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Probably the most popular regulatory body for online gaming in Europe, the Malta Gaming Authority was formed in 2001. It was among the first regulators to cover online gambling, and it has. The Malta Gaming Authority: Uncovered. With more and more gambling companies moving online, as well as new online gambling companies springing up at a remarkable rate, the small European island of Malta has become a hub for gambling companies, ranging from online casinos to software providers. Malta Gaming Authority. As one of the most reputable online casino licensors, the Malta Gaming Authority regulates many online casinos that operate not only in Europe, but across the globe. Malta is one of the most important locations for online gambling, which is why many online casinos strive to get a licence as well regarded as the MGA.

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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.

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.

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:

1. Remote Gaming License
2. Remote Betting License
3. Promote gaming
4. 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

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.

Types of Licenses

MGA issues two different types of licenses, which must be obtained by anyone offering a game of chance or controlled skill game. The two different types of licenses are:

• Gaming Service License, which authorizes an online or land-based casino to offer gambling services.
• Critical Gaming Supply License, which is a business-to-business license that authorizes certain companies to provide products or software to those with a gaming service license.

Areas of Focus

Part of the Malta Gaming Authority’s mission involves “having a fair and transparent gaming sector in Malta to safeguard against crime and corruption, and to offer protection to minors and vulnerable players.” Part of the way they protect players is by requiring casinos to ensure that all players are at least 18 years of age.

MGA takes gambling addictions very seriously. As such, one of their requirements is that online gaming sites provide a link that people can click on to get help with their gambling problem. Online casinos must also allow players to place certain limitations and exclusions on themselves.

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Protecting players’ funds is also a top concern. As part of their oversight, the agency requires casinos to perform monthly reporting. Part of that reporting involves player balances vs. the account balances of bank accounts used to deposit player funds. Player funds must be kept in a separate account from a site’s operating funds, and must not be comingled.

Software Testing and Licensing

All software must go through a rigorous testing process to ensure fairness and accuracy. MGA is very particular as to who performs the testing, and will accept only those agencies they have previously approved. Each time there is a change in software or game rules, the provider will need to obtain recertification from the Malta Gaming Authority. Accordingly, most software providers find licensing to be an ongoing process rather than a one-time affair.

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How to Achieve Licensing

Operators who wish to apply for a license should visit the official website of the Malta Gaming Authority. There, they can log into a program known as the Licensee Relationship Management System (LRMS) to complete the application process.

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From there, the Financial Directorate will determine if the appropriate fees have been paid before forwarding the application to the Regulatory Directorate. The Regulatory Directorate will review the application and may ask for additional documentation if needed. If approved, a platform will need to pay the appropriate licensing fees, gaming taxes, and compliance contribution fees before actually receiving a license.

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MGA prides themselves on transparency throughout the licensing process. Applicants can view the status of their license in real time by logging into the LRMS system. Online gamblers can also check the MGA Licensee Register to search for licensed operators or to verify licensing.

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Conclusion

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The Malta Gaming Authority has the responsibility to protect online gamblersand takes that responsibility very seriously.Only the most reputable software providers and casinos are able to earn certification from the MGA. The authority also provides near constant oversight to protect the interests of players. If your casino has been licensed by them, you can be sure the platform is fully vetted and safe for play.