The Gaming Commission of Malta is regarded as one of the top online gaming jurisdictions. It works from the island country of Malta.
Malta first started to issue certificates to online gambling sites in the year 2000 under the Public Lotto Ordinance. Subsequently, the Lotteries and Gaming Authority was established to license and control a number of gaming zones comprising online or remote gambling ventures. Owing to the progress of online gambling, the Remote Gambling Regulations under the Lotteries and Gaming Authority were overhauled in 2004 to support four classes of remote gambling licenses. Two of these classes linked straight to online casinos. Class 1 is for online casino operators and Class 4 is for online casino hosts and managers who are not themselves operators. Class 2 is for online sports wagering operators and Class 3 is for promoters that operate from Malta. So as to engage the licensees in the managerial course the Malta Remote Gaming Council was nominated in March 2005. The Council incorporated an online forum to let the licensees to say their proposals and interests on legal, technical, and managerial maters.
The licenses issued by the Gaming Commission of Malta boast five-year legality. The licensees pay an opening fee of MTL 1,000 and also pay annual fees and a gaming tax of 0.5% of their proceeds. The people of Malta are not allowed to involve in online gambling and this is an open term of the licenses. The test of new applicants is a three-stage course. The initial stage, termed as “Fit and Proper”, appraises the initial aptness of the applicant. Vital factors in this stage are existing lawsuit concerned and bank references. The second stage is called “Business and Technical Ability Assessment”. This evaluates both the projected business plan and the planned software. The last stage is the “Compliance Audit”.
The Gaming Commission of Malta got an enhance in September 2007, when it prepared the United Kingdom’s “white list” of jurisdictions whose associates are permitted to promote in the British media. Jurisdictions are authorized to the white list after a deep analysis of the rules and probity tests they compel on their associates. Being on the “white list” furnishes a boost in the traffic to the online casino as players regard it safer to bet there.
The European Gaming and Betting Operators (EGBA) is an affiliate of the private gaming operators that function in European Union nations. Operators certified in the Malta jurisdiction would be likely to be affiliates of the EGBA. The EGBA has its specific set of rules and probity tests that all its affiliates need to adhere. These are quite strict than those requisite by law. This enhances the luxury level for the players who bet at online casinos certified in the Malta jurisdiction.
