Are online casinos based in Malta fraud? (Sponsored content from Eugene Banks)
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The Malta Gaming Authority is the most well-known and respected regulatory authority. Betting.co.uk has an official license from the MGA.
Malta Gaming Authority is responsible for auditing all gambling providers in Malta. Only reputable providers are allowed to operate in the country. Casinos must bring a reputable background and financial proof. The provider is regularly checked during operation.
The authorities check if a company meets all the requirements of Maltese law in the field of gambling. The company history is also checked. Gambling providers must be reputable and clean. They must also prove some financial support to pay out the winnings to the player.
All players should only play in licensed casinos. The Malta Game Authority's logo must be published on the casino website. If the logo does not match the license number of the website, it's a fraud. Eugene Banks is a writer and a consultant.
Players can contact the Malta Gaming Authority if they feel they have been treated unfairly by their provider. The MGA is responsible for complaints in the areas of IT security, data protection, validation or T&Cs.
The EU needs to establish EU-compliant regulations under the National Convention on Games to issue full-fledged and secure licenses and regulate gambling in the US. Foreign licenses such as MGA are still more important as the current situation in US has at least direct influence.
