The Malta Gaming Authority (the “Authority”) has decided to cancel the authorization granted to Betago Limited (the “Authorised Person”), bearing reference numbers MGA/B2C/355/2016, effective from 8 January 2024 under rule 10 (1) (a) with direct application of the reg. 9 (1) (c), (d), (i), (l) and (m) and rule 10 (1) (b) of the Gaming Compliance and Enforcement Regulations (S.L. 583.06) (the “Regulations”).
“Pursuant to the above decision, the Authorized Person is invited to:
- Settle all outstanding fees owed to the Authority within a period of seven (7) days from the effective date above;
- Refund all players' money to legitimate players accordingly and in line with the Gambling Act (Chapter 583 of the Laws of Malta) (the “Law”) and regulatory instruments issued thereunder;
- Submit to the Authority a transaction report extracted from their back-end system together with supporting bank statements, certifying that all player funds have been duly paid out to registered players, within a period of seven (7) days from the date of receipt of this letter;
Provided that the Authority reserves the right to require the Authorized Person to provide the facilities necessary for the Authority to enable the Authority to extract and make copies of relevant data, including, but not limited to, essential regulatory data such as defined in the Game Definitions Rules (S.L. 583.04). - Delete, with immediate effect, any reference to the Authority and the authorizations referred to in Article 51 of the law.
This decision has been published pursuant to Article 12 of the Regulation and may be subject to appeal pursuant to Article 43 of the Law."
