Gambling licences for Malta’s iGaming businesses
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MGA is an important organisation in Malta's financial services sector. Local sites are among the best online casinos in the country.
MGA is the national regulator of gambling activity. Malta is a successful home to iGaming companies. The industry contributes heavily to Malta's GDP. Gambling and gaming have contributed as much as 12% of all national profit. MGA decides whether or not to grant a licence through an assessment of the gambling and gambling operations.
MGA understands the need for regulation in Malta's online gaming industry. Malta has a flourishing online gambling market. The various regulatory bodies bring businesses into line and ensure a safer space for players to enjoy gambling and gaming.
To be successful in applying for a gambling licence, an operator must own a physical location in Malta and pass specific criteria. Regulator will assess the company’s international reputation and how credible its application is.
Malta was the first nation in the EU to regulate online betting. 303 licences were issued in first six months of 2020. Slots contribute over three-quarters of revenue generated by online games. Poker enjoys over 90% of the revenue in peer-to-peer games on Malta. The report that revealed the cancellation of licences at the start of 2019 also showcased the ongoing growth of the sector.
The MGA has recently appointed a new CEO in Dr Carl Brincat. He has been with the authority for over six years and brings in extensive knowledge of gaming regulations and professional law experience.
