MGA cancels authorisation of Evobet licence

The Malta Gaming Authority (MGA) has made the decision to cancel the authorisation awarded to Evobet, which means it will lose its licence. The sanction was imposed after Evobet was said to have breached article nine of Malta’s ‘Gaming Compliance and Enforcement Regulations.‘

hhpp

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. 

Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium Connections
Consultancy
Executive Profiles
Seminole Hard Rock Support Services
Seminole Hard Rock Support Services
Metropolitan Gaming
Holland Casino
Nederlandse Loterij
Follow Us

Facing Facts: Q1 2024 analysis from across the globe

Gambling Insider tracks the Q1 results of operators across t...

Taking Stock: A guide to sports betting operator and supplier prices

Gambling Insider tracks sports betting operator and supplier...

Tailor-made: The power of personalisation in the modern gaming industry

With insights from GR8 Tech, Greentube and the Oregon Lotter...

Sportradar and the Taiwan Sports Lottery: More offerings, greater efficiency

Danny Fok, VP of Strategic Projects at Sportradar, speaks al...