Malta Gaming Authority suspends Goldwin licence
The Malta Gaming Authority has suspended Goldwin's gaming licence following regulatory breaches, requiring the company to provide access to player accounts and refund all player funds.
Key points:
– Malta Gaming Authority (MGA) suspended Goldwin gaming licence effective 25 September 2024
– Goldwin is required to retain access to player accounts and refund all player funds
– The suspension follows breaches of multiple provisions under Malta’s Gaming Compliance and Enforcement Regulations
– Goldwin has the right to appeal the decision under the Gaming Act
The Malta Gaming Authority (MGA) has suspended the gaming licence of Goldwin. Goldwin, holder of MGA licence MGA/B2C/533/2018, is no longer authorised to operate any gaming services.
However, the company is required to maintain access to player accounts and refund any outstanding balances, in accordance with Maltese law.
The MGA’s decision was based on multiple breaches of the Gaming Compliance and Enforcement Regulations (S.L. 583.06).
The regulator cited specific infractions, including actions that posed an imminent threat to players’ interests, failure to comply with regulatory obligations and delays in fulfilling commitments to players.
The infractions include:
– Regulation 9 (2) (b), which concerns the imminent threat of serious prejudice to players’ interests.
– Regulation 9 (1) (c), which deals with the failure to comply with legal or regulatory obligations.
– Regulation 9 (1) (i), related to the company’s failure to meet commitments to players.
– Regulation 9 (1) (m), where the MGA determined there was sufficient reason to suspend the licence.
Goldwin has the right to appeal the suspension under article 43 of the Gaming Act (Chapter 583 of the Laws of Malta).
Recently, the MGA has also granted new licences and recognitions. For example, in September 2024, LuckyStreak, a live casino provider, received a Recognition Notice from the MGA, allowing it to offer B2B services under the Maltese regulatory framework.
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