What are the Malta Gaming Authority Casinos?
MGA stands for Malta Gaming Authority. This organization ensures the regulation of different sectors of the gaming industry. It also prevents crimes, corruption, money laundering and provides transparency to players. They keep fairness in the industry when you are playing on a gambling operator page.
The Malta Gaming Authority (MGA casino) regulates most forms of gambling in the country and international online casinos. This includes casino bonuses, deposit bonuses, amusement and slot machines, betting offices, fantasy sports, and lotteries.
The MGA casino jurisdiction was among the first regulators to propose legislation about online gambling companies and create a secure atmosphere for old and new players.
Lotteries and Other Games Act, 2001, and Chapters 438 and 400 of the Laws of Malta Gambling Act are a comprehensive set of legislation that regulates the industry to play in the best MGA casinos.
Online gambling in MGA casino sites has grown tremendously since 2001, with the industry generating over 12% of the country’s GDP.
MGA Casinos – License Fees & Requirements
The Malta Gaming Authority has a set of license requirements, which are applied to all Swedish casino operators. These requirements are listed below:
- Company formation.
- Company registration with the MGA (for the MGA licensed casinos).
- Licensing application form and annual renewal fees.
- Corporate governance standards.
- Payment of annual fees by 31 December every year.
- Annual reporting to the MGA by 31 January every year.
The fees can go from €10,000 to €25,000, and the tax benefits can go up to 5%.
Advantages and Disadvantages of MGA
All online gambling sites that have an MGA license are expected to create a diverse selection of games like casino slots or video slots.Unfortunately, some operators in Sweden can’t meet the high requirements, but those with this license are also getting some benefits that can be shared with players who gamble in MGA casinos.
Advantages of A Casino MGA License:
- There are two types of licenses for casinos that are available for Swedish players: B2B and B2C, with a renewal time period of 5-10 years. Both offer protection for online casinos so they can focus on growing their business.
- The MGA casino license provides numerous payment methods that allow you to start earning your own money as soon as possible along with clear anti-money laundering policies to help you stay safe and maintain responsible gambling.
- Licensed casinos also can make advertising within the European Union and the Swedish market.
- The Malta Gaming Authority has among the lowest gambling license fees. Also, MGA licenses are not taxable in the European Union, which can be a big advantage if you want to expand your business and be part of the MGA casinos.
- A point we have to emphasize is the excellent customer support services that work with licensed businesses and help them better provide their services.
- Online casinos with an MGA license are staffed with professionals with deep knowledge and experience in the gaming industry with international casinos.
Disadvantages of MGA:
- The MGA license allows online casinos to receive players from over 180 countries. However, there are some places where MGA casinos can’t be accessed because they are banned. In this case, they would need to get the licenses that have access to those countries if the online gambling site wants to keep growing.
- In MGA casinos, licenses can be more complicated to obtain. For example, the application process is long and fees are higher.
- Operators who want to obtain an MGA license now must send a representative directly to the organization to have the license that is being issued. It can be inconvenient because many operations must take place there.
Who Are MGA?
It is important to note that Grupo MGA is not linked in any way with the Malta Gaming Authority: they are a group founded in 1976.
Group MGA, a Spanish company and one of the oldest in the history of game providers, has been present in some of the most innovative poker machine releases, such as the first-ever land-based slots machines. They have been making new releases for slot machines, roulette, and bingo games.
Group MGA presented a solid batch of casino games so far and has formed some partnerships with companies like Playtech and Quickfire software to develop new content and to expand their reach.
This opened them up to foreign casinos outside the Spanish market and granted them access to casinos without a license in several popular cities.
Grupo MGA Company Details
| Company Name: | Grupo MGA |
| Address: | Parc Tecnològic del Vallès Carrer Fargaires, 1-3 08290 Cerdanyola del Vallès Barcelona-Spain. |
| Website: | mga.es/en/ |
| Games: | 40 |
| Established: | 1976 |
| Phone Number: | 935824555 |
| E-mail: | [email protected] |
| Offices in: | Barcelona, Spain |
Payment Methods Supported by A Casino MGA
Casino players in an online casino with an MGA license can make a minimum deposit, have tax-free winnings, convenient promotions, a fast claim, easy sign-up, and more benefits.
Below we have a comprehensive list of the most reliable payment options for Swedish, UK players, and worldwide gamblers.
E-wallets
E-wallets are becoming more and more popular among MGA online casino players. It’s a fast, convenient way to pay for services and goods, and provides the ability to make purchases from nearly any device.
Balance is replenished automatically each time you make deposits. Withdrawals are similarly processed in 24 hours or less and you can claim with fast withdrawals.
There is no need to link your bank account to your e-wallet. This helps protect personal information, including any card data you may upload, in the event of a data breach.
Most companies with licensed casinos that accept players from many countries use PayPal as their preferred payment gateway to make faster deposits.
They also provide Swedish players with Skrill and Neteller, which offer speedy money transfers and a wide variety of instant banking options if you want to start playing with your first deposit.
Credit Cards
The two most common credit cards are Visa and Mastercard, which are widely accepted in the industry. Online casinos frequently use one of these credit cards to complete deposits from Swedish players. The most common cards are Visa, Mastercard, Maestro, and American Express.
It is one of the simplest payment methods if you like wagering in casino games, as the level of security in banks here continues to be maintained at a high level.
Cryptocurrency
Cryptocurrencies have become increasingly popular as a payment option at many MGA license casinos. Many Swedish players are drawn to this payment method due to the anonymity it provides, low fees, and fast processing times.
Players can transfer funds into online casinos by using cryptocurrencies faster than with any other method.
This guarantees that the money is transferred fairly and transparently. For example, Bitcoin and Litecoin can be used as a currency in online casinos and get a deposit bonus or deposit free spins from promotions.
If you are a fan of bitcoin and cryptocurrencies, as well as indifferent to online gambling, check out the bitcoin casinos in Sweden
Casino MGA Games
Games at online casinos that possess an MGA license have a variety of rules and regulations creating an immersive experience for Swedish players who want to win real money while playing for fun and entertainment.
These are the different types of games that you can play at MGA licensed casinos:
Slots
Casino slots gaming may be the most popular and common game that you can play at an MGA casino’s website.
They are played on a screen that displays a spinning reel and symbols that can be won or lost depending on the matching of the symbols.
This online gambling game consists of the players placing their bets on either one or more than one line at a time and they can continue to do so until they run out of money or their luck runs out. You can enjoy free spins that you get from a welcome bonus.
Blackjack
Blackjack is a card game of skill and strategy in which two players compete against one another.
If you choose to play this game, first you need to know the object, which is getting close to 21 points without going over. The player with the highest score will be winning the game.
Roulette
Roulette is a game of chance where a ball spins around on a wheel and players can place their bets on where it will land.
In the past, people had to rely solely on luck and memory to remember what number it landed on. After a few winnings, you can receive and enjoy a few free spins or bonus money for keeping wagering at the online casino.
Craps
Craps is a dice game loaded with the best odds in town. It’s an exciting game that can be played by two or more players.
The object of the game is to guess which way the dice will stop rolling. There are no wagering requirements for this game that has good odds to win and the player can place the bet on either side of the betting line.
Baccarat
Is a gambling game that you can find at any online casino in which gamblers bet on the outcome of the game. It is played with two decks of cards, one containing an odd number of cards and the other containing an even number.
The goal is to have your hand with two or three cards and beat the dealer’s hand, who plays with just two cards.
Video poker
Video poker is a popular form of online casino gambling even on casinos without licenses. The game involves a player selecting five cards from a deck of 52 cards and then being given the option to discard one or more cards.
Video Bingo
Is a variation of the traditional bingo game that you normally find at casinos in Sweden. The only difference is that you are playing at an online casino and also you can watch videos instead of playing cards.
The game consists of two rows, one for your cards and one for your video clips and you can win by getting 5 in a row on the card row or 5 in a row on the video clip row.
If you choose to play this game, you can be rewarded with bonus money to keep wagering on the online casino of your preference.
