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Malta recognizes online casinos standards

Online casinos all over the world have seen an increase in traffic from the casual player to the more dire-hard gambler in the online entertainment gambling industry, and they are aiming to better security and the best standards across the board to compete with other top notch online casinos in the industry.
The Lotteries and Gaming Authority of Malta (LGA) and independent online casinos monitoring association eCommerce and Online Gaming Regulation and Assurance (Ecogra) have recently agreed to cooperate further in pursuit of player protection measures at online casinos.
The deal comes with certain conditions, but the common goal is player protection at online casinos and agreeing to standards that regulate online casinos and create a safe game play environment at online casinos on the world wide web.

Because of some new conditions, the LGA has agreed that operators using software supplied by eCOGRA members, and that is subject to eCOGRA’s principles and testing methodologies, will not be required to submit to further review and monitoring processes required for the award of a Malta online casinos license. The LGA will continue to use its own strategy in conducting due diligence investigations on all online casinos applicants to decide on their suitability as licensees and to review other appropriate areas addressing player protection and responsible operator conduct at online casinos.

The results are born out of investigations by the LGA in a search for optimum testing and operational systems at online casinos. The nation Malta is a full member of the European Union.

The online casinos collaboration will potentially apply to a wide range of online casinos and poker rooms, comprising a significant proportion of the available business. Malta numbers 71 online casinos as licensees, and there are now 76 major Internet venues carrying the eCOGRA "Play It Safe" seal.

In the future, the sites will get together further to make sure player disputes are heard fairly, independently and within a reasonable timeframe. The LGA has its own compliance and disputes officer and eCOGRA offers a dedicated dispute mediation service through its Fair Gaming Advocate.

In a statement, Mario Galeo, the CEO responsible for Malta licensing, said that he is pleased with the agreement reached with eCOGRA and looks forward to close cooperation and communication in the interest of creating better conditions in the online gambling industry.

Galeo said, “We share a common purpose in seeking to ensure that the player is given fair gaming and efficient, courteous service by casinos and poker rooms that are licensed and regulated by our respective bodies.” He added, “We look forward to a closer working relationship that benefits both the players and the industry in the years ahead.”

Andrew Beveridge of ECOGRA also commented that he was happy LGA had approved the testing procedures. He added, “eCOGRA is keen to interact with any jurisdiction that shares our values and we regard this closer relationship with the LGA as a significant step toward consistent global regulation for safe online gambling.”




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