Malta Remote Gaming – Legislation Updates on Malta Remote Gaming Licence

Legal Notice 90 of 2011, enacted on the 11 March 2011, has brought about changes to the Remote Gaming Regulations (L.N. 176 of 2004).  The most salient features may be summarised as follows:-

* Licence holders in possession of a gaming licence issued by a government authority of any EEA company or approved jurisdiction, wishing to run the business of remote gaming in and from Malta, shall upon the service of adequate notice to the Maltese Lotteries and Gaming Authority, be dispensed from the need to apply for Malta remote gaming licence issued by the aforesaid Authority;

* The licence fee has been increased from EUR 7,000 to EUR 8,500 per licence, per annum;

* The cost of renewing the remote gaming licence has also been increased from EUR 1,165 to EUR 1,500 per licence, per annum;

* The processing of transferring a qualifying shareholding in a Maltese licensed entity (5% or more of participating and/or voting rights) is subject to a fee of EUR 1,500 to cover the expenses for a due diligence check on the proposed transferee.

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