The state of Malta is located in the Southern region of Italy and Malta Gaming Authority (MGA) is the licensing commission in charge. Originally, the authority was known as Malta Lottery Gaming Authority but its name was changed to the Malta Gaming Authority towards the end of 2014. The island is famous for being a habitat for the highest number of online gambling operators in the whole industry.
MGA is in charge of all gambling authorities in Malta which are estimated to be over 100 companies including famous casinos like SpinIt, Karamba and Guts. These companies include those that supply gaming software, remote gaming, and online casinos. Additionally, the authority has an official website where players can file complaints about their operators.
MGA Main Goals
Every licensing authority has set up different goals to be met. These goals guarantee both the player and operator of a mutual business partnership. Here are the main goals of MGA:
- To give support to the gaming industry alongside any innovation in technology that may show up
- To protect the minority or vulnerable individuals in the industry
- To ensure that the rights of all players are not neglected
- To advocate for responsible gaming in a fair environment
- To ensure that all player access safe and secure gambling
- To provide any necessary information that may be required
- To monitor any licensing procedures
- To guarantee protection against online criminal activities.
Roles and Responsibilities
The Malta Gaming Authority’s primary role has clearly defined by the Lotteries and Other Games Act of 2001. Hence, the major purpose of this authority is to regulate all areas of the gaming industry that fall under their umbrella. Also, the authority plays a big role in preventing crimes, bribery, and other money laundering activities. All these, among others, are some of the major roles of MGA.
Types of Licenses
The Malta Gaming Authority offers casino operators with four different types of licenses as highlighted below:
Class 1: Remote gaming license that covers popular games like lotteries, online casino games, and others.
Class 2: Offered to casinos that run high-risk games which are similar to a matchbook.
Class 3: Peer to Peer (P2P) is issued to operators who earn commission through promotions and betting games.
Class 4: This is specific to software vendors. The license enables them to host and control remote operations.
Conclusion
With numerous benefits enjoyed by companies licensed by the MGA, you can rest assured that you can put your faith in it. They also have a code of ethics which ensures fair gameplay at all time.