An MGA casino license is one of the non uk gaming licenses a casino operator can obtain. In fact, for the jurisdiction of Europe, MGA is included in a very short list of go-to licencing boards when a casino operator really means to take their business to the next level.
Every aspect of the online casino’s business plan is considered before a license is granted and each part of the casino’s operation is continuously monitored to guarantee an above-board service that can thrive for many years.
How to Obtain an MGA License
For complete information on how to obtain a MGA license, the licensing board’s own website has the entire process clearly laid out for interested parties. Here is the process in a nutshell, nonetheless. The first step is to go through a pre-application where an MGA representative gives a green light.
Once all is clear, a business should decide on a license type, provide all necessary paperwork and pay the associated fees. When all requirements are satisfied, a 10-year license is given, which can be renewed towards the end of the term.
Benefits of an MGA Licensed Casino
The benefits with a MGA licensed casino are many. For one thing, MGA is one of the most respected names in the online gambling world. Players, both old and new, often check for MGA before joining a casino. Some Maltese casinos are so called non Gamstop casinos and have decided not to be included in the self-exclusion scheme.
MGA also operates within the EU and casinos holding this license can operate in a broad range of countries – both within and outside of Europe. Taxes are also lower for casinos operating out of Malta since taxes are only collected from revenue. The ten-year gaming license and various license types are also beneficial.
Considerations for an MGA License
While there aren’t many risks with MGA licensed casinos, there are a few considerations to keep in mind before deciding to go with MGA for a gaming license. The primary one being that fees and application costs are slightly higher than those from other licensing boards with similar jurisdictional reach. One of the reasons for MGA’s success as a trusted licensing board is that the requirements they have for their licensees are quite strict. That’s great news for players, but it makes it is bit more difficult for online casino operators to keep their license.
Requirements to Maintain an MGA License
To maintain a gaming license from MGA, a casino operator must adhere to the stipulations laid out by Maltese gambling law found in the Gaming Act. Some of these are related to player responsibility, player fairness, and player rights, while others outline privacy and security issues.
A casino holding a license from MGA must regularly go through audits for its networks, software, and player protection strategies. The casino also must provide adequate protection to players who are disadvantaged, either from disability, gambling addiction, or any other at-risk party.
MGA License Jurisdiction
The MGA license jurisdiction is one of the most expansive in the industry. Players from nearly 200 players are admitted to play at MGA licensed casinos, which makes the license one to have if you are looking to reach the world.
There are some limits to who can take part, however. Due to conflicts between gambling laws Malta and elsewhere, players from select countries are not allowed to play at online casinos licensed by the MGA. A full listing of restricted countries can be found on the MGA website.
A license from MGA will certainly bring an online casino into the fold of top-rate casinos in Europe and beyond. Malta gaming law is on par with that of the UK and casinos with a license with Malta can easily get one from the UK as well to further extend its reach to new players from more countries. The strict licensing requirements instills trust in players, which is yet another factor that helps casinos holding this license catapult themselves to new highs within the industry very quickly.
When players see the MGA logo on the webpage of their chosen online casino, they instantly know that every part of their experience at that casino is going to be a positive one. Payments are always secure, personal data is always encrypted, and the games are always guaranteed to be fair and unbiased. To top it off, players also gain comfort from the knowledge that should any problem surface from their time at a casino licensed by MGA, part of the requirements set up by the popular licensing board stipulate that the casino offers help.