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Advantages of applying for a Remote Gaming Licence in Malta or Curaçao

 

Remote Gaming in Malta 

  1. Malta was the first EU Member State to regulate remote gaming in April 2004. The Regulations are divided into four classes depending on which type of operation companies fall under and include licences for Business to Consumers (B2C) operators as well as Business to Business (B2B) operators.
  2. Malta permits industry operator's free movement of goods and services throughout the EU.
  3. Malta has a very attractive fiscal regime offering advantageous corporate and gaming tax rates.
  4. Gaming tax rates are enticing for start-ups and highly rewarding for established operators, considering the fact that the maximum amount of tax payable per annum is capped.
  5. Malta has attractive gaming licensing fees, gaming taxes and beneficial effective corporate tax rates on gaming operations.
  6. Malta is a well-regulated jurisdiction that safeguards the interests of both gaming operators and players.
  7. Malta has high anti-money laundering (AML) standards.
  8. Malta has a large presence of various established and well regulated financial services institutions, payment gateways, support services and office space.
  9. Malta has an extensive network of treaties and other legislation providing relief from double taxation.
  10. The possibility to advertise in the UK due to Malta being included in the UK’s White List.
  11. There is an availability of professionals and support services specialised in the Malta gaming industry.
  12. Malta has a state-of-the-art telecommunications infrastructure.

 

Considering a Curaçao​ Remote Gaming License?

Curaçao is taking significant steps to enhance its regulatory framework for the gambling industry and hold operators accountable to international standards. Starting from September 1, 2023, the government will issue direct licenses to gambling operators, expediting the regulatory reform process. This decision was recently announced by Javier Silvania. Minister of Finance, Curaçao.

 

The objective to overhaul the regulatory regime and eliminate the current master and sub-licensing system was initially announced last summer. 

 

Silvania acknowledged the need for stronger practices within gambling operations, particularly regarding anti-money laundering measures, fraud prevention, and player protection.

 

To address these concerns, the Finance Minister has instructed the Gaming Control Board (GCB), the current regulator, to implement and enforce new standards. The GCB will begin issuing new licenses to operators under the existing legislation, with a plan to transition them to the new regulatory framework once it is enacted.

 

To facilitate a smooth transition for existing operators who are willing to adopt the new regime, the government will ensure uninterrupted business operations. The GCB is developing a dedicated portal for operators to register, streamlining the process of obtaining a direct license.

 

Curaçao intends to identify the owners of businesses operating within its borders through thorough due diligence. Transparency regarding the source of funds entering the country is required, and operators must adhere to legislation aligned with reputable jurisdictions and meet minimum international standards for anti-money laundering.

 

Furthermore, Curaçao will demand robust player protection and data security. Silvania highlighted the importance of regulatory cooperation with other authorities worldwide to ensure fairness for operators and suppliers while safeguarding player interests and preserving the integrity of the gaming industry as a whole.

 

At AACASINO LTD, we understand the importance of complying with the new regulatory framework in Curaçao's gambling industry. Working with our experienced partners we are well-equipped to assist operators in preparing for the upcoming changes and navigating the transition to the new system. Whether you want to migrate your existing operations or file for a new application, we invite you to contact us. Our team will promptly review your submission and get back to you with tailored guidance and support to ensure a seamless and successful transition under the new regulations.

 

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