The Malta Gaming Authority is growing faster than ever. When searching an online gaming site, players look for licensed and regulated platforms under the top authorities. Moreover, gamers from Europe get many extra benefits on offshore licensed platforms.
The number of licenses issued by the Malta Gaming Authority has seen a rise in the past few years. Currently, a large number of European online gaming companies are getting licensed under the MGA instead of getting licensed under the European regulators. There are many reasons behind this shift, including the strict regulations in the European iGaming market.
Malta Gaming Authority has gained much popularity due to its credibility and reliability in the industry. Many European companies see the advantage in moving their operations away from the other European authorities. As Malta is also a respectful member of the European Union, companies find it more reliable than the other offshore regulators. Currently, all the notable and famous online gaming sites possess licenses from the Malta Gaming Authority.
Malta is Now The Hub of iGaming Providers
Malta is considered the iGaming capital of the world. Established in 2001, this gaming authority was formerly known as the Lotteries and Gaming Authority (LGA). The authority ensures transparency and fairness to the online gamers.
The growth of online gaming companies in Malta has resulted in more employment in the country. Now that even European iGaming giants are showing interest in Malta, we can expect impressive growth in the industry as well as employment in the country.
The authority has now issued online gaming licenses to hundreds of companies in Europe. The revenue generated from iGaming plays a significant role in the economy of the country. In 2018, iGaming contributed to about 12% of the Maltese economy. As many international iGaming companies move their headquarters to Malta, its economy is experiencing positive growth.
The popularity of the Malta Gaming Authority has constantly been increasing because of the strict gaming regulations in countries like Sweden. European authorities like the Swedish Gaming Authority have some strict rules and regulations that are not favored by many gaming operators and players.
Countries like Sweden are a hub of gaming enthusiasts, and because of the government’s harsh regulations, Swedish gaming companies are approaching offshore regulators like MGA for licensing. The MGA promotes gaming to ensure a safe and secure environment for online gaming.
Reasons Why Gaming Companies Are Choosing Malta
There are many reasons why the top gaming companies prefer the Malta Gaming Authority for licensing. MGA licenses have always been the first choice for operators who want to gain the trust of online gamers. Online gamers trust platforms registered under the Malta Gaming Authority due to the following reasons:
- MGA ensures every player’s funds are protected and safe at the gaming platform. The authority checks if deposits and withdrawals made by players are safe and secure.
- As a regulator, MGA safeguards all players’ rights and monitors all activities on the platform to keep gaming free from any kind of criminal activity.
When gamers visit MGA-licensed sites, they find unmatchable safety and security at the platform. MGA licenses are preferred by operators who wish to survive for a long time in the online gaming industry. Gaming companies licensed under the Malta Gaming Authority follow the “duty of care of operators” by the MGA, which tells operators to monitor the gaming habits of players.
The Malta Gaming Authority offers numerous profitable features to the operators. Gaming companies licensed under the MGA can not only operate in their own jurisdiction but also in many other countries where online gaming is legal, including Malta. This allows gaming companies to expand their business in several countries and offer their products to a wide range of audiences.
In the past few years, Malta Gaming Authority has modeled itself in such a way that it has created a modern, holistic and effective legal framework to regulate the changing landscape of the online gaming industry.
The Malta Gaming Authority focuses on some of the most challenging factors, which makes it the top regulator in the industry. Moreover, the authority regularly updates the license and protects the faith of the people.
By playing at an online gaming site registered under the Malta Gaming Authority, European players assure themselves that they are playing on the best-licensed platform in the industry.
Conclusion
The Malta Gaming Authority only provides licenses to the gaming companies that have a physical presence in the country. Malta is the perfect place for both offshore and native gaming sites to thrive in the industry. In fact, the Maltese government offers an excellent location for European gaming companies.
The government promotes gaming activities and also supports companies with many government funds and benefits.
Overall, the Malta Gaming Authority has developed a supportive environment for online gaming companies in the country. MGA’s efforts have also been an important part of the growth of the iGaming industry. It is now quite evident why European gaming companies choose to apply for an MGA license and wish to operate either in full or in part from this island country.
Among the list of most respectable licensing jurisdictions, Malta Gaming Authority is second to none. MGA’s dedication to both security and fair play is quite impressive.
Although it is one of the first international gaming authorities to exist, it keeps updating the rules based on the latest trends. Players from European countries trust MGA licensed sites and know that it is not only safe but also one of the best in the industry.
Moreover, the countries without any licensing authority tend to be more inclined towards the Malta Gaming Authority. The iGaming industry has grown rapidly worldwide, and there have been establishments of many licensing jurisdictions.
Despite having multiple options to choose from, players prefer MGA due to its reliability and credibility. Any gaming site which is licensed under the MGA will be just as safe as a European-licensed gaming site.