MALTA BETTING LICENCES

Obtaining a Betting Licence

The conditions for licences are relatively stringent, in the interest of consumers and of the reputation of betting companies. Licensing depends on a number of factors concerning the personality of executives of the applicant company, the applicant’s financial position and background, and the applicant’s abilities and availability of appropriate resources.

Furthermore, applicants will have to draw up an audited control system with regard to its accounting, administration and electronic technology. Licensed companies may be inspected at any time to verify whether they abide with their licence.

An application for a betting licence requires the following accompanying documentation:

• a detailed profile of the promoting company.

• a copy of the last audited accounts of the promoting company.

• a business plan indicating the economic activity (including job creation) which will be carried out from Malta

• a plan of the premises earmarked for adoption as a call centre.

The operations of licensed companies are subject to the Laws and regulations of Malta.

See also:

2004 Betting Licenses Regulations out

Taxation of Online Bets  Basic Requirements

More British Bookmakers seek Maltese Gaming Licences

Also of interest:

Malta International Trading Companies  Holding Companies