The gambling industry has evolved from the stagnant structure of brick and mortar gaming venues to the innovation of eGaming that primarily relies on high-tech innovations to enhance player interactivity. The high-tech innovations also make it possible for gaming to be available anywhere and anytime. Click here if you want to know best crypto online gamling sites.
💸 What is Malta gambling commission?
Malta gambling commission is working in Malta gaming authority, which protects casino and sports betting players from the risks of gaming. It's not a for profit organisation and responsible for issuing gambling licences.
💸 What is biggest gaming companies Malta?
💸 How much Malta gambling license cost?
Malta gambling license fee which should pay gambling companies is €25,000.
💸 What is MGA licence requirements?
The process for getting MGA gaming licence is not so easy, so this licence is valuable. Companies should pass several stages of legalization and when gambling sites get 5 years permission to operate.
💸 Best betting companies which have MGA licensees?
These developments and innovations have resulted in new challenges in terms of defining the legal parameters. Regulatory authorities are increasingly recognising the usefulness of having a holistic, effective and legislative framework as well as a corporate structure that allows them to face emerging issues and new challenges head-on.
Malta Gambling License Information
A license from the Malta Gaming Authority is the Industry gold standard. Popular across the world, a gaming platform operating under the supervision of this regulatory organisation will find lots of doors opened to them. Also, they'll find it easier to enter third party agreements, open bank accounts and provide their services to international customers.
However, all of these goodies come at a price. The application process of the Malta gambling license is not only complex but also costly and lengthy. In order to get the license, the applicant will need to submit lots of paperwork, attend in-person meetings with the regulators and be patient enough. The Malta gaming license is a perfect match for well-established brands or big gaming companies looking for an EU home. So Malta gaming authority casinos and betting sites are well trusted companies.
Malta Gaming License Cost
Like other EU gaming licenses, Malta gambling license cost is higher than other offshore licenses. The license is more suitable for large and well-established operators who have enough funds and the experience to go through the whole application process. However, there are some start-ups with specific EU target markets and a larger budget that do opt for the Malta gambling license, and they're confident that it is a perfect option for them.
To obtain the license and take good care of other corporate services, a company must be prepared to budget more than this. Additional costs include setting up payment providers, compiling documents, costs associated with audits, opening bank accounts, paying incorporate fees and professional service fees.
Each gaming company has different needs, requirements, structures, visions and obligations. As such, the Malta iGaming Authority is highly flexible and can offer a tailor-made solution that provides exactly what a company needs within its budget.
MGA Gaming License Requirements
The procedure for obtaining a MGA gambling license is in-depth and more stringent compared to other jurisdictions. This's because the MGA betting and casinos licenses are highly prestigious; therefore, thorough checks and processes need to be conducted. In this section, you will get to know the requirements of the Malta gaming license, which include the following:
✔️ A valid police good conduct certificate which is not older than three months for every applicant and owner. ✔️ Original bank references of all applicants/owners dated not older than three months. ✔️ Passing a proper and fit test. ✔️ A detailed business plan. ✔️ All gaming servers and operations must be within Malta. ✔️ Details of all third party agreements and gaming software. ✔️ A software and compliance audit. ✔️ Notarised copies of passport of all applicants/owners.
Benefits of the MGA License
MGA license comes with a massive array of benefits for both players and operators. Here are some of the main benefits of holding a Malta Gaming License and playing on a platform that is licensed and regulated by this authority.
Benefits for Operators
- Player trust.
- Gaming friendly.
- Tax benefits.
- Access to more customers.
Benefits to Players
- Excellent player protection.
- Fair gaming.
- Lots of markets and payment methods to choose from.
- A fair and secure gaming environment.
- Operator accountability.
- Player funds separated from company money.
Sports Betting Companies in Malta
Malta is the official capital of online gaming and betting. It has been the centre of attention for Malta gambling sites and betting aficionados for many years. It is a small nation, but it's a giant in the online betting and gaming industry. Hundreds of sportsbooks and sports betting companies in Malta hold licenses from the Malta Gaming Authority that ranks among reputable regulators not only in Europe but also across the world.
All betting sites Malta offer the best gaming experience for both punters and MGA casinos game enthusiasts. The companies offer excellent payment methods, lots of markets to choose from, 24/7 support services, mobile compatible platforms, and lucrative bonuses and promotions.
The Most Reputable Online Betting Malta Company
Malta Gaming Authority only licenses and regulates reputable gaming companies. And one of these companies is Pinnacle (read his – Pinnacle sports betting review). This company has been enjoying a massive customer base from Europe. Below you will find some useful details about this betting Malta company.
Pinnacle is a reputable betting company that has more than 20 years of experience dealing with punters from over 100 countries. While the experience of the company means that it can provide its customers with exactly what they want, it also ensures that the gaming experience of betting on its platform is one of the best out there.
Everything from its easy-to-navigate sportsbook platform with a search feature to the data-rich stats centre and the purpose-built live centre are built with customers in mind. Additionally, the sportsbook offers the best bonuses and promotions, which range from welcome bonuses to existing customer offers.
Whether you love soccer, tennis, hockey, eSports, baseball, basketball, Aussie rules, boxing, cricket, golf, darts, hockey, cycling, politics or entertainment, you will find lots of betting options to pick from.
Future of Online Betting in Malta
The industry rise of betting in Malta is a success story, which continues to go from one level to another and strength to strength. Without a doubt, Malta has become a country of primary establishment for many operators with the online Malta betting sites industry. In Europe, the Malta online gambling industry and betting companies Malta has been steadily growing.
Seconded by Gibraltar and the UK, gambling companies in Malta has established itself as the capital of Europe in terms of online gaming. And in the near future, Malta gambling companies will become the silicon valley of the betting and gambling industry.