The Malta Gaming Authority (the ‘MGA’) is suspending the authorisation awarded to Betago Ltd (the ‘Authorised Person’), holder of MGA licence MGA/B2C/355/2016, effective as of 22 August 2022, in terms of reg. 8 (1) (f) of the Gaming Compliance and Enforcement Regulations (S.L. 583.06) (the ‘Regulations’).
The Authorised Person is thus no longer authorised to carry out any gaming operations, but is required to retain and provide access to all registered players 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 the Authorised Person for having breached the following provisions emanating from reg. 9 of the Regulations, as per the reasons manifested hereunder:
- 9 (1) (c) of the Regulations since 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;
- 9 (1) (d) of the Regulations since the Authorised Person has failed to discharge financial commitments for its operations; and
- 9 (1) (l) of the Regulations since the Authorised Person has failed to pay in a timely manner all amount due to the Authority.
This decision may be subject to an appeal in terms of article 43 of the Gaming Act (Chapter 583 of the Laws of Malta).