Malta Gambling License

Background Of Malta Gambling Authority Licenses

MGA, or The Malta Gaming Authority, was established in 2001. To regulate and control gambling industry sectors that fall under its jurisdiction. Since it was founded, it has become the leading hub for e-gaming licenses. This is because of the very stringent and robust gambling framework that was put in place in 2004. MGA becomes the first-ever EU member to regulate online and remote casino gambling.

MGA has earned its place and reputation as a trusted licensing authority within the casino gaming industry. This licensing authority is regarded as a regulator with very tight regulation enforcement to help the gaming industry to flourish. Before MGA was established, it already had a history of gambling activities. As of 1923, Lotto was already in existence, a game believed to have come from Italy and was government regulated. However, the legislators’ foresight regarding the projected growth of online MGA casino sites established the country as a global leader. From statistics, online casino gaming providers make up around 12% of the country’s GDP. So many global casino game providers have chosen to establish their business in the country for several reasons. Aside from the well conducive environment, climate, and laid-back lifestyle, the country provides a strong regulatory system for online casino operators.

Advantages Of Malta License Casinos        

The best online casinos licensed MGA stand to have the edge over non-Malta casinos. While this country is not as popular as most of the EU nations, it shouldn’t be underestimated when it comes to business. Malta is a country regarded as a flourishing ground for licensed online casinos and other businesses such as blockchain, financial services, and artificial intelligence (AI). Also, Malta has one of the strongest economies in Europe. For over 14 years, the country has remained the top center for online casino gambling. The gambling license Malta is regarded as a gold standard in the iGaming industry. There are many reasons why getting a license from Malta Gaming Authority is beneficial, and that is what we are going into.

• Malta Gaming Authority (MGA) is among the respected online casino Permit in the world, and acquiring a Permit from this authority gives an edge to casinos.
• MAG licensing procedures are fast and offer stable control and regulation for iGaming providers, service providers, and online gamblers.
• In 2018, the iGaming authority permit was upgraded to onshore status in Europe. The fully registered and MGA license holders can advertise in Europe.
• The MGA also established a strict anti-money laundering policy that complies with EU legislation.
• Operators who hold an MGA license are eligible to open an official business account for their online casino.
• The gaming platform operated with the license is eligible to add more payment options to reach out to more players.

Disadvantages of Malta License Casinos   

As a highly advantageous MGA license may be, it still has its flaws and disadvantages. The most important thing for us to know is that the advantage overshadow the disadvantage, and getting the license should be based on choice. Here are a few disadvantages of an MGA License.

• It is only available in some regions: The availability of casino games licensed by MGA depends on that region’s governmental regulation. Players from over 180 countries in the world can have access to casino games licensed by MGA. For example, players from Germany, China, Hong Kong, Australia, Turkey, Syria, etc., can’t access MGA licensed casinos and games because their government has banned online gaming.
• High tax rate: Operating an iGaming company with a license from MGA comes with a higher tax rate when compared with other licensing bodies.
• Lengthy registration procedure: To fully apply for the permit, operators must follow a long yet complex procedure.

Trustworthiness    

Players should look for the best MGA casinos because of their trustworthiness; in the iGaming industry today, most of the safest online casinos are Permitted as MGA casinos. MGA is well Known for its strict rules and regulation. Game providers who wish to be licensed by the body will provide details of their business practice for proper checks and vetting.   As the licensing application is being processed, MGA will also require the applicant to provide their business cost, profit, and business plan details. All this check is to ensure that such online casinos are set up to the licensing body’s standards. Malta Gaming Authority casinos are very trustworthy because of the standard created by the licensing body.

To further check the trustworthiness of any iGaming company before license. The applicants will also be mandated to submit documents showing that the business owners don’t have any past criminal records, details of the gaming software used, and the set-up hosting service for the online casino gambling operation in the country. MGA also protects players’ benefits through “strict regulation”; they have worked hard to establish a self-barring process that is equally unified, and players can use it to practice gambling responsibly.

Publicity  

In terms of popularity, MGA casinos are quite popular among casino players around the world. The licensing company is a reputable and trustworthy licensing body whose licenses are sought by both new and old casino operators and players. They place a high value on the license as they consider any casino with the license safe, legal, and trustworthy. In so many casino markets, both offline and online, the MGA license is highly respected. Some other regulatory framework is modeled after it.

Recently, many casino regulatory licenses have been established in Europe and other continents. This is to meet up with the regulatory requirements from other regions. While an already established casino company chooses to acquire several other licenses as it will enable them to penetrate different countries. The popularity of the MGA license did not come as a surprise or sudden because the regulatory body has built its regulation over the years, fine-tuning its framework to meet the player’s needs. Malta Gaming Authority license is mostly featured in sites that operate in a different language.

Factors that make MGA licensed casino popular among players.

• Fair games trusted by players: Games offered by these top MGA casino sites are well-trusted, as MGA reviews them for fairness.
• Trusted and secure payment system: Those MGA online casinos offer a fast, low-cost payment system that lets players deposit and withdraws their winnings.
• Wide varieties of Games: For an exciting gaming experience, players choose MGA casinos as they offer a wide variety of games.

Contact Information                        

Every business has where they are based or a means of contacting them. This company has put in place very good customer support for any inquiry. They have also made public all their contact information so that the general public will be properly guided.

• Organization website: https://www.mga.org.mt
• E-Mail: [email protected], [email protected], [email protected].
• Telephone: +356 2546 9000
• Mailing Address: Building SCM 02-03, Level 4, SmartCity Malta, Ricasoli SCM1001.