MGA Casinos: Licensed by the Malta Gaming Authority
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Online Casino Groups with MGA License
- Aspire Global International
- Avento MT Limited
- Bayton Limited
- Bethard Group
- Bintpash Ltd Casinos
- BML Group Ltd. Casinos
- BP Group Limited
- Condor Malta Limited
- Dazzletag Entertainment limited
- DialMedia Limited
- DigiMedia Limited Casinos
- Elmount Limited
- EGMIT Elite Ltd.
- eSport Entertainment (Malta) Ltd.
- Full Force Gaming Group
- Glitnor Services Ltd.
- Gammix Limited
- Genesis Global Limited
- Green Feather Online Limited
- Hero Gaming Limited
- Karamba Limited
- L&L Europe Limited
- Maltix Limited
- Marketplay LTD
- N1 Interactive Limited
- One Click Ltd. Casinos
- Reward Group LTD Casinos
- Romix Limited Casinos
- Rush Gaming Limited
- Rootz Limited
- SuprPlay Limited Casinos
- SkillOnNet Limited
- Tau Marketing Services Ltd
- TrueFlip Gaming Limited
- ProgressPlay Limited
- Vita Media Lab
- White Hat Gaming Limited
- Winzon Group LTD
MGA Licensed Casinos Introduction
Regulated gambling and businesses became a big source of income for wealthy merchants and this also resulted in illegal stuff. To bring things under control different bodies and countries set up their regulatory authorities, such as the MGA. This is a gambling regulatory authority from Malta because this has become the biggest hub for casinos and gambling site operators, including content creators and software providers in the iGaming market today. They offer a lot of licenses and different types of licenses to allow businesses to legally set up their offices and operate from their jurisdictions. Because of this, they have a lot of privileges too in distant markets that do not have such regulatory bodies to control gambling.
History of MGA
This organization was formed in 2001 with an aim to regulate different sectors of the gaming industry. Its licensing norms help ensure transparency and fairness for players. It also helps prevent crime, money laundering, and corruption. MGA’s licensing norms are also towards protecting vulnerable and minor players.
This organization was one of the first regulators who offered legislation for regulating activities of online gambling domains. It aims to offer a secure gambling atmosphere at MGA casinos for online players. Most of its regulations, directives, and legislations are directed towards regulating the online industry. These are as per the Lotteries and Other Games Act which was passed in 2001 as well as Chapters 400 and 438 which lay down the Laws of Malta. The Malta gambling sector, mainly consisting of online domains, has grown immensely, since the year 2001. The industry today generates about 12% of the GDP of the country.
Today Malta has several online casinos under it that are either based out of Malta or offshore. Many of these casinos have registered offices in Malta. There are several advantages that casino operators gain when they operate from the island. Malta is uniquely positioned as an ideal place for the iGaming industry to flourish. The gaming framework is robust and has been around since the year 2004.
Gaming or gambling companies that are in Malta are under the regulations of the Malta Gaming Authority or MGA. This organization implements remote gaming regulations which were first published in the year 2014. Malta is the first state of the European Union to allow remote gaming to be regulated. The 2014 laws were repealed by another set of laws implemented under the Gaming Act of 2018. After that Malta provides two types of licenses, B2B and B2C.
B2C license is mainly given as per the type of games that an operator provides. This kind of license usually means that an operator does not need to apply for a new license every time a new game is released. They can add different games to their catalog and not have to go through the licensing procedure every time.
As of today, Malta regulates over 500 gambling operators and gaming companies. Over the last few years, there have been additions of nearly 200 gambling providers as licensees who operate remotely.
Malta Gaming Authority of MGA is the board of governors appointed by the Parliamentary Secretary for Financial Services & Digital Economy in the country. Their primary and sole responsibility is to oversee the strategic development of the authority or body and develop its core principles. It must ensure that the developments are in order of the preamble and they must also develop policies that will manage the overall risk and profit to the government. Currently, Ryan Pace is the chairperson of this body, and together with 8 other board of directors, they manage the complete functionality and operations. The CEO of the board is Cari Brincat. The whole board or MGA has a specific structure and hierarchy to govern the associated policies.
Structure of MGA
The executive structure of the body maintains that it can make things possible for businesses to do well in a controlled setting. There is the Executive Committee which is responsible for the execution of the authority’s overall policies and strategic vision of maintaining good regulation. The Board of Governors maintains strict discipline and vigor in the words. They are also responsible for the day-to-day activities of the body and implement the programs and events of the authority. They also have their separate members and a group of eight people to manage the services. Then, in the following hierarchy, the license is managed by an Audit Committee. Because of this, they are always at the forefront of the operations most of the time.
The Audit Committee consists of chairperson Deal Hili and a group of 4 other members and this is a small board of members to take care of small works. Their role is important because they assist the Board of Governors of the MGA to ensure good governance in the corporation and maintain fairness in the structure. They oversee management, finance, accounting, and so on to maintain goodness. Then, the internal controls depend on them too. The process and accounting department reports the financial gains and losses. The internal audits also make a good mark on them. The audit committee is authorized to process everything from internal responsibility to the preparation of their annual agenda. There is also a Supervisory Council for similar works and then a Compliance and Enforcement Committee. They all help govern the basic principles and strategies of the Authority and manage their operations worldwide.
Functions of the MGA License for Players and Casinos
The organization aims to do the following:
- Provide licenses and regulate gaming operators.
- Protect vulnerable persons and minors and ensure that gaming takes place in a safe, responsible environment.
- It provides guidance to all applicants who wish to acquire gaming licenses.
- Its rules aim to protect player funds, ensure that all payment processes remain secure.
- The integrity of gaming devices and games is ensured with audits and independent tests that check the randomness of results.
- Monitoring is done of licensee activities to prevent non-compliance.
- Player rights are safeguarded; in case of complaints, the investigation is done on licensees, on behalf of players.
- Monitoring is done to ensure that no criminal activities are carried out.
MGA does not enforce any operator to compensate players who lose in fair games. However, it does provide assistance and advice when it comes to monetary deposits and in case there are any disputes as to actual winnings. There has also been enforced a new law which makes the operators take on a caring stance towards players in their domain. MGA licensees are expected to monitor the gambling habits of players and look for signs of addiction. They are supposed to intervene and help limit such behaviour among players.
Advantages of MGA Licensed Casinos
There are several advantages that MGA offers gambling operators. These also translate to benefits for their players as well.
Gaming Taxes Are Low for MGA Casinos
As with other jurisdictions, gambling operators such as Gammix casinos need to pay a tax as well as a fee when they apply for a license. The gaming tax, however, is capped, especially for remote gaming operators. Though they need to pay 5% of the revenue they earn, the amount is capped at the maximum figure of €460,000.
Licensing Fees Are Cheaper for MGA Casinos
When compared to other licensing bodies, Malta’s licensing fees are cheaper. If one wishes to acquire a B2C license then operators need to pay an annual fee of amount €25,000. B2B license fees are low as well but they tend to vary. These can be in the range of €25,000 to €35,000. However, as per the annual revenue of the operator, the licensing fee can be reduced.
Location Advantage for MGA Casinos
This is another aspect that MGA licensed casinos enjoy, especially those who have their offices in Malta. This island state, located in the Mediterranean Sea, is a member of the European Union. This makes all Malta-licensed operators free to operate in all EU countries. Also, the country has well-established laws for gambling as well as to prevent money laundering. The iGaming segment is well regulated also, safeguarding the interests of players as well as that of operators. The country also has excellent technology and telecommunications systems in place. Hence, all gambling and gaming operators can run their operations smoothly from here.
MGA License for Casinos Conclusion
Malta Gaming Authority is one of the stalwarts licensing bodies for online casinos. Their comprehensive laws, directives and licensing norms ensure that all casinos under them protect the interests of players. They can be assured of a safe, secure, and enjoyable gambling environment. Also, MGA provides several advantages to casinos that are licensed under it. Those companies which have offices in Malta can enjoy superior technology and infrastructure for carrying out their operations. Remote licensees can enjoy a low tax and fees regime under MGA.
License Relationship Management System: Applying for License
There are several bodies that take care of managing the license procurement process. But, with the specific objective to simplify the license management system, MGA came up with this committee. They help in procuring big licenses from various jurisdictions, new businesses and offer them legal permission to operate in their country. As the gaming sector, casinos and gambling, even lotteries are a big venture in Malta, it is prosperous in many ways. They work under the Gaming Act (Cap. 583 of the Laws of Malta) and other applicable laws in place. Because of this, we refer to them as Regulations. The regime adopted by MGA is neutral to technology and games and is therefore applicable irrespective of the gambling business you are in. So, any game that you can securely offer through their compliant Regulations, MGA will consider it for granting permissions, licenses, and other legal proceedings.
MGA Casinos Application Process
The complete process involves a lot of steps starting from filling the online form to receiving the final certificate. It eventually makes a big difference because it is the bigger picture and allows companies to establish a thorough audit process. Because of this the big and small B2B players get a different format for their specific license type, and they don’t need to compete on the same level. This is a good thing for small and medium companies, like start-ups. For example, for them to get the license, they have to provide different documents, required information, and so on. This is a list of instructions that you will find on the page. They usually do 4 checks to figure out the best candidate.
- Correct implementation and testing, in a technical environment. This checks for what type of application is presented before the license goes live.
- Operational and statutory requirements to meet the obligations prescribed by law and policy.
- Correct business strategy from the applicant.
- Verification that the applicant is fit and proper to conduct gambling business.
Application stages include the below process. MGA or Malta Gaming Authority conducts a proper verification process of all the information it receives starting from persons involved in the company, financing, management, and their records. Also, they check for the viability of the business to operate in their environment. Secondly, a part of this is that MGA conducts a probity investigation with other national and international regulatory bodies to learn about the applicant, as well as use enforcement agencies to conduct investigations. Because of this, they maintain strict checks. And, getting a license can be tough too.
The MGA also carries an in-depth financial analysis of the applicant’s business plan and invokes records. Therefore, it is mandatory that every applicant’s business plan must include a detailed forecast of their profits and gains during the operation. It must also involve cash flow, profit, and loss, balance sheet, distribution, and marketing along with other details if necessary. Because of this, MGA is a sought-after agency for licensing.
The MGA Casinos applicant is examined based on its capability to conduct the gambling business in an ever-competitive market, because of which growth targets are important too. The Government takes charge and fees as profits from allowing these ventures to use their locations. Now, the process even includes examining the records like documents related to the incorporation of the company, their rules and policies, terms and conditions, games offered by them, controls, and technical documentation of their processes. A lot of details go into the services. Below are the different types of licenses from MGA.
MGA Gaming Service Licence for Casinos
This is the most common type of license with various categories that businesses apply for.
· Type 1 – Minimum €100,000
The companies that offer “Games of chance” played against the house. Here the result is determined by a random number generator or RNG machine or algorithm, and they include all types of casino games, such as roulette, blackjack, baccarat, poker, and also, lotteries, secondary lotteries, and virtual sports games.
· Type 2 – Minimum €100,000
The companies that offer “Games of chance” played against the house, same as above. But, here the outcome is not generated randomly from an RNG but is determined by the result of an event or competition outside the main game of chance and the operator manages their risk by managing the odds offered to the player. It is more of a skill-based outcome than pure randomness and probability.
· Type 3 – Minimum €40,000
These are also “Games of chance: but not played against the house and the dealer or operator is not at risk of loss. Because it generates revenue by taking a commission or other fees based on the stakes or the prize money, it is a more flexible and easy-going gambling game. And they include player versus player or P2P games such as poker, bingo, real money betting exchange, and other commission-based games.
· Type 4 – Minimum €40,000
Critical Gaming Supply Licence is another form of gaming license offered by MGA in the below category, with a Minimum €40,000 investment.
Systems Review at MGA Casinos
Systems Review is an important step because this involves a lot of verification too. After all, businesses and applications must meet the following requirements as well. They have minimal deviation criteria too because MGA expects them not to be 100% compliant. But, if significant changes are available, then they cannot pass. Hence, MGA proposes a test where once the MGA Casinos applicant has passed the above stages, they are invited to present their business operation in a technical environment in preparation to go live. And, this is like a final test. This involves a 60-day test including they must complete their technical roll-out and if unsuccessful the application will be cancelled automatically. But, they can re-apply and go through the whole process without any problems. In addition, during those 60 days, the applicant can also take the help of a Service Provider from MGA to carry out an internal system audit free of charge. This allows them to verify their business model against a live environment and check its feasibility.