Are you an Operator in the gaming industry?
In the dynamic landscape of the gaming industry, opportunities for expansion and reaching new markets are essential for the growth of any operator. Recognizing this need, the Malta Gaming Authority (MGA) has established a procedure through the 2018 Gaming Authorisation Regulation that offers a pathway for companies holding authorizations from other EU or EEA member states to extend their services to Maltese players and licensees. This is facilitated through what is termed as a “recognition notice,” a significant mechanism that bridges regulatory requirements across borders.
Understanding the Recognition Notice
A recognition notice is a certificate issued by the Authority. It recognizes authorizations from other EU/EEA states or states with similar safeguards as Malta. This recognition allows them to operate gaming services in Malta as if they had a Maltese authorization.
A recognition notice issued by the MGA acknowledges a license granted by a foreign jurisdiction, effectively extending the operational scope of the licensee to include Malta. Importantly, while the MGA recognizes the foreign license, it does not assume regulatory authority over the licensee. Instead, the rights and obligations conferred by the original jurisdiction remain intact.
Recognition notice certificates are valid for 1 year and require annual maintenance assessments. It is important to note that the MGA retains the right to revoke any issued recognition notice. Moreover, applicants for recognition notices are liable to pay administrative fees directly to the MGA as per the applicable fee schedule.
Empowering Operators
For operators holding licenses from other jurisdictions who seek to tap into the Maltese gaming market, the recognition notice provides a streamlined pathway. By obtaining this recognition, operators gain the ability to offer their services to Maltese players and operate within the country without the need for obtaining a separate MGA license. This not only facilitates market entry but also ensures compliance with Maltese regulatory standards.
Navigating the Process
Determining eligibility and navigating the process of obtaining a recognition notice can be a complex process. Understanding the framework and weighing the pros and cons is crucial for making informed decisions. Our dedicated team is here to assist operators in evaluating their eligibility and guiding them through the application process.
How We Can Assist?
Our team is committed to helping operators make informed decisions regarding their expansion into the Maltese gaming market. By providing comprehensive analysis and guidance, we ensure that operators understand the implications of obtaining a recognition notice versus applying for a full MGA license. Whether weighing feasibility or exploring regulatory requirements, our expertise is tailored to meet the specific needs of each operator.
Conclusion
The gaming recognition notice offered by the MGA serves as a strategic tool for operators seeking to extend their reach into the Maltese market. By streamlining regulatory processes and offering a pathway for expansion, this mechanism empowers operators to capitalize on new opportunities while ensuring compliance with regulatory standards. With our dedicated support, operators can navigate the complexities of the application process and make informed decisions that align with their business objectives. Contact our team today to embark on your journey towards gaming recognition in Malta.
