Mazars in iGaming
Some of the biggest challenges to the gaming industry relate to the regulatory landscape, which at times presents conflicts between jurisdictions. Regulatory obligations mean that gaming companies need to provide consistent and transparent information, while focusing on improving their financial performance and strengthening internal controls. Another area where gaming companies need to be on the ball is that of maintaining talent. Furthermore, startups in this sector face particular financing issues, and the only way in which these can survive is by focusing on innovation and differentiation vis-à-vis their competitors. On the other hand, optimising organisation flows and processes remains an ongoing objective for all players in the sector.
Mazars in Malta provides global expertise and customised support for all types of gaming companies. Ramon Cutajar, Advisory Director and iGaming Sector Leader at Mazars in Malta explains that the firm “provides a specialised service to iGaming companies in Malta that extends beyond the traditional audit, accounting, payroll and taxation advice. Our team in Malta, part of an international network of 44,000 Mazars professionals operating in more than 90 countries, has significant industry experience within the gaming sector, having conducted several audits and provided tax, VAT and structuring services for a number of iGaming clients.”
He adds that Mazars in Malta have been approved as MGA compliance and systems auditors since 2011. “Our partnership approach with our clients is based on fluid, transparent, honest and timely communication. The quality and range of specialisations that we can apply to the audit also appeals to our client portfolio. Our reputation is the result of outstanding track record, work ethic and technical knowledge.”
Mazars iGaming Services
Mazars in Malta provides an anti-money laundering (AML) service which covers the development of AML frameworks as well as independent and objective testing, reviews,
and assessments. The service also includes completion of Risk Evaluation Questionnaires and bespoke assistance with customer due diligence files. Moreover, the firm delivers tailor-made training programmes for its clients.
Mazars also provides iGaming regulatory compliance services, including player liability reporting and gaming tax computation, the preparation of business risk assessments, formulating policies and procedures, MLRO mentoring and support, as well as the implementation of Internal Responsible Gaming processes reviews. These are supplemented by forensic investigation services, such as assistance in disputes, investigations into allegations of fraud, corruption, money laundering or other illegal activities, as well as proactive fraud reviews to highlight possible areas of fraud within the organisation. Mazars also places great importance on cybersecurity issues, providing risk and vulnerability assessments and penetration tests, backed by recommendations to mitigate any related risks.
Apart from specialist iGaming services, Mazars in Malta offers a comprehensive range of accounting and payroll services, as well as statutory, contractual and compliance audits, amongst others. As a client of Mazars in Malta, you will also be able to benefit from the firm’s in-depth advisory expertise in corporate and international taxation, including VAT optimisation structuring, registration under Mini-One-Stop-Shop (MOSS), as well as advice on transfer pricing, expatriate tax, and corporate structures. The firm can also act as your tax and VAT representative. Mazars is also set up to provide clients with expert licensing support, together with a risk consulting portfolio which covers internal audit, process re-engineering and external quality assessments services.
THE 300 SPARTANS:
After triumphing in key locations across Asia and Europe, AGS is flying 300 top affiliates to Malta, for an all inclusive deluxe trip. The event will happen alongside SiGMA, 14-18th November, during SiGMA Europe.
Read more about the 300 Spartans here.