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Malta Gaming Authority is one of the European supervisory authorities that licenses online casinos, among other things. There are many laws and regulations regarding the operation of MGA online casinos or the provision of casino software and there are different licenses for different products.
The Malta Gaming Authority (MGA) is the local regulatory body responsible for all online and land-based gambling in Malta. It also acts as a global remote gaming operator through its online gaming licences. This site and the brand Speedy Casino is run and operated by Hero Gaming Limited. The address to the company's head office is Hero Gaming, Level 0, Spinola Park, Triq Mikiel Ang Borg, St Julians SPK 1000, Malta. Speedy Casino is licensed by MGA (Malta Gaming Authority) with the registered number MGA/CRP/253/2013, issued on the 23rd May 2019.
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Casinos licensed by the MGA are listed here. Every casino has a review with detailed information about payments, bonuses and conditions.
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Not every company can get a license from Malta, there are regulations and requirements that must be met before a license is granted. Operators who do not comply with regulations or do not offer their players a safe gaming environment, including the payment of legitimate winnings, will have their licenses revoked.
Malta Gaming Authority: All the details about the authority
Safe online gambling is not possible without a regulated framework. Each player should only play with one provider if it has an official license from a regulatory authority. This is the only way to ensure that everything is going well when playing and that the players can actually rely on possible winnings. One of the best-known and most respected regulators of all is the Malta Gaming Authority, also known as MGA for short. In the following, we have taken a very close look at the authority and its work and list the ways in which the players are helped.
The MGA was originally founded as the Lotteries and Gaming Authority (LGA) in 2001. It regulates land-based casinos, sports betting, fantasy sports, lottery games and online gambling for B2B (business-to-business) and B2C (business-to-customer) services.
How reputable is the Malta Gaming Authority?
The MGA is arguably one of the most famous and respected regulatory authorities in the world. Countless online casinos are based in Malta so that they can be licensed and regulated by the MGA. Therefore, players can play with confidence when they discover a casino with a license from the MGA and want to try it out.
The four different licenses of the MGA
MGA offers its customers four different concessions, depending on the field of activity. In detail these are:
- Remote Gaming License
- Remote Betting License
- Promote gaming
- Host and Manage Operators
The Class 1 license is available for providers of casino games and lotteries, the Class 2 license for providers of sports betting, the Class 3 license for affiliates and the Class 4 license is aimed at hosters of online gaming providers. Of course, a provider can also have multiple licenses if it offers different branches of gambling.
Requirements for the applicant’s share capital
Each applicant must be able to provide evidence of the required minimum share capital for the license categories mentioned above at the MGA in accordance with the desired license. As a rule, the share capital must have been deposited in full and in cash in the licensee’s account:
What criteria are the licenses based on?
The activities of the MGA lead to some advantages for the players. So the protection of the players is very important.
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This applies to potential gambling addiction as well as to protection against criminal activities, for example before selling or hacking personal data such as credit card information.
Another criterion for granting a license to a provider is the fact that the player’s credit is kept separate from the casino’s assets. This protects the money from attacks by criminals and the credit can be refunded in the event of the online casino’s bankruptcy.
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One of the most important things in online gambling is the use of a random number generator. It is present in every game and ensures that all events are purely random. If a casino tries to manipulate the random number generator and the MGA finds out, the casino loses its license.
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Advantages and disadvantages of the Malta casinos with a valid MGA license
At this point in our overview of the MGA license you should already have a good overview of the history and legal regulations of the Maltese gaming license. Overall, it can be stated that the online casinos and sports betting providers based in Malta follow strict laws and regulations. The following table shows the most important advantages and disadvantages of an MGA gaming license:
Procedure in the event of problems
If a problem arises – such as a win that has not been paid out – the player can contact the MGA. The best way to do this is to go to their website, find the contact information and write an email or call. The MGA will then inspect the online casino. If the suspicion is confirmed and there is actually a problem, the company will lose its license for the time being.
Players shouldn’t be afraid to contact the MGA if they have any problems, because that’s what they’re there for. It is the purpose of the authority to ensure a fair market and weed out black sheep. Using the wrong license number is a problem that can certainly arise. Because usually the license number can be found at the bottom of an online casino’s website. But you cannot always rely on their accuracy. Therefore, players should go to the MGA website and check the list of licensed casinos to check that the numbers match.
MGA Casinos payment options
If you want to make a deposit and play at an MGA casino, there are many other payment options available to you. Here you can find out more about them and then decide which one you like best. Some of our most common categories deal with credit and debit cards, electronic wallets, prepaid cards, and of course, cryptocurrency. Each of these payment options has advantages and disadvantages and you have to find out which payment option suits you best. Depending on the casino, fees may apply for some payment options. So it can’t hurt to use different methods. The most popular payment options at MGA Casinos are currently:
- ecoPayz
- ETH
- Trustly
- Instant bank
- PaySafeCard
Summary
The casino veteran of course also knows the MGA and its licensed old and new online casinos. Some say that he only plays in such casinos, but we think it’s a legend because the casino veteran is always open to smaller regulators. In any case, playing in a casino licensed by the MGA is a safe bet, as everything is done properly and the players’ data and money are protected as well as possible.