Ok found the link about players funds on the lotteries and gaming authority of Malta.
Here is the link:
http://www.lga.org.mt/lga/content.aspx?id=247518
here is section 13 of the FAQ:
13) How are player funds protected?
Player funds are protected since:
a Client's account is set up by the licensee, which account is held with a credit institution approved by the Authority and is separate from the licensee's own funds;
the Client's account cannot be used to rectify/indemnify any of the licensee's financial problems since such account is distinct from the licensee;
the Authority may request the licensee to issue a bank guarantee in the Authority's favour in order to protect the players' funds;
the credit institution is to disclose any information requested by the Authority regarding players' accounts;
the licensee cannot deal with the amount of money in the player's account except in the circumstances established in the Regulations;
if a player's account is dormant for thirty (30) months, the licensee is to try to contact the player to refund the remaining balance and if not successful shall transfer the money to the Authority;
upon the player's request, his funds will be returned to the account from which they were originally withdrawn within five (5) working days or within a period of time which is reasonably necessary to verify certain details and activities of the player's account as established in the Regulations.