If you are considering joining the best non Gamstop betting sites Malta, this review is a perfect start. Learn more about bookies licensed by the Malta Gaming Authority and why they are a great choice.
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Legal Side of Malta Betting
To start with, MGA (Malta Gaming Authority) is the gambling board established in 2001. Their job is to ensure potential betting companies in Malta offer fair and transparent gaming products and services. They monitor both online and land-based operators, to ensure the protection of minors and vulnerable players and to prevent financial crime or fraud.
Notably, they were among the first regulators in the EU, to establish a legislative framework for overseeing online betting activities. Given this proactive approach and favourable tax laws, tech and gaming companies were eager to jump on board and incorporate new businesses in Malta. The number of best sports betting sites Malta has to offer is still growing thanks to a favourable iGaming ecosystem.
Malta Gaming Authority: Types of Licenses
There are two types of MGA licenses. The first one is a B2C Gaming Service license for hosting gambling content. The second one is a B2B Critical Gaming Supply license which is for the supply and management of the gaming and sportsbook software
Here are the fees and taxes betting sites Malta needs to cover:
- Gaming License Application Fee: €5,000
- Fee for initial Gaming License Annual: €10,000 for companies providing only B2C gaming services and back-office B2C operators and €25,000 for operators who offer B2C and B2B services
- Annual Gaming License renewal fee: €3,000- €35,000
- The Maintenance fee for approved gaming premises: €500 for operators holding a Commercial Bingo Halls License and €250 for MGA betting sites with a Controlled Gaming Premises Licence
- Compliance Contribution for the Financial Year (depends on the type of gaming service
- Share capital requirements): €100,000 for the game types 1 and 2 and €40,000 for types 3 and 4
- Other administrative fees
License Requirements a Betting Company Malta Must Meet
MGA license applicants must meet the following criteria:
- Be registered in Malta
- Conduct most of the gambling operations in Malta
- Have a clean record
- Have sufficient capital to carry out gambling operations
- Ensure a robust infrastructure to make a safe environment for players
- Provide a system that enables player privacy
- Comprehensive KYC and AML systems and policies
- Incorporate a risk management system which complies with the MGA requirements
- Pass the regulator’s audit
Why Are MGA Betting Sites a Good Choice?
MGA-licensed betting sites are some of the best you can join for several reasons. Moreover, the sections below reveal some of their most notable features.
High Safety Standards
If you register on the betting site Malta, you can rest assured it provides a safe atmosphere for players. These operators cooperate withtrusted payment providers and use encryption technologies such as SSL. They employ anti-money laundering policies and have other anti-crime protocols in place.
Furthermore, they have effective responsible gambling policies accompanied by tools or features that help you manage your spending. Some examples include limits on deposits and losses, wagering and session limits, and Reality Checks.
Best Online Betting Sites Malta Are Not Under GamStop Restrictions
Since these companies are not licensed in the UK, they are not registered with GamStop. This means that they accept UK players who are on GamStop’s register. In other words, you can play here even if you are self-excluded in the UK.
In addition, they support a wider range of payment options and may host more games. Many offer more competitive bonuses and promotions. However, you should know that MGA still encourages self-exclusion programs. But overall, it offers a more liberated gaming experience.
Proper Complaints Resolution on Betting Sites Malta
MGA-licensed companies have a dedicated customer support team. Furthermore, the agents effectively address any complaints and meetthem in an expected timeframe. They usually have a separate email for complaints you can use.
However, if it fails to provide the solution, this won’t be in vain. A betting site Malta must refer the matter to a registered ADR (Alternative Dispute Resolution) entity. With such strict policies, operators must make improvements to meet the standards set by the regulator.
Best Betting Sites Malta Accept Crypto Payments
Unlike UK-based sites, many platforms regulated by the Malta Gaming Authority support crypto payments. These operators accept players from all over the world. Therefore, they must offer fast ways to make deposits and withdrawals internationally.
So, you can search for sites that accept Bitcoin, Ethereum, Dogecoin, and other digital currencies.
Betting Bonuses in Malta
Offshore operators often feature competitive bonuses and offers. They reward new players with a welcome offer and loyal members with VIP rewards.
In addition, they are packed with ongoing promotions. They may come in the form of free spins on selected slots, cashback and reload offers.
MGA Betting Sites: Deposits and Withdrawal Rules
To start with, operators holding an MGA license should offer daily, weekly, or monthly deposit limits. Moreover, they should encourage bettors to set a deposit limit during their sign-up or before their first deposit.
Additionally, companies must consider certain deposit-related issues. This is necessary for assessing the existence of a gambling problem or harm. The best sports betting sites Malta will follow these activities:
- Deposit amounts and frequency
- The number of deposits made during gaming sessions
- The number of rejected or failed deposits
- Whether a player uses only no-deposit offers
- If a deposit is close to payday
- Reversed pending withdrawals
If a player self-excludes, they mustn’t access gaming services. Nonetheless, they must be able to withdraw their funds.
Our Top Choice of Betting Site
Checked manually in: December 2024
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Betting Sites Malta: FAQ
Finally, take a look at some of the most frequently asked questions about MGA-licensed betting websites.
How many betting companies Malta Gaming Authority licensed?
This gambling regulator has licensed over 300 casinos and sportsbooks.
Are betting sites Malta safe?
MGA is one of the most reputable gambling regulatory authorities. Any operator that applies for a license must meet the highest safety standards.
What are the most common payment methods with betting sites Malta?
Some of the most popular payment options include debit cards, electronic wallets, and cryptocurrencies. Neteller, Skrill, and Trustly are particularly common eWallets.
Is sports betting on Malta betting sites legal?
Sports betting is legal in Malta. However, UK players who want to bet with MGA bookmakers have to be 18 or over.