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The MGA is the regulatory body responsible for overseeing and licensing all gaming activities in Malta, including online gambling. To obtain an MGA license, operators must meet strict criteria and undergo a rigorous application process.
The application process involves submitting various documents, including a business plan, financial projections, and a technical setup report. Operators must also demonstrate that they have sufficient funds to operate the business, and they must provide evidence of their company’s legal structure and ownership.
Furthermore, operators must adhere to strict compliance requirements and ongoing reporting obligations, such as regular audits and financial reporting. Failure to meet these obligations can result in the revocation of the license.
In summary, obtaining an MGA license is a challenging but worthwhile endeavor for online gambling operators. With the right support and guidance, operators can achieve this highly valued license and benefit from the increased legitimacy it provides.
The MGA was one of the first regulatory bodies to fully embrace online gambling and has since become a leading authority in the industry. The MGA’s B2C licenses are divided into four classes.
This license covers online casino games, including table games and slots.
This license covers online sports betting, such as fixed odds betting and pool betting.
This license covers peer-to-peer (P2P) gaming, poker networks, and skill-based games.
This license covers software providers who supply gaming platforms to operators.
Each class has its own specific requirements, and operators must meet these requirements to obtain the appropriate license. The MGA’s B2B license, on the other hand, allows software providers to supply gambling materials to operators holding a Class 1, 2, or 3 license.
Malta’s hospitable government, thriving technology sector, and business-friendly environment have made it an attractive destination for online gambling operators and service providers. The MGA’s reputation as a leading regulatory body has only served to enhance this appeal.
The Maltese government has been very supportive of the online gambling industry, and this has been a key factor in Malta’s success as a leading iGaming hub. The regulatory restructuring in 2018 simplified the licensing regime and streamlined the tax system, making it easier for operators to do business in Malta. The elimination of the gaming tax was particularly significant, as it reduced the financial burden on operators and encouraged more companies to set up operations in Malta.
Despite the elimination of the gaming tax, the Maltese government continues to generate significant revenue from the industry. In 2019, the gaming industry contributed €80 million in compliance contributions, license fees, levies, and consumption taxes. This revenue has been used to fund various social programs and public services, such as healthcare and education, benefiting both the Maltese people and the industry.
Overall, the Maltese government’s hospitality towards the iGaming industry has created a mutually beneficial relationship between businesses and authorities, contributing to Malta’s success as a leading iGaming hub.
MGA’s reputation extends beyond the legitimacy it provides for online gambling operators. The MGA is widely recognized and respected by other regulatory bodies around the world, which has contributed to its international reputation as a leading regulatory authority in the online gambling industry.
For example, the MGA’s presence on the United Kingdom Gambling Commission’s “Whitelist” allows MGA license holders to advertise in the UK market, which is a significant advantage for operators seeking to expand their reach. The MGA has also established bilateral agreements with other regulatory bodies, which often involve cooperation in areas such as information sharing and enforcement.
In addition to these agreements, the MGA is a member of various international regulatory networks and organizations, including the International Association of Gaming Regulators (IAGR) and the Gaming Regulators European Forum (GREF).
These memberships enable the MGA to share best practices and collaborate with other regulatory bodies to improve the industry as a whole.
Overall, the MGA’s international reputation has contributed to its success as a leading regulatory authority in the online gambling industry, providing a significant advantage for operators seeking to expand their business and demonstrate their legitimacy.
The MGA has a strict set of licensing criteria that operators must meet in order to obtain a license. The specific requirements vary depending on the class of license being sought, but generally include the following:
The time frame for obtaining an MGA license can vary depending on several factors, including the complexity of the application, the quality of the supporting documentation, and the responsiveness of the applicant to requests for additional information.
In general, the MGA has established a target processing time of around 12 weeks for complete applications, though this can vary based on the specifics of each case. Applicants should be prepared for a rigorous and thorough review process, which may involve multiple rounds of questioning and documentation requests.
It’s important to note that obtaining an MGA license is a significant undertaking that requires a substantial investment of time and resources. To ensure the best possible chance of success, applicants should work with an experienced advisors who can provide guidance on the application process, help prepare the necessary documentation, and navigate the complexities of MGA regulations.
Our dedicated support team is at your service. Please feel free to send us an email or submit your inquiry through our online contact form for assistance.
Our dedicated support team is at your service. Please feel free to send us an email or submit your inquiry through our online contact form for assistance.
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Our team of highly experienced professionals have a comprehensive understanding of iGaming markets and provides specialized guidance and support.
