The Malta Gaming Authority published Directive 3 of 2020
Malta Gaming Authority
An important issue that Malta Gaming Authority shared on the 17th of July 2020. The Malta Gaming Authority published the Directive 3 of 2020. The article refers to the directive on the key function of the Prevention of Money laundering and the Financing of Terrorism.
Moreover, at the
6 Parts of the Directive 3, Malta Gaming Authority developed the following topics:
- Short Title and Definitions
- B2C Licensees
- B2C Licence Applicants
- Enforcement Action
Malta Gaming Licence
The Malta Gaming Authority is the gaming control board of Malta. It regulates most forms of gambling in its territory, including both land-based and online gambling services including B2C and B2B services.
Malta was the first Member State of the European Union to regulate online gaming. Undisputed the largest online gaming jurisdiction and the most popular location for operators that seek to license for their online gaming business.
The New Malta Gaming licensing framework is provided in two main types of licenses in accordance with the game type ( B2C and B2B).
A simplified licensing process aims to encourage further growth to the sector.
If someone wants to acquire Licence Application Forms, they must complete a Personal Declaration Form. Also that form must be signed by the UBOs and directors.
Other forms that need to be compiled and submitted as part of the application are:
- The Entity Declaration Application Form
- The Gaming and Control Systems Information Form
- System Documentation Checklist
Type of Licences
Business to Consumer (B2C) Services:
Four Licence Types in B2C:
- Casino games, lotteries with a guaranteed prize
- Sportsbooks, e-sports
- Poker, pool betting, lotteries, bingo, lotto, peer to peer games
- Skills Games
Business-to-Business (B2B) services
- 1, 2, and 3 – Gaming Supply Licence (Intended for platform providers).
- 4 – Gaming Supply Licence (Intended for Skill Games, Fantasy sports Platform Providers).
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