MGA Shuts Down Super7Plus

MGA Shuts Down Super7Plus: Third License Cancellation in a Week

In a swift and unprecedented move, the Malta Gaming Authority (MGA) has taken a decisive stance by cancelling three online gambling licenses within a single week.

This remarkable series of events has raised eyebrows in the iGaming industry and prompted questions about the reasons behind these license cancellations.

In this comprehensive analysis, we delve into the MGA’s recent actions, shedding light on the circumstances surrounding the revocation of licenses for Super7Plus, Winners Malta Operations, and Genesis Global.

Super7Plus Licence Cancellation: A Stern Message

The first domino to fall in this sequence of license cancellations was Super7Plus. The MGA officially revoked their online gambling license, marking a significant escalation in regulatory enforcement. This move compelled Super7Plus to cease all MGA-licensed activities conducted through their Super7.plus website and promptly remove any references to their MGA license. Moreover, the operator was given a tight deadline of five days from the January 17 notice to settle all outstanding fees. Additionally, Super7Plus was instructed to facilitate player withdrawals and provide documented evidence of these refunds through transaction reports. While Super7Plus retains the option to appeal the MGA’s decision, the regulator’s actions demonstrate a firm commitment to upholding the integrity of Malta’s gaming industry.

Winners Malta Operations and Genesis Global: License Termination Continues

Following the cancellation of Super7Plus’s license, Winners Malta Operations and Genesis Global found themselves in the crosshairs of the MGA’s regulatory scrutiny. Both operators had their licenses terminated in quick succession. Genesis Global, in particular, had already faced suspension of its license in January 2023. Under this license, the operator managed an impressive portfolio of 23 sites, including well-known platforms like Casinojoy.com, Genesiscasino.com, and Sloty.com. The rationale behind these actions remains undisclosed by the MGA, leaving industry observers and stakeholders in anticipation of further details.

Rush Gaming and Betago: The Preceding Suspensions

In the weeks leading up to these recent license cancellations, the MGA had already taken substantial regulatory measures. Rush Gaming’s license was suspended, impacting its operation of platforms like Fansbet.com and Onebet.com. Concurrently, the MGA revoked the license of Betago. However, the regulator did not provide explicit reasons for these suspensions and cancellations, sparking speculation within the gaming community.

A Changing of the Guard

December brought another significant development within the MGA as Charles Mizzi was announced as the incoming Chief Executive, set to take office on January 26. This leadership transition marked the conclusion of Carl Brincat’s term as CEO, following his appointment in January 2021, succeeding Heathcliff Farrugia. Mizzi’s diverse professional background includes serving as the CEO of the Residency Malta Agency, a government entity overseeing the Malta Permanent Residence Programme, as well as holding key positions in the banking sector.

Conclusion

The Malta Gaming Authority’s recent string of license cancellations has sent shockwaves through the iGaming industry. While the reasons for these actions remain undisclosed, they underscore the regulator’s unwavering commitment to maintaining the highest standards of integrity and compliance within the Malta gaming industry. The appointment of Charles Mizzi as the new CEO signals a new era for the MGA, promising fresh perspectives and strategies in the ever-evolving landscape of online gaming regulation.

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MGA Shuts Down Super7Plus: Third License Cancellation in a Week In a swift and unprecedented move, the Malta Gaming Authority (MGA) has taken a decisive stance by cancelling three online gambling licenses within a single week. This remarkable series of events has raised eyebrows in the iGaming industry and prompted questions about the reasons behind
The post MGA Shuts Down Super7Plus appeared first on Gamingo News.