In this review, we will provide you with a list of top MGA Licensed casinos as well as a breakdown of exactly what this license means. We will also look at the steps involved in receiving this license and the costs involved. After reading our guide, you will be an expert on all things Malta online casino licenses.
A Malta online casino license is a form of wagering license handed out by the Malta Gaming Authority. This license grants betting platforms access to gambling markets all over the world. To receive a Malta license, betting sites have to comply with all stipulations laid out by the regulator, which include having provably fair games, encryption, and safeguarding player’s details.
Top Malta Licensed Online Casinos
A Malta gaming license is highly respected in the betting industry, and many of the top online casinos are licensees. Gamblers have the ability to enjoy a range of different casinos that fully comply with the authority’s strict rules and provide a safe and world-class betting experience. See below our list of top Malta-licensed sites. If you are looking for more licensed casinos, you can check out our in-depth review here
The Malta Gaming Authority has four clear objectives. These include advocating responsible gambling, checking for fair play, monitoring licensed casinos, and protecting players. Let’s look at each objective more closely.
1
Advocating Responsible Gambling
The Maltese regulators take responsible gambling very seriously. They ensure that all licensed sites have features such as cooling off where a player can request a temporary self-ban and self-exclusion where a player can request a permanent self-ban. They also ensure that a site offers players resources to educate them on healthy gambling, such as Be Gamble Aware.
2
Checking For Fairplay
To receive a Malta gambling license, a betting site has to have their Random Number Generated (RNG) tested and audited by an approved expert 3rd party. An RNG ensures the games are completely random and are not being tampered with by the casino or another actor. If existing licensees fail to have their RNGs tested on time, they will face fines, legal action and lose their license. A licensed casino also has to demonstrate that the Return to Player Percentage (RTP) was at least 92% over a calendar year.
3
Monitoring All Malta Licensed Operators
The Maltese regulators take an active role in monitoring all of its licensed casinos. Players can make complaints directly to them, and they will investigate claims and help with retrieving the money. They also frequently check betting platforms to ensure they are meeting their standards, such as following proper Know Your Customer (KYC) protocols, placing limits on deposits, safeguarding player funds, and a host of other operational procedures which they closely monitor to uphold the integrity of their license.
4
Players Protection
To receive a Malta casino license, betting platforms must follow a number of regulations designed to protect players. These include demonstrating the site has enough funds to cover withdrawals, steps in place to stop underage gambling, having a professional customer support team that can solve disputes. The Maltese regulators also have legal avenues to help player’s receive money that was stolen or misappropriated; this includes seizing assets and delivering fines.
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There are four different types of Malta online casino licenses. Each type of license gives the licensee the right to offer different betting services. Let’s look at each type.
First Class. This class gives a betting platform the right to run an online casino where they offer random games such as slots, poker, blackjack, and the site serves as the house and manages the risk.
Class 2. Allows a betting site to run a sports betting operation, the site doesn’t have to run an RNG as the events are external such as allowing clients to bet on the result of a football match, players compete against the house, and the site must manage its own financial risk by setting odds.
Class 3. This class is for betting platforms that do not act as the house and only receive a commission from players. The most common platforms include online poker platforms and betting exchanges. These gambling sites act as intermediaries between player to player betting.
The sast one. Class 4 is for software providers who will manage a betting platform and host their games on a betting site. For example, Playtech and Microgaming. The software provider does not take any financial risk and can only receive a commission or monthly payment.
Countries That Support Malta Gaming License
With a Malta gaming license, numerous countries become accessible, which can help a site increase its player base and its profits. A Malta license doesn’t allow casinos to offer their services just to EU countries but to a range of different international markets. These malta gaming licensed countries include:
Countries that are explicitly banned under a Malta license include:
USA
Australia
China
Iraq
Syria
Iran
With a Malta license, a betting platform can access a range of different countries, and some are of the largest gambling markets in the world. A site can access a wider range of countries by pairing their Malta license with a local license.
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Acquiring a Malta license is a complex task. However, if you follow our steps, you should be able to simplify and speed up the process. The main requirements include not having criminal convictions, providing copies of passports, presenting a professional business plan, and demonstrating which software you will be using.
Proof Of Non-Existing Criminal Past
Unfortunately, if you have some previous brushes with the law, you will not be able to receive a Malta gaming license. The Maltese authorities take its reputation seriously and will reject any license application which is connected to criminals. The Malta Gaming Authority’s mission is to ensure players can bet safely and securely, and one way they do this is removing criminal elements from the online gambling industry.
Passport Copies
To confirm your identity, the Malta Gaming Authority insists you provide copies of your passport. They want to ensure there is an identifiable person behind every betting platform, this helps them enforce their strict regulations and punishments, which include fines, legal actions and asset seizure. A gambling license applicant must provide a scan or high-quality pictures of both sides of their current passport.
Detailed Business Plan
The Maltese regulators will only grant Malta online casino licenses to legitimate betting platforms that have professional business plans. The plan should include detailed information about the business’ finances, strategy, marketing and goals. The plan should also include information on the structure of the company and the key employees and leaders. This stipulation is to reduce the risk of site’s being granted a license failing and declaring bankruptcy as companies with solid and well-thought-out plans are more likely to succeed.
Details About Gaming Software Used
The final information a gaming applicant must provide is information relating to the software that the site will be using. The Maltese authorities will only grant licenses to casinos that use heavily tested software with strong reputations. A betting site can increase its chance of being licensed by partnering with the most famous software developers, which the Malta Gaming Authority trusts and already works with.
Malta Gambling License Cost
The price of a Malta gambling license is high. Betting platforms have to pay application, maintenance, and ongoing licensing fees. They also have to pay the Maltese 35% corporate tax rate, incorporation fees for setting up a local company and ultimately pay in excess of $100,00 per year. Here is a breakdown of the major costs:
Application – $2800
Licensing – $10,000
Monthly Licensing – $8300 per month
Requests – $1800
Due to the large costs involved, this gaming license is only suitable for large sites that are either already successful or have deep pockets to fund the initial growth phase of the business.
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Before a betting platform makes any rash decisions and decides to pursue a Malta gaming license, they need to consider the pros and cons. The major pro is legal access to the EU gambling market, but a serious con is the tax and cost implications. We are now going to explore both advantages and disadvantages more closely.
Pros
A Malta gambling license is a strong choice for any betting business. By receiving this license, a site can leverage the strong reputation of the Malta Gaming Authority, access the EU gambling market, and offer Bitcoin gambling to its customers. Let’s look at these pros in more depth:
Access to EU gambling – The EU gambling market is worth billions of dollars, and with a Malta license, a betting site can offer its services to customers in a range of European countries
Strong reputation – The Malta Gaming Authority has a strong reputation throughout the gambling industry. Betting platforms can leverage this reputation to acquire the best software and win the business of new gamblers.
Access to international betting markets – A Malta license also allows betting platforms to provide services to customers in large gambling markets such as Canada, Japan, and Russia.
Can use top software – World-class software providers only work with casinos that hold strict licenses such as a Malta license.
Cons
While a Malta online casino license does have many benefits, it also has some serious drawbacks. Negatives include high corporate tax, the need for multiple licenses, the lengthy application process, and costly. Before applying for a Malta gaming license, let’s look into these negatives more closely:
Corporate tax – Online betting platforms have to pay 35% corporate tax on profits even if they are based offshore as to hold a Malta license, your company must be registered in Malta.
Need to apply for multiple licenses – If you want to run an online casino and sports betting platform, you will have to apply and pay for two different licenses, this adds bureaucracy and increases the cost of running a betting site.
Application is slower and difficult than competitors – It can take a site two months to receive a probationary license and then another six months to receive a full license. At other gaming authorities, a site can receive a full license in less than four weeks.
Expensive – A Malta gambling license costs significantly more than a Curacao license.
Conclusion
A Malta online casino license is one of the most prestigious licenses of any jurisdiction. The Maltese authorities, through its strict regulatory process, that its licensed casinos provide customers with a safe, secure and world-class betting environment.
In this guide, we have provided examples of the top Malta-licensed sites while also explaining the steps involved in receiving a license and how it works. Thanks to this guide, you can either enjoy playing at a top Malta-licensed site or start getting your own casino licensed.
Frequently Asked Questions
What Is a Malta Casino License?
A Malta casino license is a gaming license that allows an online betting platform to legally offer its gambling services to players around the world.
Are There Different Classes Of Malta Online Casino License?
Yes, there are four differentMalta online casino licenses they include:
Class 1 – online casinos
Class 2 – sports betting sites
Class 3 – betting platforms that enable the player to player betting, such as poker rooms
Class 4 – gaming software providers who wish to host their games on online casinos
What Do I Need To Get Malta Online Casino License?
To get a Malta online casino license, you have to:
Show proof that you have no criminal convictions
Provide identity through copies of passport
Present an in-depth business plan
Demonstrate which software you are or will use at your site
What Are The Benefits Of Malta Online Casino License?
The benefits of an online casino license from Malta include:
Access to lucrative EU gambling market
Strong reputation in the industry and amongst gamblers
