The latest MGA regulatory results covering 2022’s actions – a fully transparent report with easy-to-read tables giving you the key stats! (Photo by Pixabay on Pexels)
In the Malta Gaming Authority (MGA)’s most recent 2022 annual report, one of the most renowned and respected online gambling regulatory bodies has shown steady progress in its performance. It has continued its mission to further solidify its regulatory framework and demonstrate what is a robust approach towards the supervision of the gaming industry.
The yearly figures (for the previous year) regularly come to light at around the beginning of Q2, and they show key statistics and accomplishments, thereby providing a comprehensive overview of the industry and the Authority’s operations during the year.
If you are new to online gambling or a connoisseur of the popular entertainment sector, then the Malta Gaming Authority (MGA) licensing authority is one of the names you’ll hear about regularly. Thanks to its player protection and anti-money laundering prowess, it is behind the fairness and security of some of the top online live casinos out there.
888Casino, LeoVegas, Wheelz Casino, William Hill Online Sports & Casino, and many more casino entertainment sites all operate under this licensing framework, you will find information about the MGA on our ‘live gambling casinos‘ page. In fact, choosing a licensing authority for you is one of the most important starting points to getting yourself onto the right platform.
Which jurisdictions does the MGA regulate? The licensing authority regulates regions across the globe with a focus on player protection and active complaints as well as mediation services. Here on Live Casino Central, it covers countries we publish casino lists such as Ireland, Canada, New Zealand, India, and South Africa.
Breakdown: Key Malta Gaming Authority (MGA) Insights from 2022
The three tables below are a quick recap of the MGA’s activities throughout the year directly from the annual MGA report. You can also find the stats directly from the MGA 2022 report here.
| Regulatory Activities | Total in 2022 |
|---|---|
| Compliance Audits | 28 |
| Desktop Reviews | 228 |
| License Warnings | 10 |
| License Cancellations | 6 |
| Administrative Penalties | 16 |
| Regulatory Settlements | 3 |
| Regulatory Activities | Total in 2022 |
|---|---|
| Financial Penalties (€) | 179,150 |
| Licensees Subject to FIAU Measures | 25 |
| Gaming License Applications Received | 41 |
| Gaming Licenses Issued | 31 |
| Players Assisted | 5,280 |
| Responsible Gaming Website Checks | 85 |
MGA’s CEO, Dr Carl Brincat applauded the organization’s collective work towards building a just and sustainable gaming ecosystem. His emphasis was on proactive strategies and streamlined regulatory operations, fostering innovation, and mitigating any probable threats.
More Key MGA Figures Broken Down
| Activity | Total in 2022 |
|---|---|
| International Cooperation Requests Received | 83 |
| International Cooperation Requests Sent | 97 |
| Industry Alerts Issued | 224 |
| Requests for Info on Sports Rules Breaches | 44 |
| Suspicious Betting Reports Received | 475 |
| Global Investigations Participated In | 15 |
Assessing the Positive and Negative Highlights
- The Positives: The sheer volume of compliance audits, desktop reviews, and penalties handed down highlights MGA’s commitment to strict oversight. Their increased involvement in global investigations, focusing on sports competition integrity, is equally commendable. The support extended to over 5,000 players is a testimony to MGA’s devotion to player protection and responsible gaming.
- Room for Improvement: Though MGA’s regulatory activities have been numerous, there have been cases of regulatory violations that led to financial penalties and license revocations. Roughly 50% of new license applications did not make the cut, indicating a high entry barrier that could hinder industry growth. Also, the detection of inaccurate information on certain gaming-themed websites suggests the need for more thorough oversight.
How does the MGA protect live casino players?
The MGA protects video slot players through the management of Random Number Generator (RNG) algorithm tests, but as you can see from our top live casino games reviews, these games use live dealers, and as such non-computer generated results. However, each live game still records every result on each game via the online system and sends a Return to Player (RTP) report to the MGA. This is to check the house edge paid is not leaning away from the percentages advertised.
On top of this, every game in the live dealer studios undergoes regular checks. This is not just for the player’s benefit but also for the live casino software provider’s benefit. They don’t want another scenario such as the famous instance where one roulette player made a fortune by finding older unmaintained wheels that would lean to one side and deliver results into a section of the wheel more often than others.
Game on! If you like the sound of the MGA as a licensing authority, then you can kick-start your real-money gaming entertainment experience with a bonus. You can learn more about these on the Live Casino Central guide published and dedicated to live casino promotions from some of the top casinos operating under the MGA licensing framework.
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