License Name
Malaysian Sports Toto Licence
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Issuing Country/Region
Malaysia
Regulatory Body
Ministry of Finance Malaysia
Types of Regulated Games
Number forecast lottery games (e.g., 4D, Toto, jackpot-based draws)
Market Coverage
Local
Regulator's Reputation
Good
Legal Entity Requirements
Must be a registered Malaysian company (Sdn Bhd), subject to compliance with the Lottery Act 1952, Pool Betting Act 1967, and Companies Act 2016
Directors and Shareholders Requirements
Local directors required; foreign ownership is closely regulated
Anti-Money Laundering (AML) Requirements
AML and KYC policies required as part of license compliance
Reporting Requirements
Licensees must report to the Ministry of Finance; annual license renewal is mandatory
Audit Requirements
Annual audited financial statements required
License Scope Restrictions
Only for number forecast lottery operations; not applicable to sports betting or online gambling targeting Malaysians
Jurisdictional Tax Compliance
Licensees must comply with local tax and duty requirements, including gambling taxes
Player Data Storage Requirements
Subject to local data storage and compliance standards
License Application Transparency
The process is document-intensive and handled centrally by the Ministry of Finance; new licences are rarely issued
Regulatory Contact Point
Ministry of Finance Malaysia
License Cost
Substantial, including non-refundable application fees and annual licence fees depending on projected or actual turnover
Annual Fees
Annual fees required; figure varies based on business size and game operation
Application Processing Time
Typically 6–12 months depending on application complexity and due diligence
Required Documents
Business plan, incorporation documents, directors/shareholders IDs, AML/KYC policy, audited finances, criminal background checks
Business Plan Requirements
Detailed business plan mandatory
Internal Policy Requirements
AML, KYC, and responsible gaming policies required
Testing Requirements
For technical equipment and procedures; audits as needed
Physical Office Requirements
Registered local business premises required
Marketing Restrictions
Gambling advertising and promotional restrictions in compliance with national regulations and advertising standards
Responsible Gaming Measures
Responsible gaming policies and self-exclusion measures enforced; minimum player age is 21 and non-Muslim
Self-Exclusion System
Available, consistent with responsible gambling requirements
Age Verification Procedures
Minimum age 21; Muslims prohibited from participation
KYC Procedures
Comprehensive customer due diligence for gaming agents and outlets
Player Funds Protection
Noted in compliance context, as funds are handled under local banking rules
Permitted Games List
Only approved lottery and number forecast games regulated under the Pool Betting Act and Lottery Act
Betting Limits
Set by each approved game type and published rules
License Duration
Licenses typically valid for one year with annual renewal required
Penalties for Non-Compliance
Substantial fines and possible imprisonment for operators; criminal penalties imposed under relevant acts for violations
Official Address
Ministry of Finance Malaysia, Kompleks Kementerian Kewangan, No. 5 Persiaran Perdana, Presint 2, 62592 Wilayah Persekutuan Putrajaya, Malaysia
Work Hours
Monday–Friday, government working hours
Departments
Unit Kawalan Perjudian (Betting Control Unit), and other finance regulatory units
FAQ Question 1
What is Malaysian Sports Toto Licence?
FAQ Answer 1
It is a federal license issued by Malaysia's Ministry of Finance allowing STM Lottery Sdn Bhd to conduct number forecast lottery operations in Malaysia.
FAQ Question 2
Which jurisdiction issues Malaysian Sports Toto Licence?
FAQ Answer 2
The Government of Malaysia, through the Ministry of Finance, centrally issues Sports Toto lottery licenses.
FAQ Question 3
What is the cost of obtaining Malaysian Sports Toto Licence?
FAQ Answer 3
Costs include substantial application and annual license fees, determined by projected or actual turnover. Detailed figures are not released publicly.
FAQ Question 4
What are the main requirements for Malaysian Sports Toto Licence?
FAQ Answer 4
Applicants must register a business in Malaysia, submit a business plan, undergo AML/KYC and background checks, comply with technical and financial audits, and operate only approved games according to strict national rules.