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17 July, 2015
Managing Risk
Q - Could you give us a brief overview of Kyte and your key services?   We provide assurance and risk management services and cater to financial institutions and e-commerce, but around 90% of our clients are from the gaming industry. We identify areas of risk for companies, and I am quite proud of having been the first individual – while working with Deloitte – to be accredited by the Malta Gaming Authority (MGA) to carry out audits on their...  Read More
9 November, 2010
VAT and how it applies to Gaming operators
In this article, we shall be reviewing certain aspects of the VAT legislation currently in force in Malta, the impact these may have on operators working in the industry and the obligations of such operators in relation to VAT compliance.   Background VAT is regulated by the Value Added Tax Act (Chapter 406). There are three rates of VAT in Malta, the standard 18%, the reduced 5% and the 0%. Most of the goods and services provided fall under the...  Read More
16 July, 2010
Setting up a company in Malta
Setting up a company in Malta is relatively easy. The process involves the following: • Preparation of the Memorandum & Articles of Association for the Company (this is the Statute of the company); • Registering the Memorandum & Articles of Association with the Malta Financial Services Authority (MFSA);   The preparation of the Memorandum & Articles of Association requires some fundamental information and documentation:...  Read More
27 January, 2011
The Implications of handling Credit Card Data
Credit card fraud has always been a major cause for concern for the Card Brands (VISA, Mastercard, American Express, etc); with fraud figures running into billions per annum who can blame them!! Credit card details are stolen from credit card holders in all sorts of situations; at restaurants, hotels, retail outlets, etc. However, when a database full of credit card data is stolen, then it becomes a real issue as the numbers immediately run into thousands. With...  Read More
26 January, 2011
The challenges in obtaining a remote gaming license in Malta
Malta has fast become one of the most successful jurisdictions in the remote gaming industry. Being the first EU country to have specific regulations to govern the industry has led to numerous operators deciding to set up shop in Malta. In a way, Malta has also become a victim of its own success. The Lotteries and Gaming Authority (LGA) have been struggling to cope with the new license applications as well as servicing existing operators with matters such as approving...  Read More
9 November, 2009
You Got your license... Now what ?
Being granted a license might seem to many as the end of a long, complex and possibly expensive process. In terms of compliance however, this is just the beginning. Very few operators and indeed key officials, as custodians of the license, are aware of their obligations and responsibilities. All the systems, procedures and controls that were documented and submitted for approval during the license process were merely promises of an operation that existed solely on paper....  Read More
23 August, 2011
Same Game, new rules
eGaming Review talks to industry expert Alan Alden, Director of Contact Advisory Services Ltd about how operators can keep up to date with changing regulations and his view on how they will impact business.   eGaming Review (eGR): How has regulation for the egaming industry changed most significantly in the past 12 months?   Alan Alden (AA): In March 2011, Legal Notice 90 came into force which amended the Remote Gaming Regulation....  Read More
22 January, 2011
Anti-Money Laundering and Combating Funding of Terrorism
In a nutshell, it’s the process of turning dirty money, normally cash, into clean money so that the owners can live respectfully with no connection to the crimes.   Does AML/CFT relate to the remote gaming industry?   Maltese licensed operators are required to implement anti-money laundering procedures. This is stipulated in regulation 8 (g) of the Remote Gaming Regulations (LN176 of 2004)   Is there a real risk of...  Read More
21 August, 2011
VAT vs Gaming Operators
In this article, we shall be reviewing certain aspects of the VAT legislation currently in force in Malta, the impact these may have on operators working in the industry and the obligations of such operators in relation to VAT compliance.   Background VAT is regulated by the Value Added Tax Act (Chapter 406).  There are three rates of VAT in Malta, the standard 18%, the reduced 5% and the 0%. Most of the goods and services provided fall under the...  Read More
12 January, 2011
Remote casinos - risk based approach
Remote gambling over the internet began in the late 1990's. As the internet has become more sophisticated and increased its market penetration, the remote gambling industry has also diversified and expanded. Although the internet is, of course, available internationally, some countries have sought to criminalise the supply, use, or support, of gambling by remote means (including internet, telephone or other means of electronic communication) for players and/or...  Read More


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