Under the MGA licence, the company is required to obey Malta’s business laws. Evobet was seen to have failed to comply with ‘one-or-more applicable obligations’ in article nine, thus the cancellation of Evobet’s licence has been effective since 16 July 2021.
A further point was made whereby Evobet had ‘failed to pay in a timely manner all amounts due to the Authority.' This brought the enforcement of article 10, by which the regulator can ‘cancel the authorisation of a business’ deemed to have breached its article nine compliance obligations.
Evobet is no longer permitted to carry out any gaming operations, accept new customer deposits or accept new members or register any additional players. The MGA has since instructed Evobet ‘to provide all registered players with access to their player accounts, to refund all funds standing to the credit of players in line with the applicable law, and to settle all outstanding fees that are due to the Authority immediately’.
The Maltese iGaming industry has seen several controversial subjects for some time, with links to alleged financial crime.
Elsewhere in Malta, recent reports have shown the results of another iGaming industry company potentially linked to the claim of illegal proceeds, with further concerns raised on the legitimacy of the Maltese Gaming Authority itself.
