There are many advantages for both players and online casinos who are licensed by the MGA which serve to enhance the overall gambling experience. These differ in a number of ways and take into account many facets of online gaming as whole. Let's take a look at some of these and what helps to set the Malta Gaming Authority apart.
Each Operator is Accountable
The MGA works hard to make sure that operators who are licensed by them know that they are accountable for their actions, especially towards the players. As a result of this, when an operator is granted a license from the MGA, they are aware that any actions that flout the legislation that is in place is punishable which includes illegal and even unethical behavior.
Because of this, the accountability gives players a lot of peace of mind as they know that their rights are adequately protected.
Gaming is Fair
In the online gambling industry, fair gaming is one of the most important priorities not just for the player, but also operators who are licensed. The last thing that a regulated online casino wants is to be flout the laws that relate to this because it can result in hefty fines and as worse case scenario complete, forced closure.
This works in conjunction with both the online casino and the relevant software providers, which means, for the latter, they have to make sure that the games they provide are subject to approval from testing agencies, while the particular operator should also do its own due diligence. One indicator of this is that all fair games will have a random number generator (RNG), that is built into their software, which makes sure that all of the games are completely fair and above board.
In addition to this, there is a stipulation for all online casinos and by extension the software providers to provide relevant information and statistics that relates to the technical elements of a game such as the likelihood of a player winning on a particular game. One of the clearest ways of doing this, is by displaying the return to player (RTP) percentage rate for each game, so that it is visible to the player. In doing this, they are then aware of the risks that are involved before they start.
Funds of players being seperate
Another important element that the Malta Gaming Authority require for operators who are under their jurisdiction, is that they have a separate account for player's funds that are deposited, which is often referred to as a holding account. This means that these funds are completely separate from an online casino's operating revenue.
As a result of this, should an online casino go bankrupt, then player's funds are protected and cannot be touched by the operator by way of a bailout. This is something that the MGA considers a serious breach in regulation if an operator under their purview fails to have this in place.
Protection of the player
Players are particularly cautious of online casinos, because they are not sure as to whether their personal and financial details will be kept private. It is also a requirement for online casinos to be fully compliant with the Data Protection Act, which prevents a player's data from being misused.
The MGA checks to whether an online casino that they license has these safeguards in place to help protect against cyber attacks. It is worth mentioning that the majority of online casinos also employ some of the best cyber security specialists to help with this as well.