MGA Cancels Three Gambling Licences
The Malta Gaming Authority (MGA) has cancelled multiple licences in the country, mostly as result of the failure to pay their licence fees. All three companies breached local regulations, seeing their licences being revoked whilst the companies have 5 working days to complete the outstanding amounts.
According to the statement of the authority, the iGaming businesses were ruled to have breached both regulation 10 (1) (a) and regulation 9 of Malta’s Gaming Compliance and Enforcement Regulations, which are references to payments due to the MGA. The three companies that are alleged not to have not stuck to the rules of the Maltese authority are eGaming Lab, Morpheus Game, M-Hub Gaming: three software providers.
Make Sure To Read: Gambling.com Buys Casinos.com Domain from Caesars
Payments Due to the MGA
In the case of eGaming Lab, the Malta Gaming Authority said the business failed to make payments for licensing to the MGA, with a total amount of € 50,083 (NZ$ 83.152) owed to the regulator. The Malta regulator said that the company is still required to pay the amount due despite cancelling the licence, with eGaming Lab having 5 working days from the date of the notice (sent on 29 November 2022) to comply with the payments due to the MGA.
Morpheus Games is also reported to have failed to make payments to the regulator in line with the conditions of holding a licence in the European country. According to the MGA, Morpheus Games owes a total amount of € 80,775 (NZ$ 134.110) to the regulator. It also has 5 working days to settle the fees with the same date of the notice of 29 November. The authority did not disclose the amount owned by M-Hub Gaming, nor did it demand payments. Like eGaming Lab and Morpheus Games, M-Hub Gaming was still ordered to remove any reference to a MGA licence. The regulatory approval has been withdrawn with immediate effect.
Make Sure To Read: LeoVegas Casino Manager Arrested for Insider Trading
Right to Appeal
Conforming to Article 43 (1) of the Malta Gaming Act, the three iGaming concerns do have the right to appeal the decision that cancelled the licences, should they rightfully feel prejudiced by the order. M-Hub Gaming, eGaming Lab, and Morpheus Games have 20 working days from the date of their respective notices to appeal against the decision, each of which was officially reported on the 29th of November. In its 2021 annual report, the MGA revealed that the number of cancelled licences has decreased significantly as the regulator decided to opt for lighter penalties such as warnings instead of more severe measures. The authority has not revealed the reason to opt for milder actions.
Make Sure To Read: Book of Dead Remains Most Popular Online Pokie
Our Recommended Casinos
All recommended online casinos by CherryRed hold one or multiple licences, mostly European licences with many of them issued by the Malta Gaming Authority (MGA). This regulator is one of the most reputed gambing authorities in the world. Every online casino listed on our website has been carefully picked by our experienced team of online casino reviewers with the licence being one of the most important criteria. As our recommended websites need to meet a wide array of performance metrics, Kiwi players are expected to enjoy a smooth online casino experience. We do always advise our readers to check out the platforms and eventually decide for themselves whether the websites suit your needs.
In-depth Online Casino Reviews? Check out our selection of NZ casinos.