Gaming license Malta
Gaming and online internet trading companies in Malta operating in the country require a licence which falls into four different categories.
Suitable for casino type operators and online lotteries, a class 1 licence is for remote gaming where the operators are responsible for managing their own risk applicable to repetitive games. In certain cases, a combination of class 1 and class 4 are used; this is where class 1 operators run their games and potentially their software on top of the equipment of a class 4 licence holder.
Operators holding a class 2 licence can offer fixed odds betting; it’s suitable for companies that are responsible for managing their own risk based on a matchbook.
A class 3 licence is more extensive incorporating a range of different operators including poker networks, peer to peer games, betting exchanges and online lotteries. Operators in this category take a commission from the promotion of or the assistance with betting games. In some cases a class 3 operator combines with a class 4 operator, using their platform.
A class four category is specifically for software vendors who intend to provide hosting facilities or management on their own gaming platform.
Anyone wishing to hold any of the above licence classes must have at least part of their operations physically present in Malta. Licences are typically granted for a period of five years.
Gaming and online internet trading companies have become a very important part of the Maltese economy, and the legislation and structure means that it’s one which is expected to continue to grow.