The Malta Gaming Authority (MGA) has recently issued two important updates for the gaming industry. The first announcement addresses unauthorised operators, while the second provides guidance for licensees seeking to surrender their licenses. These updates reflect the MGA’s commitment to maintaining the integrity of the gaming sector and ensuring compliance with regulatory standards.
Unauthorised Operators Alert:
The MGA has identified several entities operating without authorization. These entities include catcasinosx.com, vkgame11.site, ob9sg.com, 20winpkr.com, wuvq4.com, ey6dmx.com:6002, hthbet619.com, w88br.com, w88kub.com, fun-88.in/in, and Sbobet.com. The MGA emphasizes that these websites have no connection to the Authority, and any claims of possessing MGA-issued gaming licenses are false and misleading.
Consumer Awareness:
In its statement, the MGA emphasizes the importance of consumer awareness and caution. The Authority reminds consumers not to engage with services offered by entities unless they have verified that the entity is authorized by the MGA to provide such services. The MGA underscores that the gaming regulatory framework mandates authorized operators to adhere to stringent legal requirements, prioritizing consumer protection.
Guidelines for License Surrender:
In a separate update, the MGA has issued official guidelines detailing the process for operators seeking to surrender their gaming licenses. These guidelines outline the steps and requirements for a smooth and compliant license surrender process.
Key Guidelines:
Operators must inform the MGA of the exact date and time when they will cease accepting new business.
A clear and documented reason for the license surrender must be provided.
Operators should outline their plan for managing player balances and funds-in-play during the transition.
Licensees are required to settle any outstanding dues related to gaming license fees and taxes.
A data extraction exercise will be carried out as part of the license surrender review.
The licensee is expected to submit the completed ‘Licence Surrender’ application via the Licensee Relationship Management System (LRMS), with a minimum notice period of 20 days.
Regulatory Compliance:
The MGA’s guidance underscores the importance of fulfilling all regulatory obligations and financial responsibilities during the license surrender process. It ensures a structured and transparent approach to exiting the gaming market.
Recent Enforcement Action:
Additionally, the MGA has taken decisive enforcement actions, such as the cancellation of authorization against AMGO iGaming Malta due to three separate breaches of regulations. This exemplifies the Authority’s commitment to maintaining the highest standards of compliance within the gaming industry.
The Malta Gaming Authority’s updates on unauthorised operators and license surrender procedures exemplify its dedication to safeguarding the gaming sector’s integrity and ensuring regulatory adherence. By providing clarity on unauthorised operators and outlining the steps for license surrender, the MGA aims to maintain a transparent and compliant gaming environment, protecting both consumers and the industry itself. These measures demonstrate the Authority’s vigilance in upholding the highest standards of governance and oversight.