Cancellation of Authorisation for Watch World Luxury (C82223)

The MGA has decided to cancel the authorisation awarded to Watch World Luxury Limited (MGA/B2C/589/2018) effective as of 28 June 2020 in terms of regulation 10 of the Gaming Compliance and Enforcement Regulations (S.L. 583.06) hereinafter “the Regulations”.

Watch World Luxury 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 Watch World Luxury Limited for having breached the following paragraphs of regulation 9(1) of the Regulations as per details shown hereunder: –

  • Acting contrary to, or not adhering to the fullest extent possible to, an order issued by the Authority (Third Schedule of the Gaming Act (Chapter 583 of the Laws of Malta))
  • Failure to ensure the integrity and availability of essential regulatory data (Third Schedule of the Gaming Act (Chapter 583 of the Laws of Malta))
  • Failure to designate Key Function Roles (Article 5 of the Gaming Authorisations and   Compliance Directive (Directive 3 of 2018))

This decision may be subject to an appeal in terms of article 43 of the Gaming Act (Cap. 583).

Skip to content