{"id":473,"date":"2023-10-19T12:26:10","date_gmt":"2023-10-19T12:26:10","guid":{"rendered":"https:\/\/companyincorporationmalta.com\/?p=473"},"modified":"2023-10-19T12:26:12","modified_gmt":"2023-10-19T12:26:12","slug":"create-a-lottery-in-malta","status":"publish","type":"post","link":"https:\/\/companyincorporationmalta.com\/create-a-lottery-in-malta\/","title":{"rendered":"Create a Lottery in Malta"},"content":{"rendered":"\n<p>The\u00a0<strong>Maltese National Lottery<\/strong>\u00a0was first established in 1934 and ever since it has undergone significant changes. In 2001, the\u00a0<strong>Lotteries and Other Games Act<\/strong>\u00a0was enabled and with it the\u00a0<strong>Lotteries and Gaming Authority<\/strong>\u00a0too.\u00a0<strong>The Lotteries and Gaming Authority in Malta (LGA)<\/strong>\u00a0is the main regulatory body of all\u00a0<strong><a href=\"https:\/\/www.companyincorporationmalta.com\/gaming-in-malta\">gambling games<\/a><\/strong>\u00a0and it is also in charge with\u00a0<strong>licensing all gambling facilities.<\/strong><\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #002e5b;color:#002e5b\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #002e5b;color:#002e5b\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/companyincorporationmalta.com\/create-a-lottery-in-malta\/#how-to-obtain-a-lottery-license-in-malta\" title=\"How to obtain a lottery license in Malta\">How to obtain a lottery license in Malta<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/companyincorporationmalta.com\/create-a-lottery-in-malta\/#what-does-the-maltese-lottery-license-contain\" title=\"What does the Maltese lottery license contain?\">What does the Maltese lottery license contain?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/companyincorporationmalta.com\/create-a-lottery-in-malta\/#the-registration-process-of-a-maltese-lottery\" title=\"The registration process of a Maltese lottery\">The registration process of a Maltese lottery<\/a><\/li><\/ul><\/nav><\/div>\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"how-to-obtain-a-lottery-license-in-malta\"><\/span><strong>How to obtain a lottery license in Malta<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The&nbsp;<strong>National Lottery in Malta<\/strong>&nbsp;is conducted by the&nbsp;<strong>Minister of the Lotteries and Gaming Authority<\/strong>&nbsp;and it is the only entity able to issue a&nbsp;<strong>lottery license<\/strong>.&nbsp; Investors who want to&nbsp;<strong><a href=\"https:\/\/www.companyincorporationmalta.com\/register-company-malta\">open a company in Malta<\/a><\/strong>&nbsp;must firstly check with the&nbsp;<strong>LGA<\/strong>&nbsp;if they want to&nbsp;<strong>operate as a lottery<\/strong>. It is also important to know that the&nbsp;<strong>Minister of the LGA<\/strong>&nbsp;will decide the validity of a&nbsp;<strong>lottery license<\/strong>&nbsp;and the terms it may be revoked under. The conditions a&nbsp;<strong><a href=\"https:\/\/www.companyincorporationmalta.com\/types-of-companies-malta\">Maltese company<\/a><\/strong>&nbsp;must fulfill in order to&nbsp;<strong>obtain a lottery license<\/strong>&nbsp;are:<\/p>\n\n\n\n<p>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; the shareholders of the company must make sure the<strong>&nbsp;lottery<\/strong>&nbsp;is properly conducted,<\/p>\n\n\n\n<p>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; the directors of the company must exercise their duties in a way that does not affect the&nbsp;<strong>lottery\u2019s operations<\/strong>,<\/p>\n\n\n\n<p>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; all persons involved in managing the company must be qualified to do so,<\/p>\n\n\n\n<p>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; the company must be able to prove to the&nbsp;<strong>LGA&nbsp;<\/strong>that it is technically and financially able to conduct a&nbsp;<strong>lottery<\/strong>&nbsp;according to the&nbsp;<strong>Maltese Lotteries and Other Games Act<\/strong>&nbsp;,<\/p>\n\n\n\n<p>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; the company must provide a bank guarantee upon obtaining the&nbsp;<strong><a href=\"https:\/\/www.companyincorporationmalta.com\/maltese-internet-sports-betting-licenses\">lottery license<\/a><\/strong>,<\/p>\n\n\n\n<p>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; the company must respect all the terms and conditions stated in the license according to the Act.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"what-does-the-maltese-lottery-license-contain\"><\/span><strong>What does the Maltese lottery license contain?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Investors wanting to&nbsp;<strong>set up a lottery in Malta<\/strong>&nbsp;must know that the&nbsp;<strong>National Lottery license<\/strong>&nbsp;will be drafted in a manner the&nbsp;<strong>LGA<\/strong>&nbsp;will approve and must contain the following data:<\/p>\n\n\n\n<p>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; the date when it was issued,<\/p>\n\n\n\n<p>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; its validity,<\/p>\n\n\n\n<p>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; the name of the company that obtained the&nbsp;<strong>lottery license<\/strong>, its registered office and the license\u2019s registration number,<\/p>\n\n\n\n<p>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; the address in&nbsp;<strong>Malta<\/strong>&nbsp;where the&nbsp;<strong>lottery<\/strong>&nbsp;will function,<\/p>\n\n\n\n<p>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; the names of the shareholders, directors and managers who received the license,<\/p>\n\n\n\n<p>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; the types of games that can be operated according to the license,<\/p>\n\n\n\n<p>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; if any games devices will be used when operating the&nbsp;<strong>lottery<\/strong>,<\/p>\n\n\n\n<p>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; all the locations of the company and their timetable,<\/p>\n\n\n\n<p>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; any other provisions the Authority considers worth mentioning.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"the-registration-process-of-a-maltese-lottery\"><\/span><strong>The registration process of a Maltese lottery<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The&nbsp;<strong>registration process of a lottery<\/strong>&nbsp;or any other&nbsp;<strong><a href=\"https:\/\/www.companyincorporationmalta.com\/online-gambling-malta\">gambling venue<\/a><\/strong>&nbsp;<strong>in Malta<\/strong>&nbsp;requires two stages: the&nbsp;<strong>license application<\/strong>&nbsp;and the&nbsp;<strong>LGA audit and inspection<\/strong>. During the first stage, the investor wanting to&nbsp;<strong>register a company in Malta<\/strong>&nbsp;must provide a solid business plan, comply with the technical and financial requirements and obtain a compliance certification.<\/p>\n\n\n\n<p>After the first stage of the registration procedure, the&nbsp;<strong>LGA&nbsp;<\/strong>must conduct proper a due diligence process when it will investigate the shareholders, their business plan and the financial status of the company. It is also important to know that there are other requirements for&nbsp;<strong>establishing a lottery,<\/strong>&nbsp;such as the headquarters of the company must be in Malta and the shareholders must have a Maltese residency.<\/p>\n\n\n\n<p>For details about the&nbsp;<strong>registration of a lottery<\/strong>, you can&nbsp;<strong><a href=\"https:\/\/www.companyincorporationmalta.com\/contact-us\">contact<\/a><\/strong>&nbsp;our&nbsp;<strong>Maltese company formation agents.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The\u00a0Maltese National Lottery\u00a0was first established in 1934 and ever since it has undergone significant changes. In 2001, the\u00a0Lotteries and Other Games Act\u00a0was enabled and with it the\u00a0Lotteries and Gaming Authority\u00a0too.\u00a0The Lotteries and Gaming Authority in Malta (LGA)\u00a0is the main regulatory body of all\u00a0gambling games\u00a0and it is also in charge with\u00a0licensing all gambling facilities. How to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":95,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[113,110,112,114,111],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Create a Lottery in Malta<\/title>\n<meta name=\"description\" content=\"The article provides information about Maltese lotteries. You can contact our Maltese agents in company formation for details about the creation of a lottery.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/companyincorporationmalta.com\/create-a-lottery-in-malta\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Create a Lottery in Malta\" \/>\n<meta property=\"og:description\" content=\"The article provides information about Maltese lotteries. 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