Best Online Casinos Malta

As there are many different casino players, our experts categorized the best Malta casino sites per category in the handy overview below. Find what you’re looking for and sign up at the online casino that exactly matches your needs, preferred playstyle, and games.

An MGA casino is an online casino which is in the possession of a valid gambling license issued by the Malta Gaming Authority. The Malta Gaming Authority is the strictest regulatory body globally, so you can rest assured that an MGA casino adheres to the most strict rules possible when it comes to online casino games. You don’t have to be afraid that you will be playing rigged games or not receive your winnings as these online casinos definitely do not want to lose their MGA gaming license.

Most experienced casino players tend to play at new online casinos with Malta license. The main for this is that new online casinos often offer better bonuses, have bigger selections of games, accept more payment methods, and more complex, fun, and rewarding VIP and loyalty programs. Some of our top-rated new online casinos with Malta license include Tsars Casino, Hot.bet, and Playzee.

Online casinos with a valid license in place issued by the Malta Gaming Authority offer great player protection, guarantee safety and reliability, provide excellent customer service, have fair bonus terms and wagering requirements, and often have great game selections. Below, our experts will highlight all of these features in great detail.

Before an online casino can be regulated in Malta, it must posses the following qualities or have planned to do the following things:

• The casino must be ready to conduct a gaming business, taking into account all the financial and security risks of today’s day and age.
• It must be correctly prepared by having a working and plausible business strategy perspective.
• It must meet the operational and statutory requirements to meet the obligations as set forth by law and policies.
• It has been thoroughly reviewed and has correctly implemented all requirements in a virtual environment before its official opening.

Every applicant must show the required incorporation documents, games to be offered, follow the correct business processes, rules, terms, conditions, policies, and procedures as set out by the Malta Gaming Authority. Additionally, all technical documentation of used gaming systems must be thoroughly examined and evaluated. Added to this, licensees are also required to issue a certain amount of shares and paid-up capital per share, depending on their required type or types of casino licenses.

For Type 1 and Type 2 licenses, €100,000 in paid-up share capital must be deposited as financial stability requirement. For Type 3 and 4 licenses, €40,000 in paid-up share capital is sufficient to start an online casino or gambling platform with a Malta license.

First Stage of License Issuing: Review of the Applicant

When a soon-to-be casino operator has submitted its license application to the MGA, an assessment will be conducted. During this assessment, all documents regarding financing, managing, and technical specifications of the games offered will be taken a look at. When foreign companies wish to apply for a Malta casino license, the MGA will partner up with national and international regulatory bodies to gauge the capability and legitimacy of the casino operator applying for the license.

Second Stage of License Issuing: Business Plan Analysis

Once the applicant has been thoroughly reviewed, the business plan of the soon-to-be casino operator will be analyzed. This business plan should include operational and financial forecasts, such as marketing and distribution strategies, as well as protocols for when a player hits a big jackpot.

Third Stage of License Issuing: Operational and Statutory Requirements Check

Once the business plan has been thoroughly analyzed, the MGA will take a look if the license is meeting the minimum issued and paid-up share capital requirements (€100,000 for Type 1 and 2 and €40,000 for Type 3 and 4).

Fourth Stage of License Issuing: System Review

After the first three stages of license issuing, the MGA will ask the soon-to-be casino operator to provide documentation of the technical environment. The casino operator will now have 60 days to appoint a service provider approved by the MGA to carry out an extensive system audit. If the 60-day deadline isn’t met, the application is canceled and the operator must reapply for its license.

Fifth and Final Stage of License Issuing: Compliance Review

After receiving the notice, casino operator licensees have 90 days to undergo a series of compliance audits. Usually, this compliance audit is conducted after the first year of operation. If the licensee or casino operator doesn’t adhere to the compliance audit, it may face a suspension or termination of its already granted licenses.

Malta is officially part of the European Union. This means that every player should be protected according to European law when it comes to online gambling. The Malta Gaming Authority isn’t only the regulatory body of the gambling industry in Europe, but it also has the task to keep an eye out on all the players and games offered to them. Some countries are even so jealous at the immense power the Malta Gaming Authority has that they have decided to form their own local regulatory bodies, which often copy a lot of regulatory rules from the MGA. One of the questions you might have at this point is: ‘’how does the Malta Gaming Authority operate?’’

Allow our casino experts to explain. Basically the Malta Gaming Authority does three main things: it does extensive due diligence and research on online casinos before granting them a license, it conducts financial background checks and checks the finances of online casinos with an MGA license regularly, and it oversees all the games being offered by these online casinos to their players.

According to Maltese law,’’no person shall provide or carry out a gaming service or provide a critical gaming supply from Malta or to any person in Malta, or through a Maltese legal entity, except when in possession of a valid license, or when such person is exempt from the requirement of a license under the Act or any other regulatory instrument.’’

As such, there is basically a difference between two main things: a Malta Gaming Service License, which is when a business wants to offer a gaming service to consumers, and a Malta Criticall Gaming Supply License, which is a business to business type of license, where one company provides or carries out a critical gaming supply.

In general, there are 4 types of gaming licenses that can be issued in Malta by the Malta Gaming Authority, classified as Type 1, Type 2, Type 3, and Type 4. In the section below, our experts will shed light on the differences and attributes of these casino licenses.

Malta does not tax gambling winnings for players. Under Maltese tax law, gambling winnings are classified as non-taxable receipts and are completely exempt from income tax. This applies to winnings from both online and land-based casinos.

Malta’s tax-friendly approach to gambling extends to operators as well, which is one of the key reasons why over 300 gambling companies have established operations on the island, making it the global hub of the iGaming industry.

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More: European Casinos | MGA Licensed Casinos