Malta Casino License
The MGA license is one of the most important to have. This international license gives an online casino credibility on the market. Malta license is recognized in many countries around the world. MGA stands for Malta Gaming Authority and is one of the most widespread international casino licenses at all.
The Malta Gaming Authority is directly subordinated to the government of the Mediterranean island of Malta. The MGA started as a supervisory authority in relation to online casinos way back in 2001. It is therefore a license that says something about guaranteeing fair and safe gaming. 20 years on the market testify to great experience.
Virtually all international casinos, like zetbet casino, on the European market today have an MGA license. It offers serious and fair online gambling, which is controlled by an authority you can trust. Read on here to learn more about gambling at online casinos licensed by the MGA.
Online Casinos With MGA License – How It Works?
Many online gaming companies are trying to establish themselves in Malta. Therefore, it is very likely that we will see many more MGA licensed casinos in the future. Favorable conditions draw companies behind online casinos to Malta. You can operate from there with better benefits and lower taxes.
What Online Casinos Must Fulfill in Order to Be Issued an MGA License?
There are a number of criteria that must be met in order to be issued an MGA license for online gambling. First of all, you must prove that you have sufficient financial strength and a clear ownership structure. This is of course to secure registered players’ deposits at the online casinos.
The expertise is also thoroughly checked. One must demonstrate a high level of integrity. It is certainly not everyone and anyone who can offer online gambling with an MGA license.
Moreover, it is not enough to be granted the license once. You are subject to continuous control and lose your license if the rules are exceeded. An MGA license is therefore a guarantee of control over the company behind a casino.
Online casinos with an MGA license strive on a daily basis to meet the requirements. The Malta Gaming Authority regulates the casinos to ensure compliance with the relevant data protection legislation.
An MGA license at an online casino means that your personal information is treated confidentially and behind encryption. Your data will not fall into the wrong hands.
Fairness is another area controlled by the MGA. Fair chances of winning are ensured on games of chance such as slot machines, card games and roulette. In this connection, the software providers are also thoroughly checked.
An RNG – randomness generator – provided by a third party must be used. An online casino also undertakes to draw attention to the probability of finding in the games it offers. The most common way is by displaying a game’s RTP – Return To Player. The average repayment percentage over time is shown here.
Different Levels of MGC License
Class 1
A basic license intended for a casino with slot machines, table games and online lotteries in the range. The operator behind the casino manages its own gambling risk.
Class 2
License intended for online casinos offering games on online slots, table games and lotteries. The operator manages his own risk.
Class 3
License to offer online gambling in and outside Malta. It can include both sports portals, P2P games and poker networks. The operator is tasked with promoting and developing games.
Class 4
License to both operate online gambling and be responsible for remote players in other countries where software providers provide services on their own platform. The license includes business activity.
Advantages & Disadvantages of Casinos With MGA License
There are always both advantages and disadvantages. Also, when you register and play at MGA casinos without GamStop. Below you will find a list that makes it easier to find out whether you want to play with a license from MGA or not.
Advantages
Bigger bonuses
There are limits to how big bonuses can be offered under a British license – and under which conditions. You can get bonuses under the MGA license, which it is not possible to offer with a British license. The bag of bonuses will therefore be filled with new varieties.
Few Restrictions
There are fewer and less strict restrictions on MGA-licensed casinos. The British market is pretty tight when it comes to the rules and conditions under which the casinos operate. MGA casinos like to reward their loyal players with VIP programs, where you can earn even very large bonuses over time. There are therefore a great many bonuses to come after, which are not available under a British gaming licence. Unlock the loyalty programs and get something good in the account.
No Deposit Limits
You decide entirely yourself how much money you want to deposit. MGA casinos do not contain such restrictions, which are otherwise normal under a British license.
Usually Tax-free Gains
Malta is a member of the EU. Therefore, winnings won under an MGA license are usually just as tax-free as under a British license. What you win, you have earned.
Disadvantages
Not Always Tax-free Gains
It is not 100% certain that your winnings are tax-free. Therefore, you should make sure that winnings won at the individual casino are really tax-free. If you play at an EU casino under a Maltese licence, the winnings will be tax-free.
Conclusion
It can be concluded that a license from MGA does not give the players the same degree of protection as with a British gambling licence. However, there are also clear advantages to playing with an MGA license, which provides fertile ground for some speculation.
Should you accept a large bonus and register at an MGA casino or should you not… It is entirely up to the individual player to judge.
When you are aware of the risk and have weighed the advantages against the disadvantages, you will at least not be surprised by anything. We encourage responsible gambling at casinos licensed by the MGA. In the same way as with a British licence, it is not possible to set limits for your consumption of online gambling – this naturally calls for responsibility.
The MGA license ensures that a large number of rules and requirements are complied with. However, never gamble more money than you can bear to lose – even at casinos licensed by the MGA.