Malta online gaming license

Gaming is a big deal in Malta. The gaming industry in Malta accounts for 11% of the country’s GDP, employs 6,150 people and contributed €700 million to the Maltese economy as at the end of 2015. Online gaming sector comprises a significant proportion of Malta’s gaming industry. There were 257 online gaming companies in Malta as at the end of June 2016.

Malta is one of the world’s largest and most respected online gaming jurisdictions and was the first European Union member state to regulate remote gaming. Malta’s success in online gaming is largely attributed to its excellent gaming regulation authority that has seen a gradual increase of online companies setting up shop in the country.

The Malta Gaming Authority (MGA) is the body responsible for the governance of gaming in Malta and has developed policies for online gaming that protects both the online companies and the players. Some of its duties include granting licences to online casinos and lottery operators, monitoring the licensees to ensure they continue to meet the regulations, collecting relevant taxes, continually researching all the different aspects of online gaming and much more.

Types of remote gaming licences

In order to set up an online gaming business in Malta, the operator is required to obtain a licence from the MGA. If successful, the licensee must eventually create a Malta company, with the core part of the online gaming physically located in Malta. The advantage of a Malta online licence is that it allows an online gaming company to operate across the 28-country European Union.

To get an Online Gaming Licence you can apply here http://csbgroup.com/malta-advisory/igaming-services-malta/online-gaming-licence-application/

Malta offers four classes of Remote Gambling Licences. Applicants may apply for either or all of them.

Class 1 – A remote gaming licence whereby operators manage their own risk on repetitive games. Examples of Class 1 licensees include online casino games, lotteries, slots, game of chance and games that use a random number generator.

Class 2 – A remote gaming licence whereby operators manage their own risk on events based games carried out on bets on singular events such as online sports betting, fixed-odds betting, pool betting and spread betting.

Class 3 – A licence granted to operators who are paid a commission for selling remote gaming services. These include operators who organize player to player games, betting exchanges, game portals; they do not partake in the risk but only get paid a commission on the gaming activity.

Class 4 – Licences for companies that host and manage remote gaming operations but are not themselves operators. These include software vendors who provide management and hosting facilities on their platforms.

An online gaming licence is valid for a 5 year period. A licensee is required to pay the following administrative and licence fees:

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Application Fee for new licence                                              €2,330

System Review                                                                        €2,500

Licence Fee                                                                             €8,500

Application Fee for Renewal of Licence                                  €1,500

Approval Fee for Transfer or Assignment of Licence              €1,500

Approval of Share Transfer                                                     €1,500

Approval of Simple Contractual Commercial Agreements      €70

Compliance Review                                                                 €3,500

All four of the remote gaming licences are liable for tax payments. Below is the tax schedule for each licence.

Class 1 Licence €4,600 Per month for the first 6 months
€7,000 Per month for the entire duration of the licence
Class 2 licence 0.5% Of the gross amount of bets accepted in remote betting operations
Class 3 Licence 5% Of real income
Class 4 Licence hosting and managing other remote gaming operators Nil

€2,330

€4,660

For the first 6 months

Per month for the subsequent 6 months

Per month thereafter for the entire duration of the licence

Remote Gaming Tax Capping per licensee per remote gaming licence €466,000 Per Annum

 

 

Website developers industry

Finding Talented Web Developers

The gaming industry is booming. More and more people are online and now playing video slots and video games. Gaming companies are expanding their operations across the globe. Let’s have a closer look at what has been happening. iGaming services firms are taking advantage of the boom and offering their services to these large gaming companies.

The #1 problem these gaming companies face today is the ablity to find talent and keep talent. The thing about talent is that the demand for employees exceeds the supply and that has become a common problem in the gaming industry in Malta.

Some big names in web design like excitableweb.com are riding the wave of money making by offering their serivces to these huge huge gaming companies.

Web developers salaries

Specialized front end and back end web developers are paid really well. And while organizations try to keep expenses at a minimum, this is virtually impossible.

4 Principles apply in great site design. Speed, conversion optimization, graphic design, and SEO optimized website design. This complemented with a great SEO strategy and impeccable social media marketing is a winner ALWAYS

Well, that is the life I suppose and general managers have to deal with it.

 

Conclusion

On the positive side, at least there is an increase in automation and what companies are spending more on staff specialisation, they are saving in automation.