Malta: Gambling Business Legislation
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I’m glad to see you here! I was browsing space for a good place to get a gambling license and found a piece of interesting information regarding Malta gambling business legislation. I hope you will find these facts interesting and useful.
Ok, let us start:
Malta began licensing online gambling sites in 2000 under their Public Lotto Ordinance. Since then, the Lotteries and Gaming Authority (LGA) has developed its policies and procedures of remote gambling operations. In April of 2004, The Remote Gambling Regulations were revamped and now offer four classes of remote gambling licenses.
1. Class 1 is for operators providing online casino games, games of chance, and games that use a random number generator.
2. The Class 2 gaming license is for online sports and betting operators.
3. The Class 3 license is for advertisers and promotion companies that operate from Malta.
4. Class 4 licenses are for companies that host and manage remote gaming operations but are not themselves operators.
Each license type has a five-year duration. All licensees must pay an initial licensing fee of Lm 1,000. There are also recurring licensing fees. The gaming tax is 0.5% of turnover. Companies that are granted a Maltese license are not permitted to take bets from the island’s citizens. In March of 2005, the first Malta Remote Gaming Council (MRGC) was elected. The Council encompasses all remote gaming operators and service providers. The MRGC launched an online forum for the purpose of allowing all operators and service providers to discuss legal, technical, and administrative issues.
Please, check the attached Gambling Act.
Malta Gambling Business Legislation
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March 15th, 2007 at 20:16
[…] Malta: Gambling Business Legislation By Katsia Malta began licensing online gambling sites in 2000 under their Public Lotto Ordinance. Since then, the Lotteries and Gaming Authority (LGA) has developed its policies and procedures of remote gambling operations. In April of 2004, … Casino Blog - http://casinoblog.viaden.com Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages. […]
May 21st, 2007 at 12:40
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