Types of MGA Licenses
Gaming License
The most common one, suitable for casino games, sports betting, and lotteries.
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Controlled Skill Games License
Got a skill-based game? This is the one for you.
Supplier License
For those who develop games and software, you’ll need a Supplier License to distribute your products legally.
Benefits of Holding an MGA License
Credibility and Trust
Holding an MGA license isn’t just a legal requirement; it’s a badge of honor that can significantly boost your business’s reputation.
Access to Markets
With an MGA license, you can tap into lucrative European markets, amongst others.
Pitfalls and Challenges
Strict Regulations
Be prepared for stringent compliance checks and ongoing monitoring.
High Operational Costs
An MGA License doesn’t come cheap, both in terms of initial investment and ongoing fees.
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MGA License in Different Jurisdictions
How MGA Compares to UKGC and Curacao
The MGA is often considered more stringent than Curacao but less so than the UKGC.
Recognition Across Borders
Renewing Your MGA License
Your MGA License has weight, but remember, not all jurisdictions will accept it.
When to Renew
Time flies when you’re having fun, but don’t forget to renew your license before it’s too late.
What You Need for Renewal
Same old, same old—updated documents and, of course, more fees.
FAQs
- How long does it take to get an MGA license?
Expect a 6 to 8-week timeframe for the initial vetting process. - Is an MGA License valid worldwide?
No, but it is widely accepted in many European countries and other jurisdictions. - How much does it cost to get an MGA License?
The initial fee can range from €25,000 to €35,000, depending on the type of license. - Do I need a physical office in Malta to get an MGA License?
Yes, a Malta-based office is a prerequisite for obtaining the license. - Can an MGA License be revoked?
Yes, if you violate any terms or engage in illegal activities, your license can be revoked.