Sector field report
Accounting for iGaming & Betting in Malta
Player-funds segregation, gaming tax and the reporting an MGA licence expects — alongside the ordinary books.
The sector in focus
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.
Sector signals
The details that change the accounting
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.
Accounting routes
Services shaped around this sector
Working model
How the work is organised
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
What becomes clearer
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.
Across the practice
Related sectors
Ready to talk?
Let’s discuss iGaming & betting for your business
Book a free consultation with our team, or send us a message and we will get back to you.