2004: New Regulations on Remote Gaming
The Malta Lotteries and Gaming
Authority
has now published new regulations covering
more Gaming Activities than under the previous laws. Activities such as
online casinos, casino-style games, betting exchanges and lotteries will
now be permitted.
This framework has the objective of
providing regulation which is strong and serious but not unnecessarily
bureaucratic, ensuring vigorous protection for users of on-line gaming and
dovetailing with Malta’s long-established and reputable financial services
sector.
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The highlights of the new
legislation are:
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The
proper operation on interactive games
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The
protection of players
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The
prevention of money laundering
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Exigencies
of public interest
The following types of licences are now available:
Four classes of licenses
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Class 1 – Online
Gaming License;
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Class
2 – Online betting office license or an online betting exchange office
license;
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Class
3 – License to promote and abet gaming from Malta;
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Class 4
– License
to host and manage online gaming operators, excluding the licensee
himself.
Over the past years Malta has
successfully established itself as a serious, well-regulated European
jurisdiction attracting on-line betting companies.
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SPONSORS |
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Malta law firm Chetcuti Cauchi Advocates
A leading
advisor to Online Gaming Startups and relocations providing
comprehensive legal and tax-saving advice, recruitment services,
local administrative and technical setup, banking and (e)payment-systems
as well as hosting and ICT support.
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