New MGA Casinos: Licensed by the Malta Gaming Authority (All Sites)

MGA Licensed Casino Sites Introduction

Choosing the Best MGA-licensed casino can be overwhelming, but we are here to help you. We know that every casino player has reached Malta’s gaming license at a certain point when playing, thus we offer the easiest way to choose among the new MGA casinos in 2023.

Read below so you can find out more about the license categories and the new MGA casinos that players and businesses search for. 

Moreover, we devoted a whole section to the new MGA casino of the month. Yes, you read that right! Kakadu Casino is our top pick, but we couldn’t keep a secret. There is one more newbie that we are very excited to tell you about. Bingo Bonga Casino is the brand new MGA Casino 2023 landing and spreading in this license group with its upcoming features and exciting bonuses. 

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 all of the new MGA casinos in 2023. It also includes 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 started working 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 the activities of online gambling domains. It aims to offer a secure gambling atmosphere at MGA casinos for online players. The online industry regulates most of the online regulations, directives, and legislations. In other words, this includes the Lotteries and Other Games Act 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.

MGA Gaming Regulations

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 first published in 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 licenses who operate remotely.

The Organization

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 it 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 boards 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. They certainly implement the programs and events of the authority too. Moreover, they 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. This is a small board of members to take care of small work. 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 its 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 guides all applicants who wish to acquire gaming licenses.
• Its rules aim to protect player funds and 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.
• Players’ rights are safeguarded; in case of complaints, an 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. A new law has also been enforced 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 behavior 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. 

For instance:

• 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. The gaming tax, however, is capped, especially for remote gaming operators. Even 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 that 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 also well regulated, safeguarding the interests of players as well as that of operators. The country has excellent technology as well as 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 main licensing bodies for online casinos. Their comprehensive laws, directives, and licensing norms ensure that all and even the new MGA 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 fee regime under MGA.