Malta Gaming Authority Strikes Again: Winners Malta Operations Loses License

In a startling turn of events, the Malta Gaming Authority (MGA) has once again flexed its regulatory muscle.

Winners Malta Operations, a prominent player in the iGaming industry, recently faced the heat as the MGA took decisive action. Join us as we unravel the details of this significant development.

Winners Malta Operations Faces the MGA’s Axe: A Closer Look

Winners Malta Operations, a familiar name in the world of online gaming, found itself in hot water when the Malta Gaming Authority wielded its authority with a license cancellation order. This ruling, effective from January 11th, has left Winners Malta Operations with no choice but to halt its activities under the MGA license.

While the MGA did not publicly divulge the exact reason behind this stern decision, it outlined a series of mandatory steps that Winners Malta Operations must follow promptly.

License Revoked: The Immediate Consequences

In compliance with the MGA’s directives, Winners Malta Operations is required to settle any outstanding fees owed to the authority within a mere five days from the date of license cancellation. Moreover, the operator must take the necessary measures to refund funds to its customers promptly. To add an extra layer of accountability, Winners Malta Operations is obligated to furnish a detailed report to the regulator, confirming the completion of this reimbursement process.

Additionally, the operator must expunge all references to its erstwhile Malta license from its websites to align with the regulatory standards.

The Malta Gaming Authority did provide a glimmer of hope for Winners Malta Operations by stipulating that the decision to revoke the license could be subject to appeal.

MGA’s Stringent Stance: Recent Regulatory Actions

Winners Malta Operations joins a growing list of operators who have found themselves at odds with the vigilant Malta Gaming Authority. In recent weeks, the MGA has been on a spree of suspensions and cancellations.

Notably, Genesis Global’s B2C gaming license met the same fate just days ago. What started with a suspension in January last year culminated in a complete license cancellation, rendering Genesis Global ineligible to offer any form of gambling under the permit. The operator had previously been running a portfolio of 23 websites under this license, including popular platforms like Vegasoo.com, Sloty.com, Casinojoy.com, Spinit.com, and Genesiscasino.com.

Last week, Rush Gaming faced the suspension of its license until further notice, impacting both the Fansbet.com and Onebet.com websites operated by the company. In parallel, Betago, another operator, had its license revoked, with strict directives to return all player funds and eliminate any references to the permit from its online platforms.

As the Malta Gaming Authority continues its crusade for a well-regulated iGaming industry, these developments serve as stark reminders of the stringent oversight in place to protect players and maintain integrity within the sector.

The post Malta Gaming Authority Strikes Again: Winners Malta Operations Loses License appeared first on Gamingo News.

In a startling turn of events, the Malta Gaming Authority (MGA) has once again flexed its regulatory muscle. Winners Malta Operations, a prominent player in the iGaming industry, recently faced the heat as the MGA took decisive action. Join us as we unravel the details of this significant development. Winners Malta Operations Faces the MGA’s
The post Malta Gaming Authority Strikes Again: Winners Malta Operations Loses License appeared first on Gamingo News.