About casino with MGA license
MGA licensed casinos are like a security net for the punters when it comes to finalizing an online casino. MGA is the world’s most prestigious gambling authority and makes stringent rules to make online casinos a safer place to bet.
The MGA license is considered one of the most reliable gaming licenses, and hundreds of online casinos have the MGA license. The company ensures to entirely safeguard the players by ensuring that players’ fundamental rights are adequately exercised.
Whether you are a veteran or a newbie in the online casino industry, the MGA license is the first thing you search for, but are you sure that you know everything about MGA licensed casinos?
If not, then we have got you covered! We are mentioning an in-depth overview of MGA works. What are the benefits of betting on an MGA licensed casino, and how does it protect online punters? For your help, we have also included an outline of the top MGA licensed casinos that are worth betting on.
Short introduction about MGA
MGA is the acronym for Malta Gaming Authority and was started in 2001. Initially, it was named as the Lotteries and gaming authority. It was among the initial pioneers in the online sports and gaming world.
It was in 2015 that they decided to rebrand themselves and changed their name to Malta Gaming Authority. This was a dynamic shift for them as they moved from land-based casinos to the world of iGaming.
Today they are ruling both the land-based and iGaming industry.
What are the duties and responsibilities of MGA?
MGA has the following responsibilities as a casino regulating body.
- License online casinos.
- Collect the gaming taxes on behalf of the Malta government.
- Patrolling all the casino operators with MGA licenses.
- Making sure to investigate complaints filed by players.
- Administering responsible gambling.
- Not letting the innocent and vulnerable people suffer.
- To make sure that online gambling adds up positively to the country’s development. Ensuring the complete safety and security of the online punters.
- Keep a check on the player’s funds and make sure that their deposits and withdrawals are safe.
Why is MGA the license all the punters are looking for?
The MGA license is widely known as the world’s safest license for online casinos because of the demanding rules and regulations. First, the applicants need to submit a complete account of their business practices to apply for the license. Then, while the application process continues, applicants need to provide an estimated cost of the profits and their entire business plan.
Here are some of the basic requirements to obtain the MGA license.
- Documents supporting that the owners of the company do not have a criminal history.
- Entire business plan.
- The notarized copies of the owner’s passport.
- Bank reference from the owners.
- Details about the gaming software being used.
- The hosting of gambling operations must be in Malta.
How does MGA protect the players?
MGA is all about the protection of the players. They have strict policies to make sure that all the players are safe and protected online. For instance, if there is a Canadian casino that is looking forward to applying for the MGA license. First, they need to make sure that they are protecting their players from all angles and then make sure that they follow all the guidelines issued by the MGA.
Here is how MGA ensures the complete protection of its players.
- Protecting the players with strict regulations
The player protection regulations were set by MGA in 2018 and work through a Unified self-barring process and protect the players who are vulnerable to gambling; for example, MGA sets the maximum deposits and asks the players to set the limits when they register on casino sites. By putting these limits, MGA makes sure that players are gambling responsibly. In addition, as there is a rise in casinos accepting cryptocurrencies, MGA has to ensure that all players use cryptocurrency appropriately to place bets.
- Fair Gaming
MGA ensures that all the casino games offered at the MGA casinos provide fair gaming. They do this by regularly testing random games, and everything involved in determining the outcomes on the site is fair.
- Anti-Money Laundering Policy
As MGA is a member of the EU; therefore, they have to follow all the directives to prevent money laundering. Also, MGA is a member of MONEYVAL, who is responsible for conducting mutual and self-assessment exercises.
- Responsible gaming foundation
To promote responsible gambling, MGA partnered with the ministry of family affairs and social solidarity. Their main objective is to spread awareness on how irresponsible gambling can be dangerous.
Best MGA licensed casinos
By now, you must be excited about betting on the MGA licensed casinos, and who wouldn’t be! Nobody likes to miss a chance to have some fun without any security issues.
We have gathered all the best MGA licensed casinos on our list below with the handing help of our friends at mgacasinoutanlicens.com and casinofox.se. These two sites mention the best tips, online casinos, and everything related to MGA casinos.
Leo Vegas is one of the most exceptional casinos in the online betting industry. Not only it claims to be the king of mobile betting, but it also offers more than 2000 casino games. The casino site enjoys a good reputation worldwide and comes under the best online casinos. So if you are one of those players who love to place bets on mobile phones, then this is the place for you! Although promotions are not that huge because let’s face it, people come to Leo Vegas for the experience.
- World-class mobile gambling experience.
- Huge selection of online casinos games.
- Secure payment options.
- Customer care is simply superb.
- Comes with a live betting function.
- Sports betting feature has been recently launched; therefore, it does not include many options.
- Promotions are limited.
Genesis is a new space-themed online casino in India. Though it is a new casino, it holds a tremendous international reputation. Genesis Casino is a grand online casino with a great selection of games. Genesis Casino is entirely dedicated to the Indian players and has a complete section for Indian players.
- Has a dedicated casino section entirely dedicated to the Indian players.
- The VIP section has exclusive rewards and prizes.
- Has a great selection of casino games.
- Customer care is incredibly supportive.
- Payment options are secure and reliable.
- Welcome bonus wagering requirements are too high.
- Withdrawal is a time-consuming process.
Unibet is a top-rated and reliable online casino in India. It enjoys an outstanding international reputation and has some fantastic features.
The platform welcomes players from around the world with great bonuses. The online betting section is quite comprehensive but offers a clean betting experience.
- Great selection of slot machine games.
- Fantastic selection of promotions.
- Customer support is available 24*7.
- The site is neatly designed.
- A variety of payment options are available.
- Setting up the account can take some time.
- Customer service can be a bit slow in resolving the issues.
MGA casinos are the most reliable and trustworthy casinos globally because they adhere to the strict rules and regulations laid down by the Malta gaming authorities. A license from the MGA is an assurance that players will not suffer any financial frauds, data breaches, cyber frauds. Also, MGA licensed casinos allow all the players to gamble care-free because they support fair gaming.