Setting up a Gaming Business
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Having been involved in the iGaming industry since its inception in Malta, GVZH offers a “one-stop-shop” service to online gaming operators, assisting them with setting up or re-locating their gaming operation to Malta, from the submission of the required gaming licence applications with the Malta Gaming Authority (MGA) to the provision of on-going corporate, financing and regulatory advice. We service a wide spectrum of Malta-licensed online gaming operators, ranging from the larger, better-known players on the market to start-ups having innovative business propositions. GVZH has also been involved in most of the large mergers and acquisition transactions within the online gaming industry involving Malta-licensed entities over the past years.
Malta’s existing licensing regime covers the following categories of game types:
- Type 1: Games of chance played against the house, the outcome of which is determined by a random generator, and shall include casino type games, including roulette, blackjack, baccarat, poker played against the house, lotteries, secondary lotteries and virtual sports games.
- Type 2: Games of chance played against the house, the outcome of which is not generated randomly, but is determined by the result of an event or competition extraneous to a game of chance, and whereby the operator manages its own risk by managing the odds offered to the player.
- Type 3: Games of chance not played against the house and wherein the operator is not exposed to gaming risk but generates revenue by taking a commission or other charge based on the stakes or the prize, and shall include player vs. player (P2P) games such as poker, bingo, betting exchange and other commission based games.
- Type 4: Controlled Skill Games. Such games consist of skill games which require a stake to enable participation and / or offers the possibility of winning a prize of money or money’s worth, such as daily fantasy sports.
If you’d like to understand how Malta could serve as a base for your online gaming business, we’d be delighted to hear from you!