Having successfully completed the systems audit (stage two of the e-gaming licensing process), the applicant for an e-gaming license shall be granted a fully-fledged e-gaming licence, subject to a few straight-forward conditions, namely the operation going live and the completion of a compliance audit.
Gaming Company - Go Live
The e-gaming licensee is granted a 60-day period from the date of issuance of the e-gaming licence within which it must go live. Therefore, at this stage preparatory work for enabling the e-gaming operation to be up and running and available to players is of essence. Chetcuti Cauchi’s team usually plays an important role in assisting the e-gaming company and its promoters to finalize all the required procedures and policies ensuring that the e-gaming company goes live within the stipulated time period – if not before. Our lawyers, accountants and collaborators shall be available to assist you throughout the entire process leading to the launching of the e-gaming operation from a legal, financial and technical perspective by providing advice and recommendations as well as general guidance throughout the whole course.
e-Gaming Compliance Audit
The second condition imposed on the e-gaming licensee is that of completing a compliance audit within a 12-month period from the date of issuance of the e-gaming licence. This audit, as opposed to the systems audit under stage two of the e-gaming licensing process, is of a more detailed nature and involves the actual physical inspection of the servers hosting the e-gaming system of the licensee by the Malta Lotteries and Gaming Authority.
This audit of the e-gaming company and its systems, which is carried out by third parties approved and appointed by the Malta Lotteries and Gaming Authority, must be initiated within 8 months from the date of issuance of the e-gaming licence. Liaison between the directors and personnel of the e-gaming licensee and our team and collaborators will prove to be highly fruitful at this stage in order to ensure that all technicalities, procedures and policies employed by the e-gaming operator are in line with the requirements of the Malta Lotteries and Gaming Authority, any conditions imposed through the e-gaming licence document and the proposed application previously submitted by the e-gaming licensee.
Our e-gaming lawyers in particular will assist you prior to going live as well as post-going live so as to ascertain compliance with the relevant legal requirements and criteria imposed by e-gaming laws in Malta and the policies of the Malta Lotteries and Gaming Authority.
Upon the e-gaming operator going live, a number of ongoing obligations arise. Our legal and accounting departments offer expert assistance and guidance to the Key Official and generally the e-gaming operator in this regard so as to ensure the fulfilment of same obligations within the stipulated deadlines.
Ongoing Gaming License Compliance
Following successful completion of the e-gaming license compliance audit, the e-gaming licensing process is indeed deemed to have come to a close. Having said this, Chetcuti Cauchi’s role as an advisor through its ongoing support and assistance remains a valuable asset throughout the entire duration of the e-gaming licence especially in regard to the maintenance of the license itself and adherence to the e-gaming laws in Malta and the policies of the Malta Lotteries and Gaming Authority.