Before a license is expired, a compliance review is undertaken by the MGA after the first and third year and whenever it is deemed necessary. Failure to comply with the stipulated requirements may lead to the suspension of the license. In this regard, at least one Key Official, who is approved by the MGA, has to be appointed as the director of the company.
The responsibilities of the Key Official include, but are not limited to, the following:
- Assisting the MGA in investigations and the respective third party auditors;
- Ensuring transparency and fairness in the games being offered;
- Supervising operations;
- Ensuring full compliance.
iGaming License Malta advisors, having its services provided by Fairwinds Management Limited will assist you throughout the application process so that you can register for the license you require to start operating your iGaming and betting business online. We will firstly help you establish an optimal company structure so that you may operate an iGaming company profitably, whilst benefiting from fiscal and employment incentives which are currently being offered to iGaming operators in Malta. Our expertise allows you to leave all your iGaming requirements in our hands in order to allow time to focus on your core business.