The Malta Gaming Authority is to change its licence fees structure from the start of next year, with applicants classifying themselves as start-ups forced to show their corporate group has not generated any more than €10m in revenue in the previous 36 months.
The MGA’s amendments, which come into force as of January 1, 2020, are aimed at ensuring that undertakings classified as start-ups are truly such. In addition, the new rules are designed not to prejudice corporate groups that were in the business many years back and wish to benefit from such an incentive by starting up again.
For a licensee to be considered a start-up, it must cumulatively satisfy a list of criteria established by the regulations, including requirements relating to maximum amounts of revenue from the same or related sector.
