MGA or the Malta Gaming Authority is the most popular regulatory body in the online casino industry. Malta is also the first ever EU country to start giving out licenses to online casinos. Approximately 10% of all online casinos around the world are licensed by the Malta Gaming Authority. Back in 2015, Malta hosted its first ever European Poker Tournament. MGA is not just a popular choice, but the best choice as well for online casinos.
The History of MGA License
Malta took advantage of the rising popularity of online gambling back in the early 2000s. The biggest and most popular online gambling companies call Malta home. Malta is considered to be at the forefront of the remote gaming industry, according to KPMG’s report back in 2013. In fact, online gambling uses up at least 50% of the country’s international bandwidth. Back in 2008, EU stated that Malta’s gross revenue in gambling reached over 7.8% of the country’s GDP. This figure is eleven times the average of EU countries which was 0.68%. Malta did everything it could to attract online companies, casinos, and of course, players. It has low tax prices which is great both for casinos and players. In 2004, Malta came up with Remote Gaming Regulations.
The Four Types of MGA License
The Malta Gaming Authority offers four types of licenses: Class 1, Class 2, Class 3, and Class 4. The Class 1 license is mainly for casino operators offering lottery-based and casino-based games. The Class 2 license is awarded to betting sites which provide fixed-odd bettings, spread betting, and pool betting. The Class 3 license is for poker sites and peer to peer betting exchanges. Finally, the Class 4 license is awarded to allow software vendors to manage remote gaming operators. MGA licenses the following products: Non-profit games, Amusement machines, Cruise casinos, Remote gaming, Advertising lotteries, Commercial bingo halls, Racecourse bets and sweepstakes, National lottery, and Gaming devices.
MGA License Rules
Once an online casino is awarded a MGA license, it will last for 5 years. Naturally, the long validity of this gambling license makes it a lot harder to get. MGA has elaborate license rules that an online casino needs to fulfill before it will be awarded a MGA license. The general criteria that an online casino must meet in order to be eligible for a MGA license include clear ownership, separate player funds, competency, no links with crime, and having sufficient finances. The first requirement is for online casinos to have an age verification process for their account registration procedure.
Online casinos must make sure that no minors will be able to enter their website. The acceptable age verification process consists of three steps. The first step is the age or identity verification. The user must be able to provide a scanned copy of his passport, driver’s license, or his National ID Card. This step has two purposes: the first one is to verify that the user’s age is well above the legal gambling age in that particular country and the second one is making sure that the user will open an account in his name.
The second step is address verification. In this step, the user must provide a previous utility bill that shows the name and address of the user.
The third step to this elaborate verification process is payment verification. This step is very crucial especially if the user plans to use his credit or debit card for deposit transactions. The user must provide a scanned copy of his debit or credit card to verify that the card is currently in his possession. The scanned copy of the card should show the card holder name and the last four digits of the credit or debit card number. Another requirement for online casinos aspiring to be MGA-licensed is an efficient customer service. Online casinos should be able to address any problems or concerns that their casino players might have. Once an online casino becomes unresponsive or lacking in their customer service support, players can contact MGA and an investigation on the online casino involved will be started.
Pros of Playing at NetEnt Casinos with MGA License
Since the Malta Gaming Authority is the most famous and reliable online gambling regulatory body, playing at one of its licensed online casinos will definitely be a great experience. One advantage of playing at a MGA-licensed online casino is you can be assured of the fairness of all the online casino games. MGA requires online casinos to provide a proof of fairness guaranteed by reliable auditing companies before they can get a valid gambling license. Online casinos are also required to provide its players a RTP or Return to Player Percentage so casino players will have an idea of how likely they’re gonna win in a particular casino game. One amazing thing about the Malta Gaming Authority is it takes responsible gambling very seriously. An entire section of its official website is solely dedicated to prevent compulsive gambling. In order to be awarded a MGA license, online casinos need to provide its players all the possible resources to help them with their gambling problems. The best online casinos usually offer a permanent self-exclusion and options to take long breaks from online gambling.
A good example of promoting responsible gambling is having deposit limits, bet limits, and loss limits. The deposit limit will let the player set a weekly, monthly, or yearly deposit limit so players will only use that particular amount when playing casino games. The bet limit will limit the amount and number of bets that a player can place within a specific timeframe. The loss limit will set a limit on how much a player is allowed to lose over a specific period of time. After reaching the loss limit, he’ll be unable to place any bets.
Another great thing about MGA-licensed online casinos is their Player Protection support system. MGA requires all online casinos to heavily protects its users’ data and not complying with this requirement will result to non-issue or termination of its MGA license. MGA also requires its licensees to separate the player funds from their operating funds. This will make sure that the money of casino players won’t be affected when an online casino goes bankrupt.
Top 21 MGA Online Casinos
Here are the best online casinos which are currently operating under the MGA license:
- Agent Spinner Casino (Welcome Bonus: €50 with 100% bonus percentage)
- SpinIt Casino (Welcome Bonus: Up to $1,000)
- Vegas Hero Casino (Welcome Bonus: Up to $1,000)
- Bet-at-home Casino (Welcome Bonus: $200 with 100% bonus percentage)
- LeoVegas Casino (Welcome Bonus: £300 with 100% match bonus)
- Guts Casino (Welcome Bonus: £100 with 100% bonus percentage)
- Viks Casino (Welcome Bonus: $1,000 with 100% bonus percentage)
- Mr.Play Casino (Welcome Bonus: $200 Cash Bonus)
- Yako Casino (Welcome Bonus: $333 with 50% bonus percentage)
- Highroller Casino (Welcome Bonus: $100 with 200% bonus percentage)
- BetFair Casino (Welcome Bonus: 25 free spins)
- Cherry Casino (Welcome Bonus: £25 with 100% bonus percentage)
- Vera & John Casino (Welcome Bonus: £600 Cash Bonus)
- SlotsMillion Casino (Welcome Bonus: $100 with 100% bonus percentage)
- NYSpins Casino (Welcome Bonus: Up to €1,000 Cash Bonus)
- Interwetten Casino (Welcome Bonus: $100 with a 100% bonus percentage)
- Casumo Casino (Welcome Bonus: 20 free spins)
Player Protection at MGA-licensed NetEnt Casinos
One of the best things about MGA is they have a Payment Support channel. Here, the players can reach out to MGA when the online casino they’re playing at is not responding to their complaints. After providing as much details as possible about the player’s problems or issues with the online casino, MGA will investigate and record each progress.
Complete List of NetEnt Casinos with MGA License
The following online casinos operate under the MGA license: Betsson Casino, Betsafe Casino, ComeOn Casino, West Casino, Lapalingo Casino, Zodiacu Casino, Casino Euro, SlotsMillion Casino, Atlantic Spins Casino, Fantasino Casino, Dream Vegas Casino, Videoslots Casino, Casimba Casino, Everum Casino, Kaboo Casino, Casino Room, Bingo.com Casino, Mr. Smith Casino, Wixstars Casino, bet-at-home Casino, Bob Casino, EUCasino, Expekt Casino, Genesis Casino, IW Casino, Codeta Casino, ExtraSpel Casino, Miami Dice Casino, AceLucky Casino, QueenVegas Casino, Monte Carlo Casino, Betrebels Casino, Sticky Slots Casino, Energy Casino, Silver Fox Casino, iGame Casino, Conquer Casino, MrVegas Casino, Vegas Winner Casino, DrueckGlueck Casino, Mail Casino, Jetbull Casino, Phone Vegas Casino, Casino Big Apple, Oreels Casino, No Bonus Casino, Casino Jefe, NordicBet Casino, KaiserSlots Casino, AHTI Games Casino, Spinson Casino, LuckyDino Casino, SpinRider Casino, Viking Slots Casino, Spin Fiesta Casino, 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