Who are the Malta Gaming Authority?
The Malta Gaming Authority (MGA) formerly known as the Lotteries and Gaming Authority (LGA) is the Regulatory Body responsible for all land-based and online gaming in Malta.
It formed in 2001, and their mission was to ensure complete transparency and fairness to players. Moreover preventing crime, corruption and money laundering. They were also one of the first regulators to offer legislation that regulates the activity of online gambling companies.
The MGA’s Aims:
To protect vulnerable persons and minors.
Safeguard the rights of players.
Ensure the integrity of games as well as gaming devices
Keep gaming free from any criminal activities, i.e. money-laundering etc.
Malta Gaming Authority’s (MGA) Activities
To ensure that all casinos are regulated and governed in accordance to laid down laws and procedures they perform the following duties:
They grant licenses related to gaming
Conduct continuous research on the various aspects of gaming to ensure regulations are in place
Continuous monitoring of licensed gaming
They collect gaming taxes on behalf of the Government
Ensure that the gaming sector contributes to the country’s development
The Malta Gaming Authority has several procedures in place to ensure the safety of player’s funds. For example, they can request a licensee to get a bank guarantee proving they are not mismanaging funds.
Conclusion:
The Malta Gaming Authority (MGA) is one of the most trusted and renowned Authorities in online gambling regulations. They have been at the forefront of online gambling and are proactive in shaping the regulatory environment of this industry. Any online casino such as Mason Slots with a license issued by them is guaranteed to be safe, reliable and honest. Therefore, making it a safe environment for online gamblers.
We would recommend that anyone looking for a reputable online casino, should always check the license first.