Malta Gaming Authority (MGA)
The Malta Gaming Authority was established in 2001 by the Government of Malta. It was still called the Lotteries and Gaming Authority at the time, but except for a name change with a new logo in 2015, nothing has changed. The MGA is the controlling body for games of chance in Malta. And deals with both online and land-based gambling games. So whether it’s casinos, arcade games, slot machines, bookmakers, fantasy sports or lotteries, they all have something to say about this.
The MGA is one of the strictest authorities in Europe when it comes to offering games of chance.
The MGA cannot enforce any operator to return stakes that have been voluntary placed and lost in a fair game. But it can provide advice and assistance in enforcing the deposited money and the actual winnings and aids in dispute resolution with players and its licencees when necessary.
In addition, the new gambling law in Malta introduces “a duty of care for operators”. The MGA license holders are expected to monitor players’ gambling habits. Look for signs of problematic behaviour and intervene when necessary. The MGA licences several well-known online gambling companies.
Malta is also an attractive destination for Casino operators because of its relatively low taxes and other additional costs. Unlike many other Jurisdictions – with the exception of Costa Rica, of course, but those licenses there do not represent any value. For this reason, it is quite possible that a Casino – which could be licensed in several places – simply chooses Malta to save costs.
When it comes to protecting players, and their money of course, Malta is quite thorough: they require a monthly report showing the current state of the player’s balances, as well as the balances at the bank accounts that the Casino uses to report the player’s balances. store. In addition, Casinos must also submit their gaming logs and game transactions to the MGA for inspection once a month