The Malta Gaming Authority offers four types of remote gaming licenses: Class 1 – a remote gaming licence (examples of Class 1 licences would include casino-type games and online lotteries) whereby operators manage their own risk on repetitive games.
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What is MGA?
The Malta Gaming Authority (MGA) provides one of the strongest reputations, for many casinos, when it comes to licensing and regulation of online gaming. The MGA is known worldwide for the service it provides.
The idea behind MGA is to competently regulate the different sectors of the gaming industry by ensuring that gaming is transparent to the players, while also preventing crime, corruption and money laundering.
In order to control the illegal selling of casino license, a number of laws and regulations have been constructed to create the regulatory framework that the MGA adheres to and is well-known for.
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The casino itself must have an age verification process in operation for every player, in order to acquire a casino license. This is in place to combat the unauthorized and illegal issue of under-age gambling
Types of Licenses:
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The MGA offers four separate types of licenses, the first being a Class 1. This is a remote gaming license where by the operator will manage their own risk on repetitive games. This license is most relative to online casinos and it`s also possible to have a class 1 on class 4 license, meaning that the licensee operates its games on the software of a class 4 licensee.
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A class 2 license relates to remote betting, for example fixed-odds betting, A class 3 is a license that allows the promotion of remote gaming in or from Malta, for example poker networks or peer-to-peer gaming, whereby operators receive a commission from promoting the games. And finally, a class 4 is a license to host and control the remote game operators, excluding the licensee. Essentially, software developers provide management and hosting facilities on their own platform.