What Is Malta Gaming Authority License
Malta Gaming Authority license is the license issued by the MGA to an online casino or a sports betting site (or a land based facility, depending on the situation!) in order to enable the operator of the site to provide gaming services to residents of a certain jurisdiction.
The MGA license is one of the best in the industry, since MGA takes its work seriously, and follows strict rules when choosing candidates.
However, getting the MGA license is hard, because there are many requirements and restrictions, a long term testing process, and it is also costly.
This is why smaller companies are not recommended seeking MGA license approval; they are not likely to meet the technical requirements in the first place.
If the online parlour has managed to get an MGA license, this is a sign of decent quality and proper customer service.
MGA Licensing Policies
One of the key differences of the MGA as an online gaming regulator for the international gambling niche is that MGA conducts a way more in-depth testing than many other regulators.
Firstly, there are 4 types of licenses MGA issues:
- I Class - for classic casino games in classic gaming establishments (both online and offline), including both games of skill and games of chance
- II Class - for games with fixed odds (mostly applied to sports betting entertainment)
- III Class - for more complicated peer-to-peer games and poker networks
- IV Class - basically for software providers rather than Malta casino operators
Secondly, the application process for one of the licenses includes several requirements:
- owners of the company are not associated with criminal activities or criminal past
- bank references
- detailed business plan for company development
- software providers and systems to be used by the site
- hosting must be located in Malta
How Does MGA Protect Gamblers
One of the key purposes of the Malta Gaming Authority is to protect customers of the land based and online betting facilities alike, to provide transparent and fair gambling as the legitimate form of entertainment, and to allow industries take advantage of healthy development.
Gambler protection by MGA includes:
- enforcing strict Responsible Gambling protocols for Malta casinos
- prevention of underage gambling
- prevention of money laundering
- making sure the customers are paid honestly by the casinos
- protection of users data and funds
- monitoring Malta online casino operator
- monitoring software used by casino operator
- ensuring the development of the industry is beneficial for Malta
