The Republic of Malta is an independent island nation in the Mediterranean sea. Tourism is a key sector of the country's economy. In addition, the local government is actively developing the gambling business, creating favorable conditions for foreign gambling operators. This activity will be discussed later in the article.
The Remote Gaming section of the Malta Gaming Authority's official website has a list of all valid license holders. There you will also find a list of operators whose licenses have been suspended and a list of scammers working on fake documents that mimic MGA licenses.
Among the licensees of the organization, there are such well–known operators as Betfair, BML Group, Unibet, Betway, Casumo, iGame Malta, Mr. Green, bwin.party, Wazdan, Yggdrasil, and other companies.
The most promising direction of this industry is the regulation of online gambling. Malta became the first member of the European Union, which at the state level began to issue licenses for the organization of online casinos and other virtual gambling establishments.
Currently, a government organization called Malta Gaming Authority issues four types of licenses:
Under MGA licenses, you can open almost any type of gambling establishment offering the following types of services:
An organization called Malta Gaming Authority is currently engaged in issuing licenses and overall control of gambling operators. "Act on lotteries and gambling" prescribes its main objectives and goals:
Competent to regulate the various sectors of the lottery and gaming industry covered by its powers, ensuring the integrity and transparency of the gaming process for players, preventing crime, corruption and money laundering, as well as protecting small and vulnerable players.
It not only issues permits but also monitors the integrity of operators, prevents money laundering, helps unprotected players, and so on.
Mga does not certify software.
It deals with customer complaints only when they relate to the licensing of establishments.
Since Malta Gaming Authority issues licenses of four classes required for the organization of different types of gambling, it is necessary to specify the conditions for obtaining documents in each case.
The rules are detailed in the thematic sections of the official website of the MGA. It also talks about the cost of all types of licenses. You can download the forms of all the documents that you need to send to apply in the downloads section.
The established requirements for licensees related to the size of the authorized capital, the system of measures to combat money laundering, the reliability of the software used, and so on.
An important factor is the mandatory location of the company's head office in Malta and the implementation of a significant part of financial transactions within the country.
After obtaining a license, the operator must fulfill a number of other requirements. They relate to proper financial reporting, proper protection of the personal data of customers, taking measures to combat the development of gambling, as well as many other aspects.
If the licensee systematically violates the established rules, the validity of his license may be suspended, or it may be canceled altogether.
|License types||Class 1, Class 2, Class 3, Class 4|
|Licensing Authority||Malta Gaming Authority|
|Website||https://www.visitmalta.com, https://www.gov.mt, http://www.mta.com.mt/|
|Post address||Building SCM 01, Suites 301-306, SmartCity Malta, Ricasoli SCM 1001, Kalkara, MALTA.|