Regardless of whether you are experienced or new in online gambling, there is a good chance that you may have come across the MGA Casinos. Remember that MGA-licensed casinos are considered to be the trending and most popular sites online. Therefore, this licensing body is associated with reputable and reliable online casinos.
There are many good reasons why you should use MGA casinos. This includes tax-free payouts, a wide range of casino games, and security. Besides this, there are a couple of things you should know before you decide to use MGA casinos. This post explains what you need to know about MGA casinos.
The Malta Gaming Authority
The Malta Gaming Authority (MGA) refers to a licensing body that was launched in 2001. This body is considered to be one of the pioneers of online gaming legislation. Initially, the licensing body focused on iGaming legislation. Besides regulating land-based casinos, it also issues licenses for both land-based casinos and iGaming.
Therefore, as a casino regulating body, MGA performs a wide range of specific responsibilities. These include licensing online casinos and monitoring their activities, collecting taxes on casino games, investigating complaints made by players, administering changes in gambling laws, protecting the rights of players, and many more. Above all, the body makes sure that the players are safe and secure and ensures the players’ money remains safe.
Why you should use MGA-licensed casinos
Nowadays, the truth is that some of the safest online casinos are MGA-licensed casinos. This is because the body is known for its tough regulations and rules. Operators who desire to get a license from this licensing body have to send information about their business practices. After this, while the application process is going on, the licensing body requires the applicant to provide estimates of their business profits and costs. Further, the applicant needs to give information about their business plan.
Casino operators need to provide several details to get their business licensed under this body. This includes documents that prove that the business owner doesn’t have a criminal record, a business plan, details of gaming software utilized, and many more.
MGA is focused on protecting the rights of players. Therefore, they make sure that online casinos operate in such a way that they protect their players. This is the reason why the body makes sure that the applicants for an MGA license have to demonstrate that they are protecting their players. Here, you can find luotettavat nettikasinot.
One of the ways the body protects the players is by having an anti-money laundering policy. You should note that Malta Gaming Authority is a member of the European Union. This makes them follow directives so that they can prevent money laundering practices. The body also belongs to the MONEYVAL. This organization conducts self-assessments as well as mutual exercises to make sure that casinos are following money laundering practices.
Aside from this, MGA makes sure that all online casino games provided by casino operators follow fair gaming practices. As a result, they can test random online casino games to ensure that independent audits are carried out on the games regularly.