With the introduction of the German State Treaty on Gambling again, a whole series of players are asking themselves the question of how the individual licensing protects them. What do MGA casinos offer you in terms of security for advantages over providers with overseas license from Curacao? How does an online casino with an MGA license differ from one with a German license? What does a provider have to provide in order to get an MGA license? We bring light into the darkness!
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What is a casino with Malta license?
When we talk about MGA casinos, we mean online casinos that are secured by a gambling license from Malta. The Maltese Gambling Authority is, so to speak, the authority that issues licenses for online casinos throughout Europe. At the same time, it controls and regulates the providers to whom it has issued a license. They can be contacted, for example, if players believe that the casino has not paid out winnings illegally. They then act as intermediaries and can also make the casino act customer-friendly. They are, so to speak, a contact point for customers who have problems with the online casino.
At the same time, a special certification and licensing procedure is used. This means that online casinos that want to have a Malta Casino license must meet a number of requirements. We will also present the individual requirements that an online casino license from Malta entails in detail in the course of the guide. Before the Canadian casino license, the Malta license was one of the safest. If you compare all the licensing at that time, the MGA casinos offered the highest possible protection. At the same time, this licensing cost an online casino with an MGA license the most. So it was the most expensive option for the online casino to get a license.But since it was also the license with the best reputation, many online providers were willing to incur these additional costs. To date, the Maltese gambling Authority awards licenses to the best MGA casinos. And to this day, it is still possible to contact the responsible persons of the licensing authority via their online portal if there are problems in one of the MGA casinos.
Online Casino with MGA license: The main task of the MGA
MGA casinos are not only provided with licenses by the Maltese gambling Authority, but the authority controls and regulates the provider. This is the definition of the MGA Casino license. This means that it issues gambling licenses to online lotteries and online casinos as well as bookmakers. She is committed to the protection of minors and to the protection of people at risk of gambling addiction. It monitors and controls the licensee, so that it is guaranteed that new online casinos with an MGA license also comply with the rules.
It ensures that the games of chance offered are safe and fair. As we have already mentioned, they are committed to protecting the rights of the games. Here there are also reserves that a casino must deposit when issuing a license, so that the licensing authority can theoretically pay customers out of this money. The authorities make sure that the online casino complies with the rules for irresponsible gambling. Say that the casino offers limitations and co. It prevents fraud and money laundering. And the MGA is committed to the positive influence of the gambling sector.
How MGA Casinos Get Their License
An online casino with an MGA license must first apply for licensing with the Maltese gambling authority. Here, a distinction is made in different classifications of the license. The first class is the most extensive, with this it is allowed to offer all kinds of gambling. Sports betting then falls into class two. The class three of the top MGA casinos is one of the poker licenses. And the fourth grade is special. Because a licensee can offer gambling with you, but may not be the operator of the gambling site himself. So these are software manufacturers and game providers who have their games certified through this licensing.
Then there are special classes: class one to class four means that it is a combination of option one and option four. And class three to class four was a combination of the two with a focus on a commission system. To apply for the individual essences, the providers need a certain share capital. License class one and two require CA$ 100,000, three and four CA$ 40,000. 1 on 4 is then CA $ 100,000 again and 3 on 4 is 40,000 again. In the classification, the providers have to undergo an extensive test. The audit authority controls the provider.
You must present a business plan and you must meet the requirements for ongoing operations. This means, for example, a sufficiently extensive customer service. Finally, compliance checks and system checks are carried out and only then is the license issued.
How secure is the Malta license?
Very safe. At an online casino with a Malta license, we are talking about one of the safest licenses in the online segment. The authority has been taking care of the licensing of gambling providers for over ten years. They know exactly what an offer has to look like in order to be classified as safe and reputable. To date, this licensing is considered very safe. With the license it is not possible to cover crypto games and cryptocurrencies. Since the corresponding is currently in the favor of the players, the casinos with Curacao license, which allow the corresponding, are currently experiencing a revival.
Which license is better: Malta license, Schleswig-Holstein license or Canadian license?
Now we still have to clarify the question of which licensing is actually the best. New MGA online casinos can be classified as very safe. The federal state of Schleswig-Holstein has granted Canadian gambling licenses for a while. However, only citizens from Schleswig-Holstein online casinos protect. This means that only players who live in the state of Schleswig-Holstein could actually play on the portals. For them, however, this license was considered one of the safest. Because in this case, the Maltese authority did not take care of the concerns of the players if there were problems with the provider. In this case, the Ministry of the Interior of Schleswig-Holstein was responsible.
Since June 2021, the Canadian State Treaty on Gambling has been introduced and Canadian licenses are now coming to us. They are also to be regarded as safe. However, these not only entail the license, but also, for example, restrictions, such as the 5 second rule or the 1CA $ bet limit. Since MGA Casino without a 5 second rule have (still) an advantage. A gambling authority has opened in Halle an der Saale, which will issue Canadian gambling licenses from 2023. From July 2023, the authority will take action against offers that do not have a Canadian license. This should then affect all MGA casinos and also the Curacao providers. Until then, we still consider the Malta license and the Curacao license to be sufficiently secure.
✅ Advantages of MGA casinos | ❌ Disadvantages of MGA casinos |
---|---|
✅No 5 Second Rule | ❌Only possible until 1.7.2023 |
✅No 1CA$ bet limit | ❌In the event of legal disputes, Maltese law applies |
✅Very safe | ❌No office in Canada |
✅Player Protection features | ❌No focus on Canadian customers |
Conclusion: Online casinos with MGA license still offer top levels of security & service
The year 2023 will once again bring changes for the German gambling market. We will publish this guide in February. Until July, everything will remain the same here as explained in this guide. We cannot yet say how the segment will develop in Canada in July and how the authority will take action against providers with an EU license. But at the latest then we will expand our guide. We do not yet know whether the GGL (Canadian Gambling Authority) will then block MGA casinos, or how to proceed here to exclude the providers. Until then, you can bet on the Online Casino Malta license in Canada without any problems and you are on the safe side.
FAQs about MGA Casinos
💰 How much does the Online Casino license Malta cost?
Casinos that obtain the Maltese license usually have to prove CA$ 100,000 equity as well as 5% reserves of the share capital. The balances must be in escrow accounts, so that the provider can not run away with these.
💳 Why are there Visa but often no Mastercard in MGA casinos?
For a while, the credit card providers refrained from covering online casinos. This has changed again in the meantime and there is no blanket rule that one of the two providers is generally no longer available.
💡Who should I contact if I have problems with an online casino with a Malta license?
You can fill out a contact form on the website of the Maltese gambling authority and they will then contact you or solve the problem with the online casino.
❓ Why is there such a license chaos at the moment?
Because the Canadian policy really wanted to introduce the Canadian gambling license and passed this law last year. At the same time, however, he was unable to set up an authority that would implement the law in a timely manner. The authority is just under construction and will not start its services until 2023.
⚖ Are MGA Casinos 100% safe?
As long as Canada's legislation does not change here, you can bet that these providers are 100% safe. The Maltese gambling authority has shown over many years that it is on the side of the players and is able to get big providers to solve problems of the players out of the world. Usually to the satisfaction of the players.