Related Information

Information for players

The licensee is obliged to make available to the players all rules relating to the authorised games offered by the licensee. Processing fees, if any, may be incurred by the player. Furthermore, the licensee’s web site home page should amongst other things specify the licensee’s details, including the fact that the licensee is licensed in Malta and include a link to the Authority’s website.

Registration of players

Prior to allowing a player to participate in a game, the licensee must register the player. Registration details must include the player’s identity, age and place of residence. A licensee is prohibited from providing loans or giving any credit to players in order to enable them to participate in any games offered by the licensee.

Protection of players’ money

In accordance with the regulations, players’ money must be kept in a client account held with a credit institution approved by the Authority and held separately from the funds of the licensee. The licensee must ensure that funds in the clients’ accounts, including funds in transit or in the process of clearance are equivalent to the aggregate amount standing to the credit of players’ accounts held by the licensee.

The licensee should allow a player the option to place a limit on the amount that may be wagered over a specific period of time or the amount of losses that may be incurred. The licensee must have the necessary security features in place for ascertaining player’s credit card details and payment patterns. These features will also serve to protect the licensee from fraud.

Accounting records

The licensee shall keep proper accounts and records which show a true and fair view of the financial position and state of affairs of the licensee and shall within 180 days from the end of its financial year file with the Authority an audited set of financial statements. Interim financial statements shall also be submitted to the Authority within thirty days from the end of the half yearly period.

Corporate Vehicle for Remote Gaming Operations

Apart from the beneficial tax rates for the gaming operation itself, utilising a Maltese registered corporate entity ensures a favorable tax position for the shareholders. Utilising the full imputation system with the refund mechanism available under the Malta’s taxation regime, shareholders of a Malta Licensed Gaming Company can obtain significant refunds of tax paid at company level. For more information click here