Malta Gaming Authority - Online Casino License
The Malta Gaming Authority, also simply referred to as MGA, sets the regulations and rules that all online casinos have to comply with in order to acquire a gambling license. The goal of the Malta Gaming Authority is to protect the players of online casinos, and to encourage online casinos to better themselves and the experience that they offer.
A safe, fun and secure environment is driven by a set of fair rules that online casinos must follow and comply with. The Malta Gaming Authority license is the most popular European casino license and surprisingly is the only one to include the word fun, as one of its main aims. The MGA is an independent regulatory body that has a credible reputation for governing in the online casino industry. The MGA ensures that gaming is transparent for the player, while preventing money laundering, corruption and crime.
Rules and Regulations
The rules and regulations must be followed in order for an online casino to gain a license from MGA. These rules state that an online casino must have an age verification process in place. As a standard, a person must be over 18 years old to play in an online casino, although this may differ in some European countries that enforce an over 21 age requirement.
The regulations require the online casino to have an identity verification process in place. Under this process, a copy of a passport, driving license or a national ID card is required. These documents are stipulated because they are official government issued documents that verify a player's age and name.
To stop people from creating a fake account and persona, a utility bill or bank statement is required. Fraud is further protected against by requiring a copy of a credit card or debit card, if these are to be used to move funds into an online casino.
License Registration Process
In order for an online casino to gain a license they must ensure that players create a genuine account through a sign up process, which prevents the use of fraudulent or invalid details. The online casino must verify the player’s name, residential address and their date of birth. The online casino must verify and check these details through a KYC process (Know Your Customer). This must be followed, and once completed the player can play in the online casino and withdraw their winnings.
Where the KYC process falls in the online casino experience is, however, up to the individual casino. In some cases, a better experience is offered by allowing the customer to sign up, deposit and play at the casino without having completed the KYC process. This is then enforced prior to funds being withdrawn. Implemented in this way, a road block is in place to prevent fraud.
Different Types of Casino Licenses
The Malta Gaming Authority governs and provides four different types of casino licenses. These casino licenses are labelled as the Class 1 license, the Class 2 license, the Class 3 license and the Class 4 license:
- Class 1 license - The Class 1 license is a remote gaming license that lets the operator manage their own risks for repetitive games.
- Class 2 license - The Class 2 license is a remote betting license that lets the operator manage their own risks in terms of events based on a match book.
- Class 3 license - The Class 3 license allows the operator to promote gaming from Malta or in Malta, under the circumstances where a commission is earned through promoting the games.
- Class 4 license - The Class 4 license permits the operator to manage and host remote gaming operators.
The MGA licenses are good for online casinos and their players because they ensure that the iGaming industry improves itself, while at the same time protecting the interests and security of players. The MGA can look into complaints from players at specific online casinos and offer help. The contact information is on the MGA website.
Casinos must have deposit, bet and loss limits. These protect players from themselves in case they have a gambling problem. The bet, deposit and loss limits are instigated with a timeframe, letting the player set the number of hours per month, week or day that they can play in the online casino. It is also possible for players to exclude themselves from play on all gambling sites that are governed by and hold a MGA license.
The Malta Gaming Authority should, however, only be contacted in the case where a player believes that the online casino has broken the terms of their license. Under this scenario, the player should first attempt to resolve any dispute with the online casino. If a resolution isn’t reached then the player can contact the MGA for help.