One of the most important aspects when choosing an online casino to play at is its license. Just like every other official product or online offer, having a license greatly improves the trustworthiness the product emits, making it more palatable for customers. While this of course also applies to online casino offers, it is actually more or less mandatory for online casinos to be licensed.
One of the most issued and popular licenses is the MGA license, which is issued by the Malta Gaming Authority. We will take a look at why the MGA license is so common and what makes it so special to be licensed under the Malta Gaming Authority.
The Malta Gaming Authority (MGA) was established in 2001 with the aim of regulating various sectors of the gaming industry under its authority. It plays a crucial role in ensuring that licensed gaming operations in Malta and especially Europe are fair, transparent, and in compliance with regulations. Here is an overview of the history of the Malta Gaming Authority:
Gambling activities in Malta started to be regulated in the 20th century with the introduction of the Lotto Regulations in 1921. However, it was in 2001 that the MGA was officially established as the gaming control board of Malta. In 2004, Malta began its transformation from a sleepy tourist spot to an international gambling hub. This transformation was driven by the establishment of the MGA and the introduction of favorable regulations and incentives for gaming companies.
Over the years, the MGA expanded its jurisdiction to regulate various forms of gambling, including both land-based and online gambling. It became responsible for overseeing the licensing and supervision of gaming operators, ensuring their compliance with regulations. The MGA places a strong emphasis on player protection, implementing measures to prevent crime, protect minors and vulnerable players, and promote responsible gambling practices. The authority works to maintain the integrity of the gaming industry and uphold high standards of player protection.
The MGA has gained international recognition as a reputable regulatory authority. Its licenses are highly regarded in the gaming industry, and many operators choose to obtain a license from the MGA due to its stringent regulations and commitment to player protection. The Malta Gaming Authority continues to evolve and adapt to the changing landscape of the gaming industry, ensuring that Malta remains a trusted and regulated jurisdiction for gaming operations.
Nowadays the MGA license is the epitome of safe and secure online gambling. Players that play at an MGA licensed online casino can absolutely rest assured that all of their won money is safe and will be paid out, under the condition that they are eligible to play and receive these winnings, meaning that they have not breached any terms of service. Furthermore, players will only be able to play licensed and certificated online slot games, assuring that all games are fair and cannot be rigged in any way.
The MGA license is highly regarded in the gaming industry for several reasons, making it special and sought after by operators. Here are some key factors that contribute to the special status of the MGA license:
The MGA is known for its rigorous regulatory standards, ensuring that license holders adhere to strict guidelines regarding fair gaming, player protection, and responsible gaming practices. Every online casino that does not comply to the strict rules and regulations of the MGA will never be able to hold the MGA license, which gives players and extra bit of security.
License holders are subject to regular audits and compliance checks by the MGA, which helps maintain a high level of integrity and transparency within the gaming industry. This is to ensure that every online casino offer that holds the MGA license will still comply to the rules and regulations of the MGA, even after acquiring the license. Because of these regular audits, online casinos that are keen to keep the MGA license are eager to stick to the rules of the MGA.
One of the main focus of the MGA is the protection of players and especially users that have issues with gambling or are not eligible to gamble at all. The MGA prioritizes player protection, implementing measures to safeguard the interests of players, prevent underage gambling, and address problem gambling issues. Every online casino needs to have tools that help players controlling their gambling habits or help identify minors that are not allowed to gamble in any way, shape or form.
The MGA’s commitment to upholding the highest standards of regulation and oversight has contributed to the trust and confidence placed in its licenses by operators and players alike. Over the past decade, it has become very clear that the MGA is the standard on which other license
The MGA continually adapts to the evolving landscape of the gaming industry, embracing technological advancements and new forms of gaming while ensuring that regulations remain robust and effective.
There are a lot of MGA licensed online casinos currently on the market. Some are better, some fall off im comparison to their competitors. That’s why we decided to make a list of the best MGA licensed online casinos you will currently find on the online casino market.
When discussing MGA licensed online casinos, it is essential to highlight the King Billy Casino. This particular online casino has been a prominent part of the N1 Interactive Ltd. group for an extended period. The King Billy Casino made its debut in 2020 and has continuously captivated players since then. This is achieved through an extensive array of bonus offerings and captivating features. Furthermore, the online casino consistently expands its range of offers from year to year. However, it is crucial to note that there are two distinct versions of the King Billy Casino. One is licensed under the MGA License, while the other holds a license from the Curacao eGaming License. To ensure that you are accessing the correct King Billy Casino, it is advised to scroll to the bottom and verify the presence of the MGA or Curacao eGaming sigil.
The King Billy Casino is particularly appealing to players who enjoy utilizing bonus offers due to its remarkably favorable bonus conditions. For instance, the entire welcome package only carries a wagering requirement of 30 times the bonus amount, and it is not bound by a maximum cashout rule. Coupled with a vast selection of games and minimal risk of violating the bonus terms, players are highly likely to have an enjoyable experience while playing with a bonus.
Widely regarded as one of the best, if not the best, MGA licensed online casino presently available, King Billy Casino stands out for its user-friendly nature, exceptional design, easy navigation, swift withdrawals, and verification processes. When combined with its diverse range of online casino games, this creates an overall pleasant user experience.
The BingoBonga Casino is a popular online gambling platform operated by the N1 Interactive Ltd. that offers a wide range of exciting games and attractive bonuses. With over 6000 games to choose from, players can experience the thrill of slot machines, table games, bingo, and live dealer games.
One of the highlights of BingoBonga Online Casino is its extensive collection of slot games. Players can enjoy a variety of themes and gameplay styles, including classic slots, video slots, and progressive jackpot slots. The progressive jackpot slots, in particular, offer the chance to win life-changing prizes.
In addition to the diverse game selection, BingoBonga Online Casino also provides players with interesting bonus offers and rewards. These bonuses will greatly enhance the user experience. And if you were lucky enough to land a big win, the verification and withdrawal processed at the BingoBonga Casino are very fast, so you will not have to wait long for your money.
Furthermore, as you might already have figured out, the BingoBonga Casino is licensed under the MGA license. The casino is licensed and regulated by the Malta Gaming Authority. This license ensures that the casino operates in compliance with the highest standards of fairness, security, and player protection.
Customer support is available to assist players with any queries or concerns they may have. However, it’s important to note that the customer support is not necessarily available 24/7, so you might have a problem if you run into an issue late in the night.
The Cookie Casino is another exciting online gaming platform owned by the N1 Interactive Ltd. casino group that is licensed under the Malta Gaming Authority. This licensing ensures that the casino operates in compliance with strict regulations, providing players with a secure and trustworthy gaming environment. It first went online in 2020.
As a licensed online casino, Cookie Casino upholds the highest standards of fairness and security. The MGA license underscores the commitment to responsible gaming practices, as well as the protection of players’ rights and funds. This means that players can enjoy their favorite games with the confidence that they are participating in a legitimate and regulated gaming experience.
In addition to its MGA license, Cookie Casino offers a diverse selection of games, including slots, table games, and live dealer options. The platform also provides attractive bonuses and promotions, such as a 100% first deposit bonus, as well as regular deals to enhance the gaming experience.
Furthermore, Cookie Casino prioritizes the safety and privacy of its players, employing advanced security measures to safeguard personal and financial information. This focus on security, combined with the MGA license, reinforces the casino’s reputation as a reliable and player-centric online gaming destination.
On the current online market there are two “competitors” regarding online casino licenses. One of them is the MGA license, while the other one is the Curacao eGaming License. Both of these come with specific up- and downsides. To show exactly these advantages and disadvantages we have come up with a list in which we compare the both licenses and tell you which one is better.
The MGA is widely recognized for its strict regulations and is considered a reputable authority for online gaming. On the other hand, the Curacao eGaming License, while being one of the oldest providers of regulated eGaming services, is known for offering a single type of online gambling license. It is favored by some operators due to its cost-effectiveness and uncomplicated application process.
Obtaining an iGaming license in Malta through the MGA allows operators to access the European market, providing numerous opportunities for operators targeting European players. Meanwhile, the Curacao eGaming License permits operators to target a global market, including players from various regions outside of Europe.
The process for obtaining an MGA license is recognized for being thorough and time-consuming. In contrast, the licensing process in Curacao is generally faster and less complex compared to the MGA license.
It’s important to note that the costs associated with obtaining and maintaining an MGA license are typically higher compared to the Curacao eGaming License. As a result, the latter is often viewed as a more cost-effective option for some operators.
The MGA has stringent regulations in place to ensure player protection and fair gaming practices, coupled with a robust dispute resolution mechanism. While the Curacao eGaming License does offer some player protection measures, it is generally considered to have less stringent regulations compared to the MGA license.
Now the question remains: Which license is the better one? To answer this question we have to look at two different viewpoints. First we will look at the view of the operators. For operators it is not so easy to tell which license is the better one. Both licensing options offer different advantages and disadvantages which come into effect once a license has been acquired. This is why it is utterly important for operators to think about which service they want to provide to which target audience.
From a player perspective the tendencies lean towards the MGA license just because of their strict safety rules and regulations. Players will never have to fear to be scammed or not receiving their money, as the MGA is eager to enforce these rules for player protection. Then again, MGA licensed casino are not always reachable from standpoints outside of Europe, and using a VPN is strictly forbidden in pretty much every MGA licensed casino.
Now that we have examined the differences between the MGA license and the Curacao eGaming License, the two main offers for an online casino license, it might look like that the MGA license is the only license that is actually trustworthy and prioritized by players. However, this is not the whole truth.
While it is true that the MGA license has the highest standards for player safety and protection, there are numerous other online casino licenses out there that have a fairly similar standard in terms of safety and security. The most trustworthy and renown online casino licenses are Gibraltar, Isle of Man, Malta, Alderney and Curacao. Now that doesn’t mean that online casinos that hold a license that is not listed here are not trustworthy.
It is always important to inform yourself which license an online casino holds. You will most likely be able to see that at the bottom of an online casino, where a sign is placed which indicates which license the online casino holds. Now some might have concerns that something like this could easily be faked, but don’t worry. Clicking on the sign of the license will redirect you to official websites that hold information about the validity of the license. This is the case for pretty much every online gambling license.
Just be careful that you don’t play in any online casino or online sportsbook that does not hold a valid license. These online casinos are not to be trusted, and usually have malicious intent for players that fall in their traps. They usually bait players with great bonus offers or fake games that usually cannot be played online. Playing at these online casinos will usually result in all of your funds being lost without you being able to do anything.