India has one of the most complicated gambling markets in the world. This has been attributed to the laws that govern gambling activities in the country, which are outdated, and despite the numerous requests for these laws to be reviewed, the government has always shown strong resistance to legislative change.
Malta Gaming Authority is one of the world's leading agencies, which not only wields the legal power to license casinos and online websites but also manages and regulates how the market is run. Before online gambling operators attempt to provide wagering services to players they are required to obtain a license. Where the casino is situated, who the patrons are, and what type of services the casinos wish to offer, are all taken into account when the license is issued. The authorities, such as Malta, have the legal jurisdiction to provide online casinos with permits, which allows them to provide legal betting services. Malta has a monopoly in India and its surrounding areas and controls most of the sites and casinos while providing world standards which compares to the international gambling market.
The permit that Malta issues is one that manages practically all the types of betting which is allowed in the state. The types of wagers include strategy games, sports betting, chance games, and horse racing. The Malta policy is one that protects under-aged and vulnerable players, which is important to the operator, and ensures that all the venues which are licensed by them adhere to all the gambling regulations and responsibilities as set out by the responsible gambling council. The operators will also generally work together with non-profit organizations to ensure that gambling addiction does not take place at any of the locations as well as make sure that KYC's are filled in at all times to combat illegal or harmful behaviors and protect young players.
Part of the application process involves the right for the agency to have jurisdiction over the player's deposits. Malta Gaming reserves the right to issue vetting permits to businesses as long as the business abides by all the rules and regulations as set out by the regulations. The gaming authority is known to protect all players and to ensure that their deposits and best interests are always fairly imposed. Players are also always informed that if they experience any issues or problems with how the establishment operates, that they can contact the authority and that their issues will be dealt with. Malta does all of this as well as makes certain that there is no bias towards any patrons and that any new software or products that are intended to be installed at any of the venues adheres to the regulations and standards. The most important aspect in the terms and conditions of any license or permit that was issued to anyone is that the stringent rules as set out by the gaming authority is followed. This is why these permits and licenses are in such demand as the regulatory body acts as a watch-dog and checks in periodically to ensure that proper business practices are being followed as is required by the Agency.
If you thought that obtaining a license for Malta is an easy process, think again. It is probably one of the most complicated processes within the industry. It could take up to 60 days to be vetted and that period may be extended by another 30 days if the audit firms who are contracted to do the vetting are not completely happy that all the blocks have been ticked. Before an operator can even qualify for a gambling license they have to have a start-up capital which ranges between an approximate amount of plus/minus €35,000 to €100,000. The amount due is dependent on the type of license that the operator wishes to obtain. Recently, Malta introduced two options. The first one, a B2C permit is provided to operators who have both brick and mortar venues, where bets and wagers are available as well as online betting facilities. The second option is the B2B permit, which is issued to permit holders of the B2C permit and allows them to use different kinds of software as well.
India's laws concerning gambling in general have never been clear but this hasn’t stopped patrons from dabbling in offshore-based casinos. Some of the states where they can control their online gambling markets such as Sikkim, Goa, and Nagaland are territories governed by state-laws that are open to games such as lottery and bingo. Indians are allowed to bet and play in foreign casinos, which are managed and licensed by Malta Gaming Authority, that are safe for Indian punters to enjoy the freedom of experiencing excellent gambling experiences.