The Malta Gaming Authority has decided to cancel the authorisation awarded to Fantasy Sport Limited (MGA/B2C/389/2017) effective as of 19 November 2020 in terms of regulation 10 (1) (a) of the Gaming Compliance and Enforcement Regulations (S.L. 583.06).
Fantasy Sport Limited is thus no longer authorised to carry out any gaming operations, register new players or accept new customer deposits, but is required to retain and provide all registered players with access to their player accounts and to refund all funds standing to the credit of players in line with the applicable law.
This sanction is being imposed upon Fantasy Sport Limited for having breached regulation 9(1) of the Regulations, as per the reasons manifested hereunder: –
- the Authorised Person has failed to comply with one or more applicable obligations in terms of any regulatory instrument or any other applicable law of Malta; and
- the Authorised Person has failed to pay in a timely manner all amounts due to the Authority.
This decision may be subject to an appeal in terms of article 43 of the Gaming Act (Cap. 583).