The Malta Gaming Authority is an independent sector that is responsible for the governance of gaming activities in Malta online and land-based. It is the fastest growing and most dynamic sector in Malta. It is considered to be the preferred global remote gaming regulator. This sector has a very top notch regulatory environment that has technical capabilities which causes it to be able to offer a world class service. Recently MGA revamped its Corporate Identity. They also relaunched their website with a different web design. Their web design enhances better communication between operators and regulators.
In 2001, the Lotteries and Other Games Act was established. This act was established to bring together all gaming activities, except for land-based casinos under one legislative instrument. MGA’s mission statement To regulate competently is 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. The Gaming industry has evolved in different ways. It went from the static structure of brick and mortar casinos to iGaming that is relied heavily on high tech innovations to increase the amount of player interactivity and make it possible for the games to be available anywhere and at any time.
New challenges have come into existence since these new developments were established. Regulators have been increasingly realizing the importance of having a holistic and effective framework. They have also realized that they must have a legislative framework and corporate structure in order to motivate them into facing new challenges as they occur.
They have many different aims they strive for in order for the gambling world safe and fun. Protecting minors and vulnerable person is a strong priority of theirs. Gambling can be very dangerous for those who are minors and vulnerable. Safeguard players’ right is another priority for them. Promoting responsible gambling is also very important to them. There are some people who do not gamble in a responsible manner and that can cause a lot of problems. It is also important to note that some commit fraud just so they can gamble. Ensuring the integrity of games and gaming devices is also very crucial to them. They must make sure that games and devices they can be played on have strong morals and principles. Keep gaming free from criminal activity is another important principle they strive for.
One activity they have is to conduct research on different aspects of gaming. Granting licenses relating to gaming is another activity they perform. Monitoring licensed gaming is something they do also. Collecting taxes from games on behalf of the government is a different activity that is performed by them. Supporting good causes is very important to them. Making sure that the sector contributes to country’s develop is another important element that is important to them.
Today the casino world would not be able to exist in a comfortable manner without Malta Gaming Authority. This company has made a lot of important contributions to the casino world. They have been helping to advance the casino industry by making sure it is safe but enjoyable at the same time for those who like to gamble. Making sure gambling is safe should always be a priority. If it was not a priority then it would be dangerous for gamblers to gamble. Now gamblers are able to feel more comfortable gambling thanks to the Malta Gaming Authority.
Malta Gaming Authority has been striving to consolidate all regulatory functions related to gaming activities. Operating a successful and a fully integrated authority is something that has pushed the casino world along with a lot of different objectives the company has. The casino industry has been growing all around the world in these recent years. A lot of it is due to the technological advancements and the fact that now many people have been gambling online. The internet has helped the gambling industry to be able to advance with modern times. In these modern times the internet is heavily used on different electronical devices.
In the future the casino world will more than likely be even more incorporated with the internet because of the way the world is going. Since we are in the age where the internet is heavily used, Malta Gaming Authority is more important than ever. Information that is put in on gambling websites must be in safe hands and now gamblers have to feel more protected from dealing with fraud. Making sure gamers feel comfortable playing any type of game should always be a priority. Malta Gaming Authority has done a terrific job at making sure games in the casino world have strong morals.