What Are MGA-Licensed Casinos and Betting Sites?
The Malta Gaming Authority (MGA) is like the watchdog of the gambling world in Malta. Basically, they make sure everything’s fair and square, and that players like us are protected while we’re having fun online. Regular audits are conducted by the authority to monitor all licensed gaming establishments.
Now, here’s the cool part – the casinos and betting sites licensed by the MGA have to follow some super strict rules. They’ve got to play fair, protect players, and make sure people are gambling responsibly. Plus, they offer all sorts of sports betting markets and games, from slots and table games to live dealer games.
If you want to see the whole list of MGA-licensed casinos, it is pretty easy. You can just hop onto the official Malta Gaming Authority website. They’ll give you all the info you need, like what games are on offer, what bonuses you can get, and how you can make payments. Or you can just select a betting site from our list, and you’ll be in safe hands.
MGA Betting License Requirements
When a casino gets a license from the Malta Gaming Authority (MGA), it’s valid for five years.
For starters, the casino’s gaming servers and database have to be in Malta, and they need to have a physical presence there too. Plus, one of the big bosses from the company has to work there.
Now, getting the license isn’t a walk in the park. First, the casino has to present its business plan to show how it’s going to benefit Malta. If the MGA likes what they see, they’ll give the casino a “Letter of Intent,” which is like the first step towards getting the license. After that, it’s all about making sure the gaming software checks out.
During the second phase of the licensing procedure, the betting firm begins offering its services while its software undergoes continuous inspection. This phase usually spans approximately six months, and upon its completion, the firm is granted the license.
How Safe Are Betting Sites Licensed in Malta?
The MGA is like the guardian angel of online gambling in Malta. They’re responsible for making sure that all the companies running casinos and betting sites there are legit and following the rules.
So, when you see that an online sports betting site has an MGA license, you can breathe easy knowing it’s a safe bet. The MGA has super strict standards, and they keep a close eye on everything to make sure it’s all above board.
But the MGA doesn’t just oversee sports betting. They’re in charge of everything from card games to casino games too. It’s all part of their big plan to keep players safe and sound while they are having fun online.
So, next time you’re looking for a place to play, keep an eye out for that MGA license.
What Alternatives Exist to MGA Online Bookies?
Apart from Malta, there are also other trustworthy gambling regulators. If you see a gambling site with their licenses, you can be sure they are safe for having fun and offer cool things like bonus amounts, bets on major sporting events, reasonable odds, and more, just like MGA casinos do. Here is the list of licenses that have high value in the remote gaming industry.
Curacao Betting Sites – Curacao eGaming License
There are many Curacao-licensed bookmakers. Bookies with Curacao licensing are usually betting sites without Gamstop. Their registration process is fast and simple. The bookies offer a range of sports, casino games, and esports.
UKGC Bookies – United Kingdom Gambling Commission License
The UKGC is the British Gambling Commission, an independent gambling regulator in the UK. It licenses, regulates, and supervises all gaming activity within the UK. UKGC bookies offer a range of products, including online casino games, sports betting, bingo, and more.
USA Bookmakers
The US has some of the most restrictive laws regarding online gambling, but it does allow for sports betting on certain websites. These sites must adhere to strict guidelines set by local regulators and comply with federal law concerning gambling transactions. The US has hundreds of online sportsbooks, so it’s not hard to find an option that suits your needs perfectly. You can look for casinos licensed by the Nevada Gaming Control Board, New Jersey Division of Gaming Enforcement, Pennsylvania Gaming Control Board or Colorado Division of Gaming.
Gamble Responsibly
When betting online, it’s crucial to have fun, play responsibly and stay safe. So, keep a few key points in mind:
- Set clear limits on how much time and money you’re willing to spend on betting. Stick to a budget you can afford to lose.
- Understand how the odds work for different bets. Be realistic about your chances of winning and avoid chasing losses.
- Take regular breaks from betting to maintain perspective.
- If you’re on a losing streak, avoid betting more to recoup losses; this can lead to bigger losses.
- Avoid alcohol and drugs during betting activities, as they can lead to impulsive decisions.
- Seek support from friends, family, or professionals if you feel your gambling habits are getting out of control.
- Use responsible gambling tools offered by MGA-licensed casinos, such as deposit limits and self-exclusion options.
- Remember, gambling should be entertainment, not a way to make money.
Betting Sites Based in Malta: FAQs
Where can a Malta Gambling License be used?
The gambling license can be used in any country of the world as long as the operator has a valid license from the Malta Gaming Authority (MGA). Any operator who is licensed by this authority can offer their services to players all over the world.
Are MGA betting sites safe?
Yes, MGA betting sites are safe as the MGA licenses them. The MGA has a strict set of requirements that all operators must meet before being granted licenses to operate in Malta.
Can players expect a good level of customer support from MGA-licensed betting sites?
The Malta Gaming Authority imposes regulations that often include requirements for betting sites to provide adequate customer support. MGA-licensed operators are obligated to respond promptly and resolve issues efficiently. However, the actual quality of customer support may vary between different betting sites.
What is the price of obtaining an MGA license?
Generally, the fees of an MGA license can range from several thousand euros to tens of thousands of euros. Additionally, there are ongoing annual fees to maintain the license. The exact cost will depend on factors such as the type of gambling activity (e.g., online casino, sports betting), the scale of operations, and any additional services required.
Which is the best MGA-licensed betting site?
The MGA has granted licenses to numerous excellent online betting sites over the years, but we consider Goldenbet to be the best. It provides competitive odds, a wide range of betting markets, a generous welcome bonus, and various tools to promote responsible gambling.
How to deposit money at casinos licensed in Malta?
Log in to your account and visit the cashier section. Choose your preferred deposit method, enter the amount you wish to deposit, and follow the on-screen instructions to complete the transaction. Once confirmed, your funds should be available for use in your casino account.
Are there any new MGA casinos you can recommend?
7Bets.io, listed among our recommendations, is one of the best new MGA casinos, offering a fantastic sportsbook and generous sports and casino bonuses for newcomers.
