![]() ![]() The MGA will review the business’s compliance policies and procedures and check for responsible gaming tools and other regulatory requirements. This is a crucial step because if the website doesn’t meet the required technical standards or the games aren’t fair, they will turn down your application. They will also conduct a technical assessment of the company’s online gaming platform. After that, the MGA will conduct a thorough background check on the company to ensure they meet the required honesty, integrity, and financial stability standards. ![]() The application must include detailed information about the company, its owners, and its business operations. ![]() The first step is applying for a Malta Gaming Authority license. Currently, increasingly more new online casinos have been reported to function following MGA’s guidelines nowadays than was the case in past years.Īlthough getting a valid license is complicated and slow, online operators want to ensure a safe market and happy customers, so they are eager to get it. One of the safest licensing authoritiesĭetailed analysis of regulatory bodies licensing top online casino brands shows that the number of new gambling platforms willing to strike a collaboration deal with the Malta Gambling Authority is continuously rising. Their work is incredible almost every online gambling website desires an MGA working permit. The MGA also works closely with other regulatory bodies and law enforcement agencies to combat illegal gaming activities and protect consumers from fraudulent and illegal operators. The Malta Gaming Authority has many responsibilities, including licensing and regulating gaming operators and monitoring and enforcing compliance with regulations. The MGA also ensures that operators comply with all legal and regulatory requirements, including anti-money laundering and responsible gambling measures. The Malta Gaming Authority was established in 2001 and is responsible for ensuring that all gaming and gambling activities in Malta are conducted fairly, transparently, and responsibly. They also cancelled eight gambling authorisations in the last two and a half years. Moreover, the first half of 2022 created over 11,000 jobs in the gambling sector and employed 10,861 people. Although 2021 saw a slight decline, the year-on-year increase is at an 8.7% rate.Ībout 9 million young adults created new accounts, bringing the Maltese gambling sector €573 million in gross value in the first half of 2021.įrom an economic perspective, in 2021, 8.0% of the Maltese economy was sustained only by this sector. In 2020, there were 19 million active players in online casinos that had an MGA certificate. Although the global gambling industry is not yet fully regulated, Malta managed to not only be ahead of multiple countries but also created an authority worthy enough to be globally recognised and wanted.Īn insights article published by the iGambling Business proves that casino players open more accounts on Malta-licensed platforms than others. ![]() Some countries adapted faster to the market’s requests and established regulatory bodies and laws to make it safe for customers. The online gambling market has seen numerous changes in Europe and across all continents since the very beginning. ![]()
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