Malta has become a hub for Europe’s thriving online gambling industry.
With an operating license issued by the Malta Gaming Authority (MGA), online gaming companies can legally operate across the EU. This is desirable as Europe represented 48 percent of global gaming sales in 2015.
The MGA checks all applicants for licenses against money laundering or suspicious transactions.
Types of Gambling Regulation in the UK and Malta
The Malta Gaming Authority is Malta’s gaming control authority – formerly known as the Lotteries and Gaming Authority. It is responsible for regulating many forms of gambling in its own territory. It also offers licenses for operators who want to operate across the EU.
The MGA ensures transparency and fairness for players who use a gaming service. It also helps prevent crime and corruption, and protects vulnerable or underage players. It promotes responsible gaming, protects players’ funds, and audits gaming devices and games to make sure they are generating random numbers. The MGA is also responsible for monitoring licensees ‘activities, protecting players’ rights and investigating complaints. It monitors criminal activity and ensures that operators monitor players’ gambling habits sufficiently so that problem behavior can be identified and mitigated.
Gambling remains a popular pastime in the UK
It’s a market that was valued at $ 14.3 billion between 2018 and 2019. And there are no signs of slowing down. Online games of chance have the largest share at 38.6 percent. Slots in particular, which make up 69.3 percent of all GGY and table games, are among the most popular games.
Sports betting is also popular, with soccer and horse betting being the most popular and generating £ 2.1 billion a year. This is followed by online bingo for a total of £ 198.1 million.
Despite new rules and regulations introduced by the UKGC, the UK gambling industry continues to grow. In fact, there are up to 3,641 gaming licenses held by 2,652 operators.
Just like other types of online gambling, bingo websites are no exception to the approval of the gambling authority
While it doesn’t seem like it, bingo is classified as a game of chance and therefore bingo websites must be approved by the gambling authorities in order to function legally. In the UK, this is the Gambling Commission.
There are various laws or regulations that govern bingo games. This includes the Gambling Act of 2005, the Licensing and Advertising Act of 2014, technical standards for software and machines, and rules of conduct.
Bingo itself is a popular pastime for residents of the UK, which is why there are so many brands of bingo there. A popular bingo site is 888 Ladies Bingo, which is known for its variety of games on offer.
Brits love online bingo because they can play from the comfort of their own home. You can also interact with other players in chat rooms and claim great bonuses and prizes.
Aside from bingo, bingo platforms are also introducing other games such as mini slot games so there really is something for everyone.
Online bingo is a popular game in the UK and like any other gambling operator, it also requires licenses and government approval.
Bingo websites operated in the UK require a permit to be fully legal
Since bingo is classified as “Equal Chance Gaming”, a license from the Gambling Commission is required. A UK bingo company may need to apply for up to three licenses depending on how it works.
This can be an operating license, a personal administration license, a personal function license, or an operating license. Although some of these are usually only needed for new bingo halls and not for online bingo sites.
In most cases only an operating license is required.
However, it is not that easy to just apply for a license. Operators must also adhere to the established rules, and this list is quite extensive.
Two of the most important are the casino’s ability to protect customer funds and protect customer funds from the casino.
The Gambling Commission asks questions about the ownership and identity of the website, the applicants’ financial circumstances and their honesty or trustworthiness. They want to know if they have any experience running a bingo site, what qualifications they have and what police records they have.
All UK gambling sites are strictly regulated
Malta is popular with many online gambling providers as it offers licenses that allow it to operate legally across the EU. This makes economic sense, given that the EU is one of the largest online gambling markets in the world.
However, providers are not in a position to feel comfortable applying. The MGA pursue strict goals such as the prevention of crime and the protection of vulnerable or underage players. Hence, the application process is strict and thorough.
Online casino games are the most popular games in the UK. However, bingo sites are also popular. Just like casinos, they have to go through the same licensing application process. Once again they are rigorously checked and, if deemed appropriate, are licensed.
Disclaimer: Play Responsibly. Players must be over 18 years of age. You can find help at https://www.gamcare.org.uk.
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