Malta has become a great place for the flourishment of the European gambling industry online. It is providing an operating license which grants the gaming companies to execute their business throughout the European Union legally. It is very craving because, in 2015, Europe got 48% of its revenue from the gambling industry.
From a long time, MGA vets the gambling companies before providing the license to them. They tend to find out the suspicious transactions and take a step against them. They have taken the prevalent money laundering activity under the leash.
Various kinds of gambling regulations in Malta and UK
The Malta Gaming Authority was known as Lotteries and Gaming Authority in the previous time. It regulates different types of gambling in various regions, including its own territory. Operators who wish to spread their businesses across the EU take licenses from the MGA.
The main motto of MGA is to ensure fair and transparent gaming service for the players through the licensees. The organization also monitors corruption and crime to prevent the vulnerability of the new players. It is also responsible for protecting the entrance of the underage players. This organization emphasizes the security of the players’ funds. The licensees of the organization follow good practice during the execution of their betting operation.
Regular audits on the gaming devices safeguard the players’ rights with the proper investigation of the complaints. Regular criminal activities are monitored by it to mitigate the illegal actions. It inspires operators to monitor the players’ behaviour during the betting to ameliorate the problem regarding suspicious activities.
People in UK have taken gambling as a pastime
From 2018 to 2019, the gambling industry has become a 14.3 billion dollar industry here. There is no sign that it will slow down soon. This industry holds the largest share, which represents 38.6% on the whole. In total GGY, slot gaming is covering 69.3% specifically, which has made it one of the most popular table games. Sports betting has become popular in this area which has generated 2.1-billion-pound revenue in a year in the horse and football betting sector.