Share Capital Requirements for Maltese iGaming Companies

iGaming licences shall only be issued by the Maltese Lotteries and Gaming Authority (“LGA”)  if the licence holder is Maltese registered corporate entity. The most commonly used form is a Maltese limited liability company. Applicants, must at application stage, submit a business plan outlining the methodology (marketing methods, technologies used, games to be operated etc;). The LGA shall assess the viability of the project as well as the expertise and know-how of the applicant.

The LGA shall require that the licence holder retain a minimum share capital commensurate to the gaming risk of the operation. Therefore, different rules apply for each class licence. The LGA reserves the right to recommend such minimum share capital in proportion to the methodology set forth in the business plan, however as a rule of thumb, the LGA shall require the applicant to have the following minimum issued share capital requirements:

• Class 1: Games based on repetitive events e.g. Casino / Lotteries / Slots / Arcade Games / Bingo ; – EUR 100,000;
• Class 2: Gaming risk on markets based on singular events (betting) e.g. Sports Betting; – EUR 100,000;
• Class 3: P2P / multiplayer games and betting exchanges such as Poker rooms, Poker tournaments etc; – EUR 40,000;
• Class 4: Operators providing a host platform from which other licensees can operate – EUR 40,000

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