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Compliance Updates

New Gaming Licence Fees Regulations coming into force on 1 January 2018

Zoltan Tundik

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New Gaming Licence Fees Regulations in Malta starting from 2018
Reading Time: 2 minutes

The Government has revised the Gaming Licence Fees Regulations (“New Licence Fees Regulations”) contained in the White Paper to Future Proof Malta’s Gaming Legal Framework(“Whitepaper”), whereby the fees for Type 1* games have been substantially reduced. Furthermore, start-ups will be entitled to a 1-year exemption on compliance contributions. The New Licence Fees Regulations were published in the Government Gazette. They will come into force, at very short notice, on 1 January 2018 for remote gaming operators. Subject to parliamentary time being allocated as expected and parliamentary approval, it looks likely that the Gaming Act (including regulations made under it) will come into force on 1 July 2018.

The New Licence Fees Regulations include a transitory period, until 30 June 2018, during which existing licensees will continue to pay dues in accordance with the current legal framework (Remote Gaming Regulation S.L. 438.04) (“Transitory Period”).  New licensees will be subject to the requirements of the New Licence Fees Regulations even during the Transitory Period.  As of 1 July 2018, all licensees will have to comply with the New Licence Fees Regulations.

Following the end of the Transitory Period, dues paid by current licensees in between January-June 2018 will be reconciled with the provisions of the New Licence Fees Regulations (a ‘true-up’) as follows:

(I)           Licensees that have paid more than is required under the New Licence Fees Regulations will be able to set off such amounts against future dues incurred;

(II)          Licensees that have paid less than is required under the New Licence Fee Regulations will need to pay the difference accrued by reference month September 2018 meaning that the payment must arrive not later than 20 October 2018.

In addition, under the New Licence Fees Regulations, Class 4 licensees (B2B operators) will no longer be required to pay a monthly gaming tax for every operator they supply licensed in an EEA jurisdiction (other than Malta) or another jurisdiction approved by the Malta Gaming Authority. Class 4 licensees will receive a credit for the grand total of dues they incur in excess of the provisions of the New Licence Fees Regulations during the Transitory Period.

Please do not hesitate to contact WH Partners on gaming@whpartners.eu should you require any clarification, or should you wish to discuss how these changes will affect your business.

*Type 1 gaming services means:

  1. During the transitory period, gaming services provided in terms of a Class 1 remote gaming licence; and
  2. After the transitory period, the games defined as such in the First Schedule to the Gaming Authorisations Regulations. These shall include 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.

 

European Gaming Media and Events will include special reports and briefings about the outcome of the new regulation during education sessions of our conferences.

WH Partners experts are regularly sharing compliance update at the event we organize.

After starting out as an affiliate in 2009 and developing some recognized review portals, I have moved deeper into journalism and media. My experience has lead me to move into the B2B sector and write about compliance updates and report around the happenings of the online and land based gaming sector.

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Compliance Updates

UK may implement cut of FOBT maximum stakes earlier than announced

Niji Ng

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UK may implement cut of FOBT maximum stakes earlier than announced
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The British culture minister Jeremy Wright said the government is planning to prepone the implementation of the planned reduction of the maximum stake on fixed-odds betting terminals (FOBTs). Earlier, the date of implementation was October 2019. It could be proposed by six months to April 2019.

It is a real twist in the tale, following the resignation of sports minister Tracey Crouch, who blamed the government of delaying to October the planned the reduction of maximum stake from 100 pounds to just two pounds.

The government had been staring at a possible defeat on its budget legislation in parliament, as many legislators from the governing Conservatives backed an amendment which would have forced them to bring forward the timing of the cut.

Wright said the implementation of the proposed rise in Remote Gaming Duty, paid by online gaming operators, could also be preponed to April to cover the negative impact on the public finances.

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Compliance Updates

New gambling law in Switzerland will come into effect from 2019

Niji Ng

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New gambling law in Switzerland will come into effect from 2019
Image Source: fineartamerica.com
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The newly passed gambling legislation in Switzerland, the Swiss Gaming Act, will come into force in the country on 1 January 2019. The law will regulate the licensed online gambling space and ban foreign operators altogether.

The new law legalises licensed iGaming companies.

The gaming act’s enforcement was confirmed by Switzerland’s Federal Council, which confirmed its implementation starting next January. It also explained it will consider licence applications during the first six months of 2019, in compliance with the new legislation, and the first ones are set to be issued before July 1, when the foreigner’s ban comes into effect as well.

Licensed operators can provide poker and roulette games to the customers, but need to stick with stringent constraints about the stakes.

The “concrete measures” of the new legislation were aimed to protect problem gamblers.

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Compliance Updates

Bulgaria adds more websites to iGaming blacklist

Niji Ng

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Bulgaria adds more websites to iGaming blacklist
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The State Commission on Gambling (SCG) of Bulgaria has added four more websites to its blacklist of iGaming companies that are operating without a license.

The four websites added to the blacklist as per order no. 1913 of October 28 and no. 1991 of November 9 are nissicasino.com, 1xbet72.com, pokernox.com, 1xdcxc.host.

The SCG periodically updates the list of illegal gambling sites.

The State Commission on Gambling has been established for the purpose of inspecting the compliance with the law of the activity of the gambling games organisers, the producers of gabling game equipment, the distributors and service organisations for the maintenance and repair works of such equipment performed on the territory of Bulgaria.

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