Malta Gaming Authority is one of the European supervisory authorities that licenses online casinos, among other things. There are many laws and regulations regarding the operation of MGA online casinos or the provision of casino software and there are different licenses for different products.
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Most Recommended MGA Online Casinos
Casinos licensed by the MGA are listed here. Every casino has a review with detailed information about payments, bonuses and conditions.
Carl Brincat has been appointed as the CEO of the Malta Gaming Authority (MGA) after a public call, the Economy Ministry announced on Tuesday. In a statement, Minister for the Economy. The Malta Gaming Authority (MGA) has downloadable documents that are associated with the gaming sector in Malta. The list includes; Application Forms, Guidance Notes, Public Notices, Regulatory Policies, Fact Sheets and Links.
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Malta Gambling Authority Definition
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Not every company can get a license from Malta, there are regulations and requirements that must be met before a license is granted. Operators who do not comply with regulations or do not offer their players a safe gaming environment, including the payment of legitimate winnings, will have their licenses revoked.
Malta Gaming Authority: All the details about the authority
Safe online gambling is not possible without a regulated framework. Each player should only play with one provider if it has an official license from a regulatory authority. This is the only way to ensure that everything is going well when playing and that the players can actually rely on possible winnings. One of the best-known and most respected regulators of all is the Malta Gaming Authority, also known as MGA for short. In the following, we have taken a very close look at the authority and its work and list the ways in which the players are helped.
The MGA was originally founded as the Lotteries and Gaming Authority (LGA) in 2001. It regulates land-based casinos, sports betting, fantasy sports, lottery games and online gambling for B2B (business-to-business) and B2C (business-to-customer) services.
How reputable is the Malta Gaming Authority?
The MGA is arguably one of the most famous and respected regulatory authorities in the world. Countless online casinos are based in Malta so that they can be licensed and regulated by the MGA. Therefore, players can play with confidence when they discover a casino with a license from the MGA and want to try it out.
The four different licenses of the MGA
MGA offers its customers four different concessions, depending on the field of activity. In detail these are:
- Remote Gaming License
- Remote Betting License
- Promote gaming
- Host and Manage Operators
The Class 1 license is available for providers of casino games and lotteries, the Class 2 license for providers of sports betting, the Class 3 license for affiliates and the Class 4 license is aimed at hosters of online gaming providers. Of course, a provider can also have multiple licenses if it offers different branches of gambling.
Requirements for the applicant’s share capital
Each applicant must be able to provide evidence of the required minimum share capital for the license categories mentioned above at the MGA in accordance with the desired license. As a rule, the share capital must have been deposited in full and in cash in the licensee’s account:
What criteria are the licenses based on?
The activities of the MGA lead to some advantages for the players. So the protection of the players is very important.
This applies to potential gambling addiction as well as to protection against criminal activities, for example before selling or hacking personal data such as credit card information.
Another criterion for granting a license to a provider is the fact that the player’s credit is kept separate from the casino’s assets. This protects the money from attacks by criminals and the credit can be refunded in the event of the online casino’s bankruptcy.
One of the most important things in online gambling is the use of a random number generator. It is present in every game and ensures that all events are purely random. If a casino tries to manipulate the random number generator and the MGA finds out, the casino loses its license.
Advantages and disadvantages of the Malta casinos with a valid MGA license
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At this point in our overview of the MGA license you should already have a good overview of the history and legal regulations of the Maltese gaming license. Overall, it can be stated that the online casinos and sports betting providers based in Malta follow strict laws and regulations. The following table shows the most important advantages and disadvantages of an MGA gaming license:
Procedure in the event of problems
If a problem arises – such as a win that has not been paid out – the player can contact the MGA. The best way to do this is to go to their website, find the contact information and write an email or call. The MGA will then inspect the online casino. If the suspicion is confirmed and there is actually a problem, the company will lose its license for the time being.
Players shouldn’t be afraid to contact the MGA if they have any problems, because that’s what they’re there for. It is the purpose of the authority to ensure a fair market and weed out black sheep. Using the wrong license number is a problem that can certainly arise. Because usually the license number can be found at the bottom of an online casino’s website. But you cannot always rely on their accuracy. Therefore, players should go to the MGA website and check the list of licensed casinos to check that the numbers match.
MGA Casinos payment options
If you want to make a deposit and play at an MGA casino, there are many other payment options available to you. Here you can find out more about them and then decide which one you like best. Some of our most common categories deal with credit and debit cards, electronic wallets, prepaid cards, and of course, cryptocurrency. Each of these payment options has advantages and disadvantages and you have to find out which payment option suits you best. Depending on the casino, fees may apply for some payment options. So it can’t hurt to use different methods. The most popular payment options at MGA Casinos are currently:
- ecoPayz
- ETH
- Trustly
- Instant bank
- PaySafeCard
Summary
The casino veteran of course also knows the MGA and its licensed old and new online casinos. Some say that he only plays in such casinos, but we think it’s a legend because the casino veteran is always open to smaller regulators. In any case, playing in a casino licensed by the MGA is a safe bet, as everything is done properly and the players’ data and money are protected as well as possible.
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Gamblers should always make the right decisions when choosing a gaming site. From signing up, protecting your online identity to withdrawing/depositing funds safely, every decision counts. Most importantly, placing bets within safe gambling jurisdictions would be an added advantage. Moreover, players must meet rules and regulations that govern gambling activities within their countries.
The good news is that the world’s safest gambling jurisdictions also issue licenses to online casinos that operate beyond borders. For example, Curacao e-Gaming authority is only one of many popular jurisdictions that operate international gaming sites. While South African online gambling for real money has suffered many legal setbacks, the e-Gaming industry keeps expanding to accommodate more players. Despite the illegality of online gambling in the country, the South African government has rarely interfered with companies that operate online casinos. This post will shortly explore the top five online casino licensing jurisdictions.
What is the significance of jurisdictions?
For starters, gambling jurisdictions do not seem to underscore a lot of significance. However, when you want to play casino games, especially in countries such as India, where strict gambling laws strangle the sector, you may want to try elsewhere. Variations in gambling laws mean an offshore gaming site becomes a handy option.
Note that some online casinos in your country may be operating under offshore licenses with express authority from the gambling commission. Thus, you should always check certification information on a gaming site before creating an account. Do not risk playing on a site that does operate within a legal framework only to lose everything to a fraudulent company.
A quick review of the safest online casino jurisdictions
Interestingly, major online casino jurisdictions are little-known places. Here is a quick review of the safest ones.
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The Isle of Man Gaming Commission
The Isle of Man Gaming Commission enjoys a long-standing reputation worldwide as a top license provider to online casinos. They issued the first license in 2001. To acquire a gaming license from the Isle of Man Gaming Commission, online casino operators must complete the requisite paperwork and submit it for inspection. The gaming authority looks into bank account details, which must be within its jurisdiction, gaming software, and fairness of a gaming company and ensures strict adherence to stated laws. A license from the Isle of Man Gaming Commission is one of the best because it covers all aspects of betting and gaming activities. Licensed operators do not pay capital gains tax.
Curacao E-Gaming Authority
Curacao e-Gaming Authority is a popular license provider to online casinos within its jurisdiction. After issuing the first license in 1996, the Curacao e-Gaming Authority has established itself as a household name in the gambling industry. You could say it enjoys political goodwill within its jurisdictions.
Notably, Curacao does not issue separate licenses to gaming entities as most licensing authorities do. The issue a single permit that covers all interactive internet gambling. Moreover, the gaming authority undertakes transparent and fraud-free licensing of gaming companies under its jurisdictions.
Gibraltar Regulatory Authority
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Gibraltar Regulatory Authority (GRA), established under the regulatory Act of 2000, was also nominated to operate under the country’s Data Protection Act of 2004. Today, it issues gaming licenses and oversees the safety of online gamblers. To obtain a gaming license from GRA, operators of online casinos must go through a detailed guide.
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Moreover, GRA is responsible for the data protection of players, a supervisory role it undertakes through electronic and communication frameworks within its jurisdiction. GRA issues lottery, bookmarker, gambling, gaming operator, machine, and betting intermediary licenses.
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The UK Gambling Commission
The UK Gambling Commission (UKGC) has been issuing gambling licenses to online casinos within its jurisdiction since 2005. The establishment of UKGC happened after the UK passed a Gambling Act. But first, online casinos must meet the gaming software requirement threshold, have a banking certification, and demonstrate a reliable auditing process. Other vital functions of the gambling commission are to prevent slot machine manipulation, prevent illegal gaming, and issue remote licenses.
Malta Gaming Authority
The Malta Gaming Authority is among the safest online casino jurisdictions. Most popular internet casinos operate under the Malta Gaming Authority license. It is among the safest jurisdictions in the world. Note that Italy was the first EU country to regulate online/remote gambling. The Malta Gaming Authority also protects vulnerable players and minors against exploitation by gambling companies. Most importantly, MGA promotes a secure, safe, and responsible gaming environment within its jurisdiction.
Conclusion
Internet casino jurisdictions continue to gain momentum globally, mostly to tap into an explosive e-Gaming enterprise, which is now worth billions of dollars. Online casinos have witnessed tremendous growth in 2020 due to restricted movements attributed to the COVID-19 outbreak. To find out about the licensing of a gaming site, always read the ‘About Us’ section, usually at the bottom of a website’s homepage. To lovers of sports, find out how coronavirus will impact college bowl games to help you adjust accordingly.
Story by Leah Shepherd