DGV Entertainment loses Malta licence following breach
The Malta Gaming Authority (MGA) has announced its intention to cancel online casino operator DGV Entertainment’s licence, citing numerous regulation infringements.
DGV was found to have breached regulation 3(1)(b), by failing to pay its €25,000 ($25,524) licence fee for 2021. The MGA confirmed this fee is still outstanding.
DGV was also found to have breached regulation 3(1)(a), by failing to pay the regulator applicable contribution fees, amounting to €10,333, within the timeframe stipulated in the gaming licence fees regulations.
Additionally, DGV was found to have infringed Article 41(2)(a) of the Gaming Authorisations and Compliance Directive, by failing to submit audited financial statements for the period covering January 2020 to December 2020 within the specified 180-day timeframe.
Finally, DGV is said to have breached Article 41(1) of the Directive, failing to submit interim financial statements for the period covering 1 January 2021 and 30 June 2021 by the 30 August deadline.
The MGA confirmed that, in light of these breaches, it has moved to cancel DGV’s licence. The operator has 20 days from 4 August to appeal the decision; it must provide evidence to show why the cancellation should not go ahead and settle its outstanding fees.
The licence was cancelled, with Field of Fortune ordered to pay all outstanding fees to the regulator immediately.
The same month, the MGA cancelled BIB Limited’s licence, in light of a range of breaches, including non-payment of fees.
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