The Malta Gaming Authority is a leading legislative authority that regulates internet gaming activities. The Lotteries and Gaming Authority (LGA) was its original name when it was founded in 2001. This governing authority was among the first to begin policing internet gambling activity globally.
In 2015, it decided to change its focus from the static world of land-based casinos to the dynamic world of online gaming. Additionally, the company is currently one of the most reputable organizations overseeing both offline and internet casinos.
MGA’s primary source of income comes from the taxes that each casino and gambling establishment pays in exchange for a license. Applying for the license costs roughly €5,000. Due to its credibility and fair play policies, MGA is one of most used licenses by renowned casinos. Not only Malta casinos, but also operators from all around the world hold a license from this regulatory body. Keep reading to learn more about MGA casinos.
All new MGA Casinos — 2023
Regulatory objectives of the MGA
As a body focusing on regulating and issuing gaming licenses, MGA is responsible for:
- Licensing online gambling companies
- Collecting gambling taxes for the Maltese government
- Offering directions to all applicants seeking licenses
- Preventing illegal activities on sites that hold MGA licenses
- Ensuring sites use safe payment methods
- Maintaining players’ rights by looking into complaints.
The MGA does not mandate that any operator pays out losers in fair games. However, it does offer support and counsel when it comes to financial deposits and in the event that there are any disagreements regarding actual prizes. Additionally, a new rule that requires gambling sites to treat players in their territory with care has come into effect. Some of the most useful objects are discussed below.
In 2018, the MGA established the Player Protection Regulation. Its primary objective is to safeguard gamers who are at risk of developing problem gambling. It operates using a Unified Self-Barring Database. There are many options available for players like personal limits, cooling-off period, self-exclusion, and account closure.
With this tool, players can set how much they want to deposit during a particular period. This tool is given on MGA operators during account creation or immediately afterward. Existing players also have access to this choice.
Players can also set the maximum amount they want to wager in a set period. Furthermore, they can set loss and time limits. All websites with MGA licenses are subjects to these limitations.
The country of Malta is of course a member of the European Union (EU). Hence, the nation and any relevant authorities are forced to obey any EU directives pertaining to anti-money laundering. The MGA is a part of MONEYVAL, which carries out self- and mutual-assessment activities under the guidance of the Council of Europe to counter money laundering.
To make sure that casino games are fair and random and that websites do not have an unfair advantage over players, the MGA constantly tests and audits the games that are offered on casinos that hold its licenses.
Licenses for gambling increase security
One of the most crucial things to do is to confirm a casino’s license is active before you sign up and begin playing. A license is a proof that a casino is trustworthy and complies with all the stringent requirements and specifications that the license holder has.
A casino without a license is free to operate any way they like, whether that be with unauthorized slots, unfavorable terms, and conditions, or simply by refusing to pay out any winnings. Because of this, you should always check the casino’s license before you start playing.
MGA is one of the biggest and best licenses available at the moment, so you can nearly always feel comfortable playing at a casino if you see it listed at the bottom of the page. Nonetheless, it will be best to check the given license number.
MGA casinos license requirements & fees
Casinos that want an MGA license must go through a tough application process and provide significant information and documentation about their intended operations. In addition, the applicant is required to estimate the costs and profits of the casino they are starting during.
Furthermore, they must also submit a fully developed business strategy. Once an application goes through, the applicant will pay a fixed yearly charge of €25,000 to obtain the license. The casino will also incur additional ongoing license costs dependent on their annual revenue. The basic prerequisites for acquiring a license are:
- Documents to prove that the owner(s) of the company lacks criminal background
- Notarized copies of passport
- Bank account details
- Attested copies of utility bills
- Detailed business plan of the company
- License fee
- Additional license costs are determined by the class of the casino’s license and its yearly gross gaming revenue
Due to these strict regulations, an MGA license is often regarded as the most secure license in the world.
MGA licensed casinos
The MGA is a well-regarded gambling regulator that has consistently upheld a fair, lawful, and responsible gambling environment to safeguard players. Nearly all of the largest online casinos are now located in Malta. All of the major European nations, including Germany, Denmark, Sweden, Norway, and so forth, are included in this.
The country attracts casinos because it offers better benefits and lower state taxes. Since the casinos operate from Malta, they follow their rules and conditions about how things should be run. For example, casinos are free to give any number of incentives, and there are no restrictions on the amount of time that must pass between spins when playing slots. Due to this, players all across the world are now searching for MGA casinos even more frequently.
Classes of licenses issued by the MGA
The most common type of licenses MGA issued is given below.
This class includes skill-based games, lotteries, and common gaming options including video slots, casino games, blackjack, baccarat, and other similar options. A Class 1 licensee will be responsible for the risks associated with repetitive games.
To offer players games with fixed odds, a betting operator needs this license. The risks of matchbook betting are the responsibility of a Class 2 gambling operator.
To provide players with peer-to-peer, bet exchange, and poker network games, a gambling operator must have this license. For promoting gambling games, a Class 3 operator receives a commission based on a percentage.
A licensee with a Class 4 MGA license is permitted to host and oversee online operators, but they can’t function as a gambling operator. Essentially, Class 4 licensees are game providers.
Reliable Malta and MGA casinos
When playing at casinos online today, there are of options to choose from. Every day, new casinos are being released, and many of them don’t last more than a few months before closing.
So, what makes for the best MGA casino? Answering this question is incredibly difficult because it depends on your personal values as a player. Is it, for example, fair and huge bonuses? Quick withdrawals? A large gaming section? Most of these are found in the largest MGA licensed casinos, which is what makes them the best.
Leo Vegas, Betsson, and Unibet are just a few examples of the casinos recommended to you. Thus, you can’t miss an exciting MGA casino that meets your demand.
MGA license casinos and Trustly
The Trustly Group was established in 2008 in Sweden. Without the need for a card or app, clients can shop and make payments using Trustly, an open banking payment option. This payment service has spiked in popularity in casinos in the last few years. It functions as a quick fix where you can pay instantly using your bank account, but your money is transacted through Trustly, instead of your using your bank details.
This provides an additional degree of security when playing online. Here are some of the Top Casinos with Trustly 2022 currently available. A few years ago, Trustly unveiled Pay N Play, a brand-new service that has significantly altered how casino payments are processed. You can play online right away and deposit using this service.
Payment options on MGA casinos
For those who play at online casinos, payment options are extremely important. Fortunately, MGA casinos accept a wide variety of payment methods. This includes credit and debit cards, electronic wallets, prepaid cards, and cryptocurrency. There are benefits and drawbacks to each of these payment options. Note that some casinos charge fees on deposits and withdrawals. Examples of accepted payment options include:
- Bank transfer
- Instant bank
How does MGA Compare to Other iGaming Licenses?
Being among the first iGaming licenses, MGA is one of the most powerful gaming authorities in the world. The main reason why MGA casinos have grown so popular is that they follow strict rules set by the regulatory body. This guarantees players safety.
The United Kingdom Gambling Commission (UKGC), is another widely used gambling license. It is a reputable British iGaming license. However, it is a less strict than MGA.
Gibraltar and the Curaçao licenses are two more gambling authority bodies that are also popular. But these jurisdictions make it quite simple to obtain a license. Additionally, these licenses don’t impose any strict expectations or obligations on the license holder. However, this does not imply that all casinos in Curacao and Gibraltar are not highly safe.
MGA casinos bonuses
One of the hottest trends at online casinos is casino bonuses. Almost every casino will give you one when you sign up. Utilizing a casino bonus increases your chances of winning and your odds against the house. You can play for longer sessions because you have more money to spend.
The laws and rules that govern bonuses at MGA casinos are one of its strongest features. There are many types of bonuses available at these casinos. This includes welcome bonus, loyalty programs, deposit bonuses, cashback, and many more. A lot of casinos also provide free spins, which are extra spins on a certain slot machine. Before you can request a withdrawal, you will have to meet a wagering requirement attached to these casino bonuses. You will encounter terms and conditions for every bonus you use.
The welcome bonus is given to new clients for opening an account with a casino. This can be extra cash on the bankroll or free spins. Most of the time, you don’t need to perform any action to receive it. However, some casinos will give you a promo code or link to activate it.
A deposit bonus is an offer that a player receives after making a deposit. The most common type of bonus offered by casinos today is a 100% match bonus, which essentially doubles your initial deposit.
A casino’s most devoted customers are rewarded through a loyalty program. There are numerous names for loyalty programs, including VIP Programs, VIP Lounges, and so on. Each casino has a unique program. With the help of these programs, you as a player can receive money, free spins, gifts, a personal bonus manager, quicker withdrawal times, bonuses that are customized to your preferences, or prioritized customer service.
The most type of loyalty program is one that allows players to accumulate points when playing. You can then convert these points for cash, gaming bonuses, gadgets, and even lavish trips. The goal of the loyalty program is to keep clients playing at a casino for a longer period, while receiving top-notch services.
How VIP Loyalty programs work
Numerous levels are used to break up loyalty programs. A casino will undoubtedly allow you to gain your VIP status while you play if you’re a loyal customer. There are normally 5–6 levels in these programs. As you move up the levels, you have access to more and more benefits.
Playing in your chosen online casino and earning points advances you up the levels. You will move to the next tier by earning a set number of points.
MGA casinos cashback
Cashback bonuses are a typical component of loyalty schemes. This bonus type guarantees players some reimbursement after losing. Some MGA licensed casinos give up to 10–20 % of all the losses from the previous week or month.
Your account will receive this money back with a wagering condition. It’s great to sign up with a casino that has a cashback bonus a sit can help you during bad gaming days.
MGA casinos game providers
When playing at an MGA casino, you will have access to numerous games from leading providers. Except for those that are restricted to certain casinos or licenses, you can locate nearly all of the game suppliers on an MGA casino.
Reputable suppliers like Big Time Gaming, NetEnt, Pragmatic Play, Amatic, Yggdrasil ,1×2 Gaming, Playtech, Quickspin, and Microgaming are available through MGA. Additionally, most of these providers also hold MGA licenses.
Games are being developed at record-breaking rates, mostly as a result of the high competition. We now have more games than ever, thanks to technology which allows providers to release excellent new games regularly. It is not at all rare for players to have access to thousands of different games at an MGA casino. This includes slots, jackpot games, poker, scratch cards, craps, table games, and live casino games.
MGA casinos pros and cons
Now that you know why MGA licensed casinos are well-liked by players and why they rank among the safest, you may play at them with confidence. The benefits and drawbacks of MGA casinos are listed below to help you make the right call.
- Highly prestigious license
- Recognized both in and out of the EU
- Relatively fast application process
- Gambling laws are constantly revised at MGA casinos
- High levels of GDPR
- Not recognized in the UK
- Rigid advertising rules
How to file a dispute with the MGA
If you have an issue with your chosen MGA casino, you can file a complaint using available customer support options. However, if your issue can’t be solved by them, reach out to MGA. You can contact the MGA customer support team by visiting the MGA website and fill out the form on the Online Gaming Support page. Some of the information you will provide include:
- Your name, email address, phone number etc.
- Name of the gaming operator against whom you wish to lodge a complaint.
- The username registered to your login account, the game you were playing, the disputed amount, and the date and time of the incident.
- A short description of your claims and upload any files you feel will help with your case.
The MGA support staff will confirm the facts you have provided and look into the issue you have made by working with any relevant third party. As soon as the investigation is over, you will receive an email with the result of your case.
Sending a mail to MGA’s official physical address is also another way to get in touch with the company. Th team will try its best to promptly respond to your mail. You can also simply send an email to email@example.com, which is their official email address.
MGA casinos follow the strict guidelines established by the respective regulatory body. Hence, they are safe and dependable. Protection from fraud, cyberattacks, and data leaks is guaranteed at casinos that hold an MGA license. As a result of the Random Number Generators’ regular audits, you are also assured of a fair gaming experience.
Moreover, these casinos work with respected providers, such as Microgaming, Pragmatic Play, Quickspin, Yggdrasil, Playtech, Playn’ Go, and do on, to provide players with numerous games, from slots to table games and live casino. These casinos also allow players to use numerous payment options, including bank transfer, ewallets, and cryptocurrency.
If you have an issue when playing at your chosen casino, reach out to the customer support for help. However, if your problem is not resolved or you feel unfairly treated, contact MGA directly by sending an email or a mail to their physical address if possible. You can also fill out the form on MGA’s website Online Gaming Support page.
A casino that has obtained a license from the Malta Gaming Authority is known as an MGA casino. Many of the top international casinos use this license since it is among the safest and best in the world.
Absolutely! MGA casinos are subject to routine audits and inspections to make sure they comply with the regulatory body’s rules. Thus, financial and personal information will be protected.
All casinos with MGA licenses are safe and reliable. The best casino for you will depend your preferences. Some of the factors to guide you are rage of games, payment options, and payout speed, among others.
The MGA license is the most secure. Besides, it controls operations with four different service lines and grants access to more than 180 nations.
The majority of online casinos will list their credentials for a license in the website’s footer. In the “About Us” section, you can also find information about the casino’s license.
MGA casinos normally follow a Know Your Customer (KYC) protocol. Thus, you may need to provide proof of your identity. You need to submit a proof of certificate, such as your ID or a passport, along with a utility bill or other document to prove your physical address. Depending on the method you choose, proof of payment may also be required.
You can contact the Malta Gaming Authority if you are having issues with an MGA-licensed casino by going to the website’s Online Gaming Support page, where they will do their best to assist you. Also, you can reach out to the team via email support.