Evobet License Terminated by MGA
The Malta Gaming Authority has made the decision to bring a halt to the license authorisation awarded to Evobet Limited (MGA/B2C/268/2012), namely the “Authorised Person”, effective as of 16 July 2021 in terms of regulation 10 of the Gaming Compliance and Enforcement Regulations (S.L. 583.06), hereinafter the “Regulations”.
The decision to cancel EvoBet’s authorisation was made after the “Authorised Person” was found to have breached regulation 9 of the MGA’s operating regulations.
According to the MGA, the Authorised Person failed to comply with at least one of the applicable obligations in terms of any regulatory instrument or any other applicable law of Malta.
As a result, the Authorised Person is no longer able to carry out any gaming operations, register new players or accept new customer deposits, but is still required to retain and provide all registered players with access to their player accounts, to refund all outstanding funds that may be owed to their applicable law and to settle all outstanding fees that are due to the Authority immediately.
This is a prime example of the continued regulatory enforcement being seen around Europe especially. Helping to contribute to a healthy, safe environment for iGaming customer’s sustained enjoyment.