Mwali International Gaming Authority – Gaming License

Mwali International Gaming Authority is one of the institutions in the Union of the Comoros that issues offshore licenses for online casinos and sportsbooks. Even though it is not that widespread, and online operators often prefer such jurisdictions as Anjouan or Curacao, there are still dozens of gambling destinations that operate under this permit.

Is It Safe to Play at Casino with Mwali Gambling License?

Well, it is not a benchmark in the gambling industry, but operators that work under the license issued by Mwali International Gaming Authority are just as good as those operating under other offshore licenses. Casinos still need to comply with all the standards, fight money laundering, and ensure a decent level of player protection. 

Please note that those are often crypto casinos that obtain it. Therefore, you will need to know how to make transactions in different cryptocurrencies if you decide to register at one of the Mwali-licensed operators. 

Why Casinos Choose It Over Other Licenses?

The main reason is the cost and speed of acquisition. Thus, operators need to pay around 22,000 EUR to obtain it. They need to wait for about 1-3 weeks, which is super fast. One more reason is 0% taxes that the casino needs to pay.

Advantages and Disadvantages of the Mwali Gaming License

There are plenty of advantages for casino owners that encourage them to apply for the gambling license in this jurisdiction, namely:

• Low requirements for authorized capital, so it is perfect for a startup casino that does not belong to any network.
• A possibility to target offshore markets.
• No taxes on dividends.
• Licensing covers all the popular kinds of gaming.
• Quick processing time.

As for the disadvantages, there are several of them, namely;

• Limited recognition, meaning it is not suitable for regulated gambling markets in the EU. 
• More scrutiny from payment providers.
• Reputational constraints and refusal of partnership. 

What do those pros and cons mean for a player? First of all, players from a wide range of jurisdictions will be allowed to register and play. Even if there is no gambling market in your country of residence, chances are high that you will be able to wager at a casino with a Mwali license. 

Some casinos might have a bit higher average RTP percentage, as they do not need to pay taxes on dividends. Regarding the selection of games, such brands often have all the popular casino genres and sportsbooks available. However, the choice of software providers might be slightly limited. 

Finally, chances are high that such operators are crypto-exclusive or have a very limited choice of fiat-friendly payment methods. At the same time, this also means that the KYC policy is not that strict.