Many online casinos in Malta must had gambling license. Especially for Malta gaming foreign company should take Malta gambling license. The reason for this is of course because the Netherlands does not currently issue a license for online gambling companies.
Many companies therefore focus on Malta, because that is where the gambling industry is organized and in Malta it is allowed to issue gambling licenses. The organization responsible for controlling the issuance of the license is the Malta Gaming Authority.
So, if the gaming company still run without license, they will named illegal act. They can be punished to pay amount of compensation
Malta Gambling License and Authority
The MGA was established in 2001 by the Government of Malta. At first it was called the Lotteries and Gaming Authority and in 2015 they had a name change and it has been the MGA ever since.
The licenses for online casinos are issued by the government of Malta and the MGA was created to ensure that the companies also adhere to the conditions. The MGA is therefore one of the stricter authorities in Europe when it comes to games of chance.
The permits are not issued just like that, you have to meet strict conditions for that. Safety for the players, so that they can exclude themselves and a fair course of play is therefore of paramount importance. Don’t hesitate to play at bandarqq and earn a lot of money.
The MGA also carries out regular checks to ensure that the companies that have a license actually comply with the rules. Casinos that fail to do this also run the risk of losing their license.
Malta Gambling License : The Main Task
There are the main tasks of the Malta Gaming Authority when issued the license. You must know on below:
- Protecting minors and vulnerable persons, and promoting responsible play in a safe environment.
- Licensing and regulation of gambling operators.
- Guidance and cooperation in all phases of the application process.
- Protection of player funds, ensuring that all deposits and withdrawals are safe and enforceable.
- Ensuring the integrity of games and gaming devices, through audits and independent testing facilities to ensure the randomness of the results of all games of chance.
- Monitoring licensee’s activities to ensure compliance.
- Protecting the rights of the players, through investigation of complaints about the licensees on behalf of the players.
- Supervision of the activities to keep the games of chance free from criminal activity.
Malta Gambling License is New Law
The Malta Gambling Authority (MGA) cannot oblige a casino to return voluntarily placed and lost wagers in fair play. But can provide advice and assistance in enforcing the deposited money and actual winnings and assistance in resolving disputes with players and its licensees when that is needed.
In addition, the new gambling law in Malta introduces “a duty of care for operators”. MGA licensees are expected to monitor players’ gambling habits, look for signs of problematic behavior and intervene when necessary.
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