Insolvency

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Whose Money Is a Casino Balance? Player Funds, Regulation 6 and the 90% Coverage Rule Under MGA Licensing

Money sitting in an account at a Malta licensed casino is not the operator's money. Maltese law classifies a player's withdrawable balance, credited winnings and stakes still waiting on an outcome as a separate patrimony that belongs to the player, held by the operator only in an administrative capacity. That classification is what decides who gets paid if the operator collapses, and it is the least discussed part of the Malta Gaming Authority's framework. Three Instruments, One Rule The protection does not sit in a single document. It is spread across three layers that work together. Instrument What it contributes Gaming Act (Chapter 583) Defines player funds and the player funds account Gaming Player Protection Regulations Ownership, segregation, creditor protection MGA Player Protection Directive Coverage ratios, account approval, supervision The MGA's own guidance points to a s…