Most expensive casino license application
Malta is among the most popular destinations when it comes to casino licence applications even though it is among the most expensive when it comes to applying for casino licence out there. One of the main reasons for this is that the registration process is quite easy and you don’t just get the benefit of Malta’s rules for online gambling, but also get the benefit of being licenced by a full-time member of the European Union.
Today, every form of gaming in Malta is regulated by the LGA (Lottery & Gaming Authorities) under Remote Gaming Regulations 2004. It has some strict standards as far as gambling sites are concerned, so you won’t have to worry about visitors doubting your casino’s reputation either.
What’s more, Maltese authorities do not get involved in disputes between the casino and players. It does have a right to revoke licences but this is not a regular occurrence unless a casino really screws up. If a player sees that a casino has a licence from Malta, it pretty much means that the casino is safe to visit and play at. But, a licence on its own is not a guarantee of quality. That is something the casino owner, you, will have to take care of on your own.
There are four types of licences that are issued by Maltese authorities. They are the class 1, 2, 3, and 4 licences. Each licence has different benefits and while you can apply for all four while running an online casino, you will need at least one to get started. The tax rates on each casino vary and there is a limit of €466,000 in total fees and taxes for a single licence. So, if you are nearing that amount or plan to pass it, make sure you get multiple licences or you may end up getting screwed by the authorities.