The Malta Gaming Authority has decided to cancel the authorisation awarded to E.G.G. Limited (the ‘Authorised Person’), bearing reference number MGA/B2C/744/2019, effective as of 20 November 2023.
This was done in terms of regulation d 10 (1) (c) of the Gaming Compliance and Enforcement Regulations (S.L. 583.06) (the ‘Regulations’).
Pursuant to the foregoing decision, the Authorised Person was directed to:
- Refund all player monies to the legitimate players accordingly and in line with the Gaming Act (Chapter 583 of the Laws of Malta) (the ‘Act’) and the regulatory instruments issued thereunder;
- Submit to the Authority a transaction report extracted from their back-end system together with the supporting bank statements, attesting that all player funds have been duly remitted to the registered players;
Provided that the Authority shall reserve the right to request the Authorised Person to provide the necessary facilities to the Authority in order for the latter to extract and make copies of the relevant data, including but not limited to, essential regulatory data as defined in the Gaming Definitions Regulations (S.L. 583.04).