Sports Betting Companies In Malta
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The success of the iGaming industry in Malta has been the result of regulation rather than the restriction of the core business in this area. With the increased implementation of regulations and further legislative pressure, the need for sound operations and business processes are on the rise. At E&S Group, we guide and support our clients, whether start-ups or established operators, throughout the licensing process of any of the licences issued by the Malta Gaming Authority (MGA). In addition to licences in Malta, we can also assist in the attainment of licences in the UK, Estonia, and Sweden.
All operators of remote gaming in or from Malta must possess a valid license. This must be of the relevant class as set out in the First Schedule of the Remote Gaming Regulations. Applicants must satisfy relevant criteria to obtain a gaming license in Malta. Amongst other things they must be:
- A Registered limited liability company in Malta,
- They must satisfy the “fit and proper persons” test. This test involves rigorous due diligence checks on all persons (individual or corporate) who have a significant stake in the enterprise.
- Demonstrate business, financial and technical ability to carry out the operation, and
- Demonstrate its solvency to ensure the safety of player winnings and deposit returns.
- Class One – operators managing their own risk on repetitive games (casino-type games, skill games and online lotteries)
- Class Two – operators managing their own risk on events based on a matchbook (fixed odds betting, pool betting and spread betting)
- Class Three – operators promoting and abet gaming from Malta & taking a commission from promoting and/or abetting games (P2P, poker networks, betting exchange and game portals)
- Class Four – operators hosting and managing online remote gaming operators, excluding the licensee himself (software vendors developing platforms from which gaming operators can operate).
As any Malta Company, a Remote Gaming Company is obliged to pay Corporate Tax on its Net Profits to the Maltese Government. Additionally, anybody providing any Gaming Service comprising of a qualifying activity, irrelevant of the means of the provision of service, shall pay to the MGA a gaming tax. This is computed at the rate of 5% of the gaming revenue generated from the said gaming services during the relevant tax period.
Gaming tax in Malta varies depending on the type of license held, as follows:
Class One: €4,600 per month for the first six months; after that a monthly flat-rate tax of €7000;
Class Two: fixed odd betting: 0.5% on the gross amount of stakes accepted; on betting exchanges (where the exchange is involved in the risk): 0.5% on the sum of all net winnings calculated per player per betting market; pool betting: 0.5% on the aggregate of stakes paid;
Class Three: 5% on net income. The net income is revenue from rake less bonus, commissions and payment processing fees (e-commerce fees);
Class One on class Four: the gaming tax payable by the casino operator is €1,200 per month. The gaming tax payable by the host platform is zero TAX for the first six months of operation, €2,300 per month for the subsequent six months and €4,600 per month after that for the duration of the licence
Compliance – Important Dates:
- 20th of each month – Deadline of submission of MGA return report of the previous month including payment of gaming revenue tax
- 180 days from financial year end – Submission of audited financial statements to MGA. If Financial year end is 31 December the deadline is 28 June.
- Vat Deadline submission – 22nd of the following month following the end of the vat period.
- Moss submission deadlines and relative payment
20th January – Submission for the period October – December
20th April – Submission for the period January – March
20th July – Submission for the period April – June
20th October – Submission for the period July – September
There is a tax capping mechanism which limits the gaming tax payable annually by any one licensee to a maximum of €466,000.In the case of class one under class four situation, the tax cap of €466,000 is applicable to the total tax payable by ALL licensees.
What distinguishes the Maltese license process from that of some other ‘less rigorous’ jurisdictions is the serious application process which is applied.
Prior to the attainment of certification, the Lotteries & Gaming Authority (LGA) applies a 3-stage process in order to audit the business operation, the key personnel and the control & gaming systems.
Step 1 – Fit & Proper Test and Gaming Business Adequacy
Step 2 – Business and Technical Ability Assessment for gaming
The content on this website is for information purposes only and should not be taken as tax, legal or any other professional advice.
Contact our CBDO on LinkedIn Deborah Vella or email us on [email protected]for more information as well as for a quote. We will happily guide you through the gaming License application process and also advise you on the solutions that would best suite your needs!
| Type | Joint Stock Corporation |
|---|---|
| Industry | Online Gaming and Online Sportsbook |
| Founded | 1999 in Wels (Austria), AG (2004) |
| Founder | Jochen Dickinger and Franz Ömer |
| Headquarters | Düsseldorf (Germany) |
| Products | Sportsbook, Casino, Live-Casino, Games, Virtual, Poker[1] |
| Revenue | €143,3 million (as of December 2019)[2] |
| 288 (as of June 2020) | |
| Website | www.bet-at-home.com |
bet-at-home.com AG is a European online gambling and sports betting company that was founded in 1999.
Their product range includes sportsbook, casino, live-casino, vegas,[3] virtual[4] and poker.
Corporate history[edit]
bet-at-home.com was founded in December 1999, in WelsUpper Austria, by Jochen Dickinger and Franz Ömer. In March 2000 www.bet-at-home.com went online. Initially the business focused its activities solely on online sports betting. Two months after the website was launched, the Livescore service, www.livescore.cc, was launched and this led to the relaunch of the bet-at-home.com website in 2002. With the start of the new online casino in November 2005, the website was again redesigned. In the following year (2006), bet-at-home.com launched its poker platform. In 2008, the product range broadened with the Relaunch of a new online casino. A short while later, in June 2009, bet-at-home.com launched their new product line Games. Since September of the same year, live betting has been offered on various sporting events. Founded in 1999 as a limited company, in May 2004 the capital investments increased and bet-at-home.com transformed into a joint stock corporation. In December of the same year, the corporation was listed on the stock exchange.[5]
Further capital increases in subsequent years followed. Between 2006 and 2009 the corporation held a 60-percent share of Racebets GmbH. bet-at-home.com AG is a part of the 'BetClic Everest SAS Group', which is one of the leading French companies in the industry of online gaming and sports betting and that acquired the majority vote in April 2009.[6]bet-at-home.com AG’s shares are listed on the Stock Exchange in Frankfurt, Xetra.[7][8] In 2012 there was a change from the Open Market to the Entry Standard of the Frankfurt Stock Exchange.[9][10]
On 31 October 2012 co-founder Jochen Dickinger gave up his position as CEO and was succeeded by Michael Quatember.[11] In August 2013 the new website went online; the second relaunch in the company’s history on the offers at www.bet-at-home.com.[12] In December 2013 a mobile version of the site was launched.[13] In 2015 the company extended its product range by Virtual.[4] The company was approved for the Regulated Market on the Frankfurt Stock Exchange in August 2016. Admission to the 'Prime Standard' segment was granted.[14] On 3 February 2017, the shares were admitted to the SDAX.[15]
In February 2017, casino games were added to the poker software. In November 2017, the product group 'Games' was replaced by 'Vegas' and the casino app was introduced.[16] In June 2018, the Sports app was introduced.[17]
Corporate structure[edit]
bet-at-home.com AG is based in Düsseldorf and acts as the holding and is responsible for the listing of bet-at-home.com’sshares. The company holds 100% of bet-at-home.com Entertainment GmbH. The company’s Linz office is primarily responsible for the ongoing technology transfer within the company and the internally developed software. The activities in Malta are operated under bet-at-home.com Holding Ltd and its 100% owned subsidiaries hold the Maltese gaming licenses for casino, poker and sports betting, that have been issued by the Malta Gaming Authority (MGA).[18][19][20]
Product history[edit]
Sportsbook[edit]
Sportsbook is bet-at-home’s core business. In 2000, the company launched its first sportsbook offer on www.bet-at-home.com. In the fiscal year 2019 (as of December 2019), the betting offer included more than 473,000 events for more than 80 different sports and 110,000 live events. bet-at-home was an early mover in their launch of e-Sports as a new sports betting category.
In 2019, the gross profit of bet-at-home.com’s sportsbook amounted to €59 million.[citation needed]
Casino[edit]
bet-at-home.com via one of its subsidiaries has a Maltese gaming license, that acquires them the right to operate an online casino. After the launch of their sportsbook product range, the second main product, the bet-at-home.com casino was launched in 2005.
Poker[edit]
Online poker is a multiplayer game where poker players play live against each other at virtual poker tables. Due to one of its subsidiaries bet-at-home.com AG is also a part of an online poker network.
Virtual[edit]
In April 2015, virtual bets were added to the offer. This product is about the virtual simulation of different sports. Currently (as of December 2019), it is possible to place bets on football, tennis, dog racing, basketball and horse racing.[21]
In 2019, the gross profit of bet-at-home.com’s online gaming (casino, poker, games, virtual) amounted to €84.3 million.[22][23]
Notes[edit]
Sports Betting Companies In Malta Ny
Sports Betting Companies In Malta Italy
- ^'Products - bet-at-home.com', retrieved 2013-03-30.
- ^ bet-at-home.com AG: group company figures for 2019 (01.01.2019 until 31.12.2019)! 2020, page 1. [1]
- ^'Vegas' (in German). Retrieved 22 March 2018.
- ^ ab'Virtual Football League', retrieved 2015-04-01.
- ^'bet-at-home.com plant Börsengang in Wien', retrieved 2019-04-05.
- ^'Key developments in the history of bet-at-home.com', retrieved 2015-03-30.
- ^bet-at-home.com. bet-at-home.com AG: Further focus on Frankfurt – Pullback from Vienna Stock Exchange. 2014, page 1. [2]
- ^'bet-at-home zieht sich von Wiener Börse zurück', retrieved 2014-06-11.
- ^'bet-at-home.com AG shares', retrieved 2017-07-31.
- ^'Wechsel in den Entry Standard der Börse Frankfurt' retrieved 2012-12-11.
- ^bet-at-home.com. bet-at-home.com AG: Change on the Board of Directors at bet-at-home.com. 2012, page 1.[3]
- ^'Relaunch 2013', retrieved 2013-08-12.
- ^'bet-at-home.com Mobile: Ab sofort auf Smartphone und Tablet', retrieved 2015-09-15.
- ^bet-at-home.com. bet-at-home.com AG: bet-at-home.com AG received admission to the Regulated Market of the Frankfurt Stock Exchange (‘Prime Standard’). 2016, page 1. [4]
- ^bet-at-home.com. bet-at-home.com AG: bet-at-home.com AG to be includedin SDAX index of Deutsche Börse. 2017, page 1. [5]
- ^'bet-at-home Casino App' (in German). Retrieved 22 March 2018.
- ^ bet-at-home.com. Weltmeisterliches Wettangebot. 2018, page 1.
- ^'The Gaming Regulator rebranded as Malta Gaming Authority'Archived 14 April 2015 at the Wayback Machine, retrieved 2014-01-14.
- ^Holger, Steffen. Performaxx Research GmbH. Research-Studie bet-at-home.com AG. 2011, page 1-13. [6]
- ^Leonhard, Bayer. P Hauck & Aufhäuser Institutional Research AG. 2014, page 1.
- ^'Bet-at-home launches Betradar’s Virtual Football', retrieved 2016-03-01.
- ^bet-at-home.com. Company presentation. 2020, page 3
- ^'Products - bet-at-home.com', retrieved 2012-04-04.