage the management system itself where the software exists. License (B2B).

What are the different types of Games which are licensable by the MGA?

Types of games allowed by MGA

• Type 1: Interpatient play chance games that determine the results by random generator, include casin o-type games such as roulette, blackjack, baccarat, and interpersonal play poker, and////// or
• Type 2: It is a chance game to play a house, and the results are determined by events or competition results unrelated to chance games. And / or
• Type 3: Gambling that does not compete against the house, the operator is not exposed to gambling risks, but gambling is gambling that makes a profit by taking a bed or priz e-based fee or other fee Includes games for players such as commissio n-based games. And// or
• Type 4: The managed skill game fantasy sports based on Article 8 of the gaming approval rules are considered a managed skill game.

The Malta Remote Gaming Licence Application Process

Operators who wish to obtain a gaming license in Malta must go through a rigorous application process. Applicants must submit detailed information and documentation about their proposed activities for scrutiny and audit by the Malta Gaming Authority (MGA). This process is explained in more detail below.

• Application process
• Due diligence by the Malta Gaming Authority (MGA)
• Business plan
• Operational and statutory requirements
• Malta gaming license regime review
• Compliance review

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The Application Process

The application process is harmonized into a single stage. Applicants can submit all the required information in one go, and the MGA is committed to analysing all the information through multiple internal process streams.

During the application stage, the MGA assesses whether the applicant:

1. Is suitable for a gambling business. 2. Is properly prepared in terms of its business strategy. 3. Has the operational and statutory requirements to meet its obligations as set out in law and policy. 4. Has properly implemented and tested its application in a technical environment before going live.

1. Malta Gaming Authority (MGA) Fit & Proper Test

The MGA will conduct due diligence and due diligence on the applicant by assessing all information regarding all shareholders, UBOs, those involved in financing and management, legal compliance and other key positions. It will also assess the viability of the business. The MGA will cooperate with other domestic and international regulators and law enforcement agencies in conducting due diligence.

2. Business Planning

The MGA will conduct a thorough financial analysis of the applicant's business plan. The applicant's business plan is expected to provide a detailed outlook of the business, including marketing and distribution strategies, human resource plans and growth targets.

3. Operational and Statutory Requirements

The applicant will be screened on the means required to carry out the operations. This process includes consideration of incorporation documents, operational and technical policies and procedures, gaming and gaming systems and management, technical installation including systems, network and application architecture, gaming rules, terms and procedures, and any other documentation required.

Furthermore, the licensee shall be subject to minimum issued capital requirements as follows:

Gaming Service License (B2C):

- Type 1 - minimum 100. 000 euros - Type 2 - minimum 100. 000 euros - Type 3 - minimum 40. 000 euros - Type 4 - minimum 40. 000 euros

Critical Gaming (B2B) Supply Licence:

Companies with more than one type of authorisation must cumulatively meet the above share capital requirements, up to a minimum of 240. 000 euros.

Malta Online Gaming License Systems Review

Once all three areas have been successfully completed, the MGA will notify the applicant that the application is successful and will invite the applicant to apply on the technical environment in preparation for submission. The applicant will have 60 days to complete this work, after which the application will be considered discontinued and subject to reapplication. At any time within those 60 days, the applicant is expected to request an external system review (conducted by an independent third party contracted by the MGA at a fixed price). The system review will test the production environment against the proposed application.

At this stage, the MGA expects minimal deviations from the application. If there are significant changes in the gaming system, the applicant will be required to reapply with a new application. Once the certification process is complete, the authority will issue a 10-year license.

4. Compliance Review

After the start of operations, the MGA will allow the licensee to undergo several operational compliance audits conducted by an independent third party contracted by the MGA at a fixed purchase price.

The MGA will require such audits to be conducted according to the following schedule:

1. 2. Any other audits as determined by the MGA's compliance plan.

Failure of a compliance audit may lead to the suspension or termination of the license.

Malta Gaming License Cost

The MGA charges a non-refundable administration fee after application for a gambling license in Malta. Based on the revenue generated and the type of license, whether B2C or B2B, the MGA also receives an annual license fee and a compliance contribution.

Both a fixed annual license fee of 25, 000 euros and a compliance contribution apply to gaming service (B2C) license holders. Compliance contributions are progressive percentages based on gaming revenue.

Critical gaming (B2B) offer licensing is applied to an annual license fee of € 25, 000 (€ 25. 000) (it may be increased to 35, 000 euros (€ 35. 000) according to annual revenue). However, B2B Licensei, which provides back office services, applies a fixe d-year license fee of 3, 000 euros (3, 000 euros) (it may be increased to 5, 000 euros (5, 000 euros) according to annual revenue).

In addition, if you provide a gaming service to Malta physically existing players, Licensei is subject to gaming tax calculated at a 5 % tax rate of gaming revenue generated by gaming services a year.

The CSB Group's Igaming Consultant will provide all steps for the various MGA charges to be applied and the specific licenses you need based on your desired online gaming business. CSB Group consultants also support the establishment of a trading company and a portfolio company, and related services such as tax consulting and accounting specialized for Igaming companies.

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Malta Gaming Companies Financial and Operational Activity

When Malta's gaming license application procedure is completed, the applicant will have a 1 0-year license.

At the time of the gaming license, Licensei is considered to have started activities. Changes from the initial remote control license application or other expected deviations must be submitted to the authorities for approval.

Other major reports required by authorities to monitor the total gaming activities are as follows:

I. A set of financial statements created in accordance with the International Financial Financial Financial Financial Financial Reporting Standards.

II. Provisional financial statements

Intermediate financial statements include at least a financial status statement and a comprehensive profit statement.

III. Industrial performance report

All licenses must create an industry performance report (IPR) that provides major data on various aspects of business. These must be submitted every two years.

IV. Gaming controller funds and gaming income statements

These must be submitted every year within nine months after the end of the fiscal year.

v. Management letter from auditor

Once the statutory audit commitment is completed, all franchisies must submit the auditer's management letter within nine months after the end of the fiscal year. This can be performed from the franchise portal through the auditer's management book application form through the company timeline.

VI. Monthly report

Those who have a Malta online gaming license must submit a monthly report.

The list of this report is not comprehensive, but may be required at any time, as needed, in accordance with the applicable law.

*Sourc e-MGA (Malta Gaming Authority)

The Benefits of Obtaining a Malta Gaming License

Expert Work Force

Malta's important elements of Igaming Ecosystem are undoubtedly dedicated and trained in various business categories. More than 10. 000 Igaming employees are working directly at Malta's Igaming companies, and this number is increasing year by year. The quality and experience that trained candidates can bring to business are essential for business success.

Low Tax Rates

Malta's advantageous tax system is Malta's strong economic pillars. Thanks to the low tax rates, companies were able to prosper by reusing profits and building a future potential business with a powerful financial base.

Stable Economy

A powerful business prosperity requires a powerful and stable economy. The target of Malta for many years, pursuing growth at various levels, increasing GDP, reducing unemployment, and suppressing inflation is all the goal of approaching an approach to continuous and stable growth. It is an indicator of the country that has been.

EU Member

We live in the globalized world and economy. Since Malta joined the EU, Malta, the smallest member country, has been engraved on a map in various economic fields. It has become a FinTech hub from the jurisdiction of Igaming, and has recently become a business model for e-sports and pierced piercings.

Prestigious License

Since Malta introduced regulations related to this sector in 2004, Malta's license has been increasingly powerful. This success is the result of the government in this industry, which can create a building block that enables the prosperity of various regional economic sectors if there are appropriate regulations. < SPAN> Once the legal audit commitment is completed, all franchisies must submit the auditer's management letter within nine months after the end of the fiscal year. This can be performed from the franchise portal through the auditer's management book application form through the company timeline.

Player Trust

VI. Monthly report

High Anti Money Laundering Standards

Those who have a Malta online gaming license must submit a monthly report.

The list of this report is not comprehensive, but may be required at any time, as needed, in accordance with the applicable law.

High Responsible Gambling Standards

*Sourc e-MGA (Malta Gaming Authority)

Onshore Status

Malta's important elements of Igaming Ecosystem are undoubtedly dedicated and trained in various business categories. More than 10. 000 Igaming employees are working directly at Malta's Igaming companies, and this number is increasing year by year. The quality and experience that trained candidates can bring to business are essential for business success.