All online casinos in the country are regulated by the Malta Gaming Authority, which requires operators to apply directly to them for a license. Applying for a license is an 11-step process, within which operators must supply financial information, a thorough run-down of the games available and more. Bank of Valletta plc. (BOV) and the Malta Gaming Authority (MGA) collaborated on a one-day online workshop focused on the Gaming Industry in Malta (Industry), which was held on 13 October 2020. This workshop served as a platform for both entities to delve into further detail as to how they relate to the Industry.
Are you tired of all the fantastic Malta-based online casinos that won’t accept British players? Keep reading to discover the best alternatives to MGA licenses casinos for UK gamblers. There’s no need to long for the widely known generosity of operators from Malta. Instead, you can easily find sites that are basically Malta casino online UK clones. Such operators have identical features with MGA sites and, at the same time, welcome gamblers from the Kingdom.
- Malta Lotteries and Gaming Authority (LGA) Type of Licenses: Class 1 – operators managing their own risk on repetitive games (casino-type games, skill games and online lotteries) Class 2 – operators managing their own risk on events based on a matchbook (fixed odds betting, pool betting and spread betting).
- Malta is the unofficial capital of online betting, online gaming, or in short, online gambling in general. It’s been the centre of attention for betting aficionados and sportsbook operators for years. In case you were looking for a list of online betting sites licensed in Malta, this is the real deal. We may not have them all listed, but we.
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- an overview of the basic features of MGA casino sites;
- a summary of the best alternatives to Malta-regulated online casinos;
- answers to the most frequently asked questions about Malta iGaming destinations.
- All Sites are:
- ? Licensed
- ? Tested
- ? Safe
- ? Quick Payouts
Alternatives to Malta Casinos Not on Gamstop
Features of Malta Slots Not on Gamstop
Sometimes, it’s not even needed to look at what casinos offer. Instead, you can simply check the licence of a casino and learn all about it. For example, when you pick a site from any MGA casino list, you can expect high-security standards and rich rewards. Here are some other crucial features of casinos from Malta.
- Own a self-exclusion scheme instead of Gamstop. Malta online casinos are known for their self-exclusion schemes. This means that you can find quality alternatives to bookies, casinos and bingo sites not on Gamstop or SpelPaus. Plus, if you ever feel like you had too much gambling, you can easily take a break. This is done directly from the gambling site.
- For European players. EU based players should join an EU casino that holds the Maltese license. There are many rules and regulations these casinos must meet in order to get a reputable permit. Meaning, an extra effort is taken towards offering quality as well as safe gaming.
- Better than Curacao eGaming but worse than UKGC. You can find many new online Malta casinos that put the player first. While the Malta license is definitely better than the Curacao one, still, it doesn’t match the UKGC one. Nevertheless, this doesn’t mean that you won’t get your money’s worth at MGA sites.
- Harder to obtain the licence for operators. A site must meet specific standards to become a licensed online casino by Malta Gaming Authority. These are related to safety and security, as well as having protocols in place that ensure worry-free gaming. That’s why for the license like online casino without verification is hard to get and widely respected.
Similar Options to MGA Licensed Casinos
In addition to MGA casino sites, you can also find other iGaming destinations regulated by authorities such as the UK, Curacao, and Gibraltar. In fact, the best online casinos in the world are the ones holding approvals from these authorities. Not only your money is secure with them, but you also get to spin the highest paying slots.- Curacao eGaming. One such authority is Curacao eGaming. Curaçao online casinos showcase their license on the landing page so you can easily spot them. They usually offer games from the best-known gambling software, so you get to choose from plenty of slots, roulette, and blackjack. They’re also SSL-encrypted, meaning your account is absolutely safe and secure.
- UK Gambling Commission. Another leading licensing authority is the UK Gambling Commission. If you’re an occasional gamer that likes to visit Internet casinos, then you must have heard about it. UKGC licensed casinos take both gaming and security seriously. It’s not easy to get such approval, and lots of conditions must be met. So, you can expect unforgettable gambling sessions there.
- Spelinspektionen. There are also regulated gambling operators in Sweden. In number, they aren’t as many as the Malta-licensed ones and casinos without Swedish license. Yet, this doesn’t mean they aren’t good. In fact, they offer excellent gaming variety for Swedes, and their security measures are top-notch. To join, set up an account and you’re good to go.
- GBGA. Last but not least, we have Gibraltar online casinos holding a license from the GBGA. The types of games you can find there are slots, roulette variants, and some blackjack options. Gibraltar casino websites are viral among gamblers thanks to their massive welcome bonuses, serious approach, and high safety standards.
Malta Casino License FAQ
❓ What is MGA?
MGA stands for Malta Gaming Authority. It’s a regulatory body that gives out licenses to online gambling sites. That is if they meet the rigorous conditions related to safety and security. Look for the MGA sign at a casino’s homepage. If the site has it, then you’re good to sign up.
⌛ How long does it take to get an MGA licence?
It depends. Usually, it takes from several months to up to a year. The exact time generally depends on the collaboration of the gambling operator. The process can go back and forth several times before the entire process completes. Operators must provide lots of documents and employ various security protocols as well as pay the appropriate taxes.
? Are there any MGA licensed casinos accepting UK gamblers?
The answer is both yes and no. It’s highly recommendable to check the terms and conditions of an MGA licensed casino and see the countries they support. These days, the majority don’t accept UK gamblers. Though, to be sure, it’s always best to check. Alternatively, pick one from our recommended MGA sites for Brits.
? Is it safe to play there?
The license itself is a guarantee that an iGaming website is a trusted one. In most cases, you need to find an online casino with credit card and register an account to join it. However, you can also find no verification casinos that are safe and licensed in Malta too. An MGA license paired with an excellent reputation is a sure sign of reliability.
Over the years, out of all the jurisdictions offering online gambling licensing, three clear forerunners have emerged; Malta, Curacao, and Kahnawake. In this article, we will take a look at each license and compare them, helping you to make a better decision for your business needs.
Those looking to set up an online gaming business can choose from a number of jurisdictions when it comes to licensing. Each online gambling license has its own benefits, drawbacks and features which make it suitable for one client, but not another.
The Top 3 Online Gaming Licenses
Curacao
The island of Curacao has been offering its online gaming license since 1993 and is one of the oldest, easy to apply and most cost-effective iGaming jurisdictions in the world. You can offer gambling from Curacao, but not within the territory.
Kahnawake
Kahnawake is a Mohawk territory located in Quebec, Canada. The Kahnawake license was established in 1999 and it is a popular choice for operators because it’s both a well-respected jurisdiction and cost-effective.
Malta
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Malta is an EU Member State and its license is considered one of the most reputable and well-respected licenses in the world.
But of course, this does come at a price.
How Long Does It Take to Get an Online Gambling License?
Curacao
Curacao has the quickest turn around time. When managed properly, it can take as little as two-three working days.
Curacao has the quickest turn around time. When managed properly, it can take as little as two-three working days.
Kahnawake
Kahnawake is somewhere in the middle and it usually takes around 8 weeks to get the license in hand.
Malta
The Maltese license can take as much as 12 weeks.
The Malta Gaming Authority also requires face-to-face meetings with applicants as well as significant amounts of paperwork.
Of course, in each case, it depends entirely on the timely and correct submission of required documents. Sometimes licensing authorities will require additional documents that can draw out the process. The Curacao license is good for those who want to go live ASAP, Malta is good for those playing the long game, and Kahnawake is for those in between.
The Difficulty of the Application Process
Curacao
No licensing application process is easy, but some are easier than others. The Curacao license is by far the quickest and easiest on the market. You only need one license that will cover all operations and there are minimal maintenance requirements. Also, you need to keep good financial records and abide by various compliance and fair gaming standards.
Kahnawake
In Kahnawake, there are different licenses on offer depending on what services you want to provide. For an online casino, you must apply for the Client Provider Authorisation. While still a simple process, it is a bit more complex than the Curacao license. More due diligence is required and there are additional standards relating to gaming and operational ethics.
Malta
The process of applying for a Malta online gambling license is considerably more complex. There are strict criteria and high standards that must be met initially and on an ongoing basis. As well as KYC, all applicants have to provide references, letters of good standing, and complete a fit and proper test. Also required are compliance and software audits that are carried out periodically.
What’s the Cost of These Online Gambling Licenses?
Curacao
The Curacao online gambling license is by far the lowest in price.
For this reason, it is recommended for small businesses and startups.
Kahnawake
The Kahnawake license is a step up price-wise compared to Curacao. It includes additional costs for Key Person License applications as well.
Malta
The Maltese license is the most expensive both at the application stage and in terms of ongoing maintenance.
There are fees every 12 months and depending on what games you offer, there may be additional taxes. License holders also have to pay a compliance contribution that can reach EUR 600,000 depending on how much revenue the entity makes.
What Benefits Do These Online Gambling Licenses Offer?
Curacao
In Curacao, the benefits are the quick and low-cost setup costs. This along with its 0% tax rate and minimal ongoing obligations make it an ideal choice.
There is also 0% VAT in Curacao and license holders can offer services around the world, except Australia, Aruba, Curacao, Cyprus, France, Netherlands, UK, and the USA.
Kahnawake
Kahnawake is a good option because it also enjoys a 0% tax rate. Startup fees are low and the time frame of getting everything up and running is still relatively quick.
Those holding a Kahnawake online gambling license are only restricted from offering services to countries were iGaming is illegal, and FATF blacklisted nations. China mystery casino game. Juegos gratis para jugar en linea.
Malta
The benefits of a Maltese license include enjoying the prestige that comes withholding it. Tax rates in Malta are set at 35% but shareholders can reduce this to as little as 5% through the full imputation tax regime. Maltese license holders are only stopped from catering to customers in FATF blacklisted countries, and territories where it is illegal.
Across all jurisdictions, license holders are not allowed to service countries in FATF blacklisted countries or countries where online gambling has been deemed illegal.
Contact Fast Offshore To Get Your Online Gambling License!
Fast Offshore has been helping clients obtain an online gambling license for over 22 years. There’s no-one better placed to advise and guide you through the whole process. If you’re thinking of opening an online gambling platform, contact us today.
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