Malta Gaming Authority is publishing amendments to the directive on player protection it has issued. Through the changes, it will harmonize the minimum Return to Player (RTP) percentage for licensees across the industry. The change includes a reduction in the current minimum return rate (applied to operators offering their games online) from 92% to 85%.
The MGA feels that responsible decision-making requires that feedback from industry stakeholders is to be taken into account. Therefore, the Authority held a closed consultation to better assess the profitability of the proposed minimum return rate change.
The consultation was held in May 2021, and it involved many industry stakeholders, such as B2B and B2C operators as well as consultants.
The consultation procedure enabled the Authority to better understand the participants’ views on the optimal RTP percentage and the potential impact of the change in the minimum RTP threshold on stakeholder operations, product offering, and competitive position.
In addition, MGA conducted a comparative analysis of the applicability of RTP percentages, which has been utilized in selected jurisdictions throughout the EU and outside of it.
RTP info must be easily available for players
In due course, the MGA will publish further amendments to the Directive as it is committed to protecting consumers, especially minors and vulnerable individuals.
All licensees are reminded that the rules of the game must be easily accessible by the player. If the service is provided through a browser, it has to be ensured that the rules of the game are readable at most one click away from the page on which the game can be played. For games that need to be downloaded and installed on a compatible device, licensees must also ensure that game rules are presented to the player anyway before the player sets their first bet on the site. To avoid ambiguity, this requirement also applies to mobile casino websites and mobile device applications.
What exactly is RTP?
Return to Player (RTP) tells you how much of the money that players have invested in the game will be returned to players in the long run. For example, if the RTP is 96%, it means that €96 of the 100 euros will be returned to players as winnings and the game owner will keep the rest. In other words, the higher the RTP, the more likely a player is to win.
RTP is calculated using a simple formula: the winnings paid by the game are divided by the stakes-placed in the game. For example, if a total of €10,000 has been wagered in one game during the month and it has paid back €9,600 to its players, the slot’s RTP is 96% (€9,600 / €10,000 x 100%).
RTP for all games is always below 100% because of the house advantage. Of course, the RTP percentage of any game doesn’t apply to every spin, but in the long run, the house does always grab its own.
MGA’s license is the most popular in the EU
The license issued by the MGA is the most seen in casinos operating in the EU. MGA is a well-known and reputable gaming authority, and it has a long history as well as a large customer base. Casinos have wanted to set up their main offices on the sunny island of Malta also because of its low state taxation.
Playing at an MGA-licensed online casino is extremely safe. Your personal information is safe, and you can safely make money transfers on all sites licensed by the MGA. In addition to security, the MGA license is also a guarantee that casino games are based solely on luck and that no fraud exists in any form.