Do you handle MGA licensing or compliance filings?

No. We do the accounting and prepare the financial information your compliance function or advisers ask for. Licensing, regulatory filings and compliance positions stay with them.

How are player balances handled in the books?

Kept distinct from operating cash in the ledgers from the start, so the split between player funds and company money is a matter of record at any date.

Can you reconcile several platforms and payment providers?

Yes. Takings reported by each platform and provider are matched against what actually arrived in the bank, with fees and timing differences identified rather than absorbed.

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Accurit sector expertise

Accounting for iGaming & Betting in Malta

Player-funds segregation, gaming tax and the reporting an MGA licence expects — alongside the ordinary books.

Discuss your sector How we work with you

The sector, plainly

Malta has been a base for online gaming for a long time, and the accounting reflects it. Balances held on behalf of players are not the operator’s money, revenue arrives from several platforms and payment providers on different cycles, and more financial detail is asked for than of a company of the same size in another sector. We do the accounting side of that work. Licensing, regulatory filings and compliance positions stay with your compliance function or your legal advisers.

The pressure points

Where iGaming & betting businesses struggle

Player balances are not company money
Funds held on behalf of players have to be distinguishable from the operator’s own cash in the records, not worked out afterwards.
Revenue arriving from many directions
Platforms, payment providers and affiliates each report differently, in different currencies, and on their own settlement cycles.
More reporting than the size suggests
Operators are asked for more financial detail, more often, than most businesses with a comparable headcount and turnover.

Our approach

How we work with the sector

Player funds tracked separately
Balances held for players kept distinct from operating cash in the ledgers, so the split is a matter of record at any date.
Platform reports reconciled to the bank
Takings from each platform and provider matched against what actually arrived, rather than accepted as reported.
Alongside your compliance advisers
We prepare the financial information your compliance function or advisers ask for, and leave the regulatory positions with them.

The outcome

Here’s what changes for iGaming & betting businesses.

A clear split between the two kinds of cash
Player balances and company funds distinguishable at any point, without an exercise to establish which is which.
Information ready when it is asked for
Financial detail available on request because it is maintained continuously, rather than assembled once a request arrives.
A real view of margin per channel
Revenue and costs matched by platform and by affiliate, so it is visible which channels earn their keep.

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COMMON QUESTIONS

iGaming & Betting questions

Do you handle MGA licensing or compliance filings?
No. We do the accounting and prepare the financial information your compliance function or advisers ask for. Licensing, regulatory filings and compliance positions stay with them.
How are player balances handled in the books?
Kept distinct from operating cash in the ledgers from the start, so the split between player funds and company money is a matter of record at any date.
Can you reconcile several platforms and payment providers?
Yes. Takings reported by each platform and provider are matched against what actually arrived in the bank, with fees and timing differences identified rather than absorbed.

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