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Online Casinos in general: Conditions player protection

Topic created on 19th Jan. 2019 | Page: 1 of 1 | Answers: 1 | Views: 1,724
tobineu
Amateur
Hello people

what are the requirements for Player protection set by the MGA?

Does an OC have to have Deposit limits deposited without much of a detour?

From how many consecutive deposits or from which total deposit within a short period of time does the OC have to make a cut?

Are there any guidelines?

This post has been translated automatically

Anonym
Hardly anyone here will know that exactly, but you are welcome to read up: https://www.mga.org.mt/legislations-regulations/#newregulatoryframework

Of course I'm not that mean, e.g. which limits have to be there you can find in the Player Directives (https://www.mga.org.mt/wp-content/uploads/Player-Protection-Directive.pdf) under "Part V Limits":


(4) B2C licensees shall offer players the possibility to set the following limits: (a) Deposit limits: where the amount of money or money's worth the player can deposit is limited for a period of time; and, or

(b) Wagering limits: where the amount of money or money's worth the player can wager is limited for a period of time: Provided that for the purpose of calculating the amount wagered when a wagering limit is implemented, only the amount of money or money's worth a player wagers from his own deposited money shall be taken into account. For the sake of clarity, if a player sets his wagering limit at ten Euro (€10) and is given €10 as a bonus, the player is deemed not to be exceeding the wagering limit if he wagers the deposited amount and the bonus amount; Provided further that, any winnings made are not subject to the wager limit set by the player and, or

(c) Loss limits: where the amount of money or money's worth that can be lost by the player is limited for a period of time: Provided that for the purpose of calculating the loss when a loss limit is implemented, only the amount of money or money's worth a player loses from his own deposited money shall be taken into account. For the sake of clarity, if a player sets his loss limit at ten euros (€10), wagers €10 and wins €90 (and therefore increasing the total amount owed to him to €100) and subsequently loses €95, the loss incurred by the player is deemed to be €5 and not €95

Of particular interest is the loss limit, which some have complained about. The MGA has written in this regulation, the casinos just accept it with thanks.

Addendum: So that it is also clear, in the link that I have specially linked it is about Player protection in general. If you do not understand something I can translate it to you or if there is interest I make a small summary of the MGA regulation in German.

This post has been translated automatically

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