Curacao Vs. MGA license? Creating a good casino brand is impossible without having a valid license. This license gives the iGaming company the ability to open a bank account to process player deposits and withdrawals and deal with software creators. The license also means that the non GamStop casino fully complies with the laws aimed at limiting money laundering and preventing underage gambling.
It worth noting that the license is issued in the name of the operating company, not one of the sites you own. For example, if you scroll down to the bottom of the Winner Casino's homepage you will find the Curaçao Gaming Control Board seal, but that license is for WinBet LTD, which is the company behind the casino. When entering the company's page on the licensing body's website, you can find an inclusive list of its brands.
In general, the presence of the license indicates that the casino use a proven software and swiftly pays players' winnings.
On this page, we'll compare them side by side and find out which one is better.
Curacao VS MGA license
What Is the Casino License?
All companies that provide a good or service online need to obtain government permission to legally provide their services to their customers. In the case of gambling, this is called a “casino license”. At the moment, there are a lot of commissions working on licensing gambling sites such as:
- Curacoa Gaming Control Board
Casinos outside GamStop are licensed by the Curaçao or Malta Gaming Commission. In the following lines, we will compare these two agencies precisely.
MGA Permit: 4 Classes of Licenses
Although Malta is a small country that is difficult to see on the map, it has a great position in the online gambling industry. Malta was the first country in the European Union to issue licenses to online gambling companies. This agency was set up in 2001 and it offers four types of gaming licenses, namely:
- RNG casino games
- Sports betting
- Keno, bingo, and poker
- License for casino games’ creators
It is worth noting that gambling companies can obtain only one license or apply for all license, according to their scope of services.
Pros & Cons of MGA License
MGA license have a good reputation among GamStop players. The following is a list of the main pros and cons of the MGA license.
Pros of MGA License
- Protect players and casinos.
- Combating money laundering.
Cons of the MGA License
- High tax rates
Curaçao: the Most Cost-effective License
For casinos, the Curaçao license is the most expensive right after the UKGC license. In Curacao, the tax system is still more attractive and easier to understand than in Malta. Also, the licensing process is simple and fast.
Pros and Cons of a Curacao Gaming Control Board License
Before addressing the pros and cons of the Curaçao Gaming Commission License it should be noted that protecting players, providing fair gaming, and securing users' personal and financial data are all taken for granted. Most of the following points pertain more to the casinos themselves. Curacao VS MGA charts:
Pros of Curacao Gambling License
- Zero Taxes
- Simple process
Cons of Curacao Gambling License
- Many restrictions
The process of obtaining a Curaçao license takes 4 to 6 weeks, while in Malta the process is longer and takes 3 to 6 months.
Is a casino license really Matter?
When you want to play in a non GamStop casino, one of the questions to ask yourself is: What are the potential losses? If you play at a reliable casino, you will not lose more than you deposited in any case. However, if you choose an untrusted casino you may lose your data privacy and may be exposed to fraud! Even if you get lucky and win some money, you may not be able to withdraw your winnings at all.
Therefore, in this case, you need an authority to intervene on your behalf to restore your rights. If you’re not a fan of litigation, the more important thing than licensing is the reputation of the casino itself.
Why Non GamStop Casinos Reputation Trumps Licensing
Reliable iGaming companies rely on the principle of good faith. In other words, straight non GamStop casinos don't want bad press! Smart casinos know that a few complaints can reduce their player base at lightning speed. Whereas, good reviews lead to more signups and deposits. So, the positive feedback is always more important than the seals of trust.
Best MGA & Curacao Casinos
- Hawaii Spins Casino
- Winner Casino
- Fire Scatters
- Yeti Win
- Koi Spins
- Twister Wins
- Jinx Casino
- Ocean Breeze Casino
Curacao VS MGA: Conclusion
Is the casino matter? Yes, of course! You should choose a legitimate casino. If the site is blatantly ignoring the laws, so how can you trust them? However, the main trait that you should focus on, even before licensing, is the reputation. You can find out about all the trusted casinos through our website and other trusted review sites.