Online gambling has evolved alongside the internet. High-tech developments and innovations in the past few decades have led to certain legal challenges. In order to prevent illegal gambling and organized crime, regulators have created gambling control commissions and boards which issue licenses to face those challenges and protect players.
Among the many licenses that oversee several jurisdictions, the UK Gambling Commission and the Malta Gaming Authority are among the most trusted. The MGA (Malta Gaming Authority) is a very well-respected organization that licenses many casinos across Europe, giving them enough credibility in a market where casino frauds are getting increasingly more common.
What is the Malta Gaming Authority?
The Malta Gaming Authority, formerly known as the LGA (Lotteries and Gaming Authority), is the main Maltese gaming control board. The MGA regulates all gaming activity on the island of Malta, including land-based and online gambling services. The board was formed in 2001 and is one of the first regulators to offer legislation that controls online gambling. The formation of the MGA was a logical step considering the fact that the online gambling industry has grown a lot since 2001, now contributing up to 12% of the country’s GDP.
What does the MGA deal with?
The Malta Gaming Authority deals with licensing and regulation of gaming providers including protection of minors and vulnerable person. The license also ensures the integrity of games and gaming devices, the protection of a player’s funds, and safeguards the player’s rights in an online casino. Additionally, the MGA ensures that the licensee ensures compliance with gambling laws and makes sure all activities are free of crime.
Of course, the Malta Gaming Authority can’t help you get back funds you’ve staked and lost in a fair game, but it will assist in enforcing actual winnings and help resolve disputes between players and casinos.