Online Casinos with a MGA License
Malta Gaming Authority or MGA is the largest and oldest online gaming licensing body in the world. It was first established in 2001 in Malta. At the time, it was known as the Lotteries and gambling association. The aim of coming up with the MGA License was to check if online casinos are operating fair and honest. Later in 2015, it changed the name to the present MGA. Since its establishment, it has helped bring order to the iGaming world. Nowadays lot's of online casino want to have this MGA License but not all are allowed to! The following list contains the ten best Online Casinos with a MGA License:
MGA Malta Gaming Authority
Online gaming requires strict laws to protect players from scams. Among the key goals of MGA are honesty, care, responsibility, and integrity. Over the years, it still upholds its high standards and lives its mission. It prevents crimes such as money laundering and protects minor players. Additionally, it enhances responsible gaming, honesty and prevents corruption.
This body also regulates all online gaming activities. These include national lotteries, non-profit games, remote gaming, gaming devices, amusement machines, casinos, and broadcast media games.
Therefore, casinos trust MGA as a licensing body, due to its consistency in professionalism and accountability. Countries across the globe recognize the licensing body making MGA the leading gaming regulator in the world. Its popularity is due to its high standards of operation for all its legal casinos as MGA license holders.
MGA requires the following to issue license:
- The business must have enough funds to support the gaming business they would wish to run.
- It must also provide evidence of a clear leadership structure.
- They should prove to have the ability to provide online gaming services.
- MGA also investigates the owners to ensure that the institution operates within the law. It is also crucial that the holders don't show any link to unlawful activities.
Even after issuing the license, MGA keeps watch of its holders' operations. To achieve this, it ensures its casinos meet the required policy. It also takes clients seriously, and those who fail to meet the basic requirements risk losing the license.
Benefits of online casinos that have the MGA license
MGA ensures your safety in terms of personal data, fair play, and loss of funds. One fear you face playing online is the loss of funds. It gets worse if you fall for a scam. Players feel safe with MGA licensed online gamer as it takes care of their biggest worries as follows:
Loss of funds
Gambling takes money and time. You are, therefore, not likely to invest a large sum of money and time in an institution you don't trust. The highly valued MGA license gives players confidence to invest and enjoy online gaming without fear.
All MGA licensed gaming bodies are legal, and they are always players' first choice. As a result, these licensed businesses are more popular. Furthermore, due to their demand, they are likely to be faster paying online casinos.
It is part of the MGA requirements that the license holders separate players' money from the business running funds. This ensures that in case the business goes bankrupt, players don't suffer any losses.
In online gaming, you need to know that you have a fair chance of winning in your game of choice. MGA licenced businesses provide real and trusted gaming experiences to players. However, it is hard for you to tell when you receive fowl play in online casinos. For this reason, gaming bodies are likely to take advantage and rip off their clients. To counter this, the Malta Gaming Authority makes it a requirement for their holders to provide players with data on their chances of winning in a particular game. For instance, most games provide Return To Player (RTP) rates in their game description. RTP is the percentage of funds earned that go towards players' winnings in a particular game. By showing these levels of honesty with their players, the game providers build trust.
The policy of Malta Gaming Authority also ensures that all its licence holders comply with the personal data protection act. This policy protects and ensures personal data is safe from abuse.
Malta gaming authority holds all their licence holders liable for their actions. However, it lays out certain action steps for licence holders that don't follow the set policies. With this in mind, you are more confident in MGA licensed gaming companies. Players also have a trustworthy platform for reporting their concerns wherever they feel their rights are being inflicted.
Responsible gaming and the Malta Gaming Authority
Gambling addiction is a serious social problem that risks the finances and stability of many families. Therefore, Malta Gaming Authority also rallies for responsible gaming alongside the Ministry for Family Affairs and Social Solidarity to regulate gaming practices. Jointly, the two put up the Responsible Gaming Foundation in 2014. The body creates awareness for responsible gambling. It also helps and supports people suffering from gambling addiction towards recovery. Apart from this, MGA offers self-exclusion plan for players who feel they have a gambling problem. These exclusion periods run for six months, 12 months, or more. There is no need for medical records for players to join the program.