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What is Malta Gaming Authority and how does it work?

Malta Gaming Authority

Gambling has been booming in the industry of games and business. To some, it is a form of entertainment. To others, it is an investment scheme that must be approached with caution. To be safe in the market, there are operators that must man these gambling companies. That is where Malta Gaming Authority features. The company was established to regulate the operations of gambling companies. Members of this commission are non-executive persons that have been appointed by the board of competitiveness and digital services economy.

 

According to the enactment of the Lotteries and Other Games Act, 2001, the MGA’s mission statement is:

“To regulate competently the various sectors of the gaming industry that fall under the Authority by ensuring gaming is fair and transparent to the players, preventing crime, corruption and money laundering and by protecting minor and vulnerable players.”

Profile of Services

Basically, the board of Malta Gaming Authority has the sole responsibility of overseeing the development of the company. This board is always present to ensure that the management is doing a great job in terms of policy implementation in the gambling industry. The aligned objectives must also always be achieved depending on the set time. In matters of government and issuing of policies, the board must be keen to ensure that the policies have been implemented. In policy development, the board ensures that consultation is done before rebranding. The establishment of Malta Gaming Authority is known for its services in streamlining the gambling industry. Among their activities are:

  •  Conducting research on various aspects of gaming;
  • Granting licences related to gaming;
  • Monitoring licensed gaming;
  • Collecting gaming taxes on behalf of the Government;
  • Supporting good causes;
  • Ensuring that the sector contributes to the country’s development.

To date, most clients have enjoyed their games under this umbrella. Licensed operators are Betway, Cashmio, Leo Vegas, Mr Green and VideoSlots.

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