A Beginner’s Guide to MGA Online Casino Licenses
Currently the Malta Gaming Authority (MGA) is considered as one of the most reliable and popular authoritative bodies in the sphere of online gambling. MGA license is proof of the Reputable, fair and safe gambling tradition of the MGA is known and many players around the globe trust gambling sites licensed and regulated by the MGA. You will find below a detailed overview of what an MGA online casino license is and why it is important.
What is the MGA?
The Malta Gaming Authority is the official gaming commission which was set up in 2001 to regulate all the games of chance in Malta including on line casinos. Its function is to regulate the gaming sector by maintaining highest standards of the fairness, security and the prevention of gambling addiction.
Types of MGA Licenses
According to the type of gaming business the MGA issues different types of licenses to the applicants. For online casinos, the most relevant types include:For online casinos, the most relevant types include:
B2C (Business-to-Consumer) Gaming License: This is the license issued to operators that conducting online casinos. It enables them to provide their players with games such as slots, table games, live dealer games, and many more.
B2B (Business-to-Business) Gaming License: This license is for software providers who offer games, platforms and other related services to licenced operators.
Question: Why Should One Choose an MGA Licensed Casino?
Player Protection: Existing MGA licensed casinos have to meet certain guidelines related to the protection of their end-user. This ranges from ensuring that all players play fairly and are not cheated by bookmakers, protection of players money and players’ responsible gambling.
Trust and Transparency: To ensure that casino operations are transparent the MGA performs regular audits on the licensed casinos. In case of any problems, the players can report to the MGA and the body has always been known to handle complaints fairly.
Security Standards: The MGA license obliges casinos to employ such security precautions as encryption and firewalls to safeguard players’ information and transactions.
Anti-Money Laundering (AML) Compliance: The MGA also makes sure that its licensees conform to the union laws on anti-money laundering to protect the financial networks employed in the offering of web based gaming.
The Licensing Process
As earlier established, getting an MGA license is a process that does not joke with anyone. Online casinos must submit detailed applications that include:Online casinos must submit detailed applications that include:
Proof of financial stability.
Detailed business plans.
Idea on how they are going to demonstrate the technology and the security measures they envisage to employ.
Pre-employment screening on all parties involved in the provision of the services.
However, after the MGA grants the license, it will periodically evaluate the casino to ascertain whether or not it complies with the stringent terms that define eligibility for a casino license.
Benefits to Players
But for the players there is a comfort in opting for a casino MGA-licensed in their country/region. It is something they understand they are playing on equal standing as well as on a secure platform. Moreover, MGA licensed casinos have to provide clients with facilities for the promotion of liability and reducing gambling temptation, such as self-exclusion feature and deposit limit.
Being an MGA licensed online casino is an approval of credibility and reliability in whatever a casino does in the gaming industry. Thus, the players can remain calm because their money and personal information are safe while they have an opportunity to play a vast number of games on reliable and non-cheating platforms. For operators, the license means the door to credibility and a massive audience worldwide among several advantages of an MGA license.
It means that you should always check whether the online casino that you are willing to try is MGA licensed because it is your guarantee of quality and security.
