Recently the Malta government announced a new online casino regulation policy for online casinos in Malta. The aim of this policy is to strengthen the Malta casinos in terms of regulation, operation, management, risk management and gaming ethics. Through this policy the government is attempting to protect its online gaming sector from non gamstop casinos international threats such as those coming from the European Commission and other countries that may regulate online gambling through restrictive laws and licensing criteria. In the past, the main barrier that came from other countries trying to regulate online casinos in Malta was the requirement for a written agreement from all online gaming operators in order to qualify for a licence to operate. While this still applies today, the Malta government is working on improving the process in hopes of reducing the costs associated with regulating online casinos.
One of the ways in which online casino self-exclusion’s schemes work is by requiring operators to inform the Gaming Control Authority (GCA) of any instances where they have engaged in any type of gaming on their properties. For instance, a licensed casino would inform the GCA if it had paid an award to a professional or unlicensed individual that was based on the outcomes of that person’s online gambling habits. The GCA then takes action based on these findings. It is the intention of the GCA not to license an online casino that fails to comply with the regulations set out by the GCA. The self-exclusion scheme therefore requires online gambling establishments to engage in good gaming practices that will ensure that they are complying with the law.
In addition to these requirements, the law requires operators to be honest about the types of bonuses offered to players. Online gambling is a very addictive activity. Many players make their habit of playing more money as the game goes on in order to earn bigger bonuses. This can encourage dishonest play by some operators, thus decreasing the amount of bonuses available to players and encouraging the use of bots in the process.
There is also a possibility that some unlicensed casino casinos are associated with high-risk games like poker which carry a high payout. Some players may not wish to take the risk for fear of losing their money. In such cases, if they win, the bonus may be reduced from its original amount. However, players can avoid using unlicensed casinos in order to save themselves from this risk, as there is no guarantee that the payout will be higher in these types of gambling habits.
The GCA aims to prevent the operation of unlicensed gambling establishments from occurring. To this end, it requires all licensed casinos to post a notice that warns players about the bonus requirements. These notice requirements also include stipulations about the minimum amount of money that an individual player can win from the bonus. It should be noted that this does not apply to all online casinos, only those that are members of the GCA are bound to post these requirements.
Other types of bonuses that require players to register with a casino are VIP bonuses, sign-up bonus, and slot machine bonus. Players who wish to play these games with higher payouts should ensure that they do not register with any online casino that is not a member of the GCA. The presence of the yellow triangle symbol in the bonus signup bonus box indicates that the casino is an accredited member of the GCA.