The MGA has issued a notification regarding the cancellation of AMGO iGaming’s license.
The MGA has revoked the license of AMGO iGaming Malta due to three significant violations. The regulator has issued a notice informing the gaming company of the cancellation.
Initially, AMGO iGaming was unable to fulfill the complete yearly licensing payment for the timeframe of November 22, 2022, to November 22, 2023. As stated by the Maltese governing body, the company currently has an outstanding balance of €13,915.12 (equivalent to approximately $14,700), which is in contravention of Regulation 3 (1) (b) of the Gaming License Fee Regulations.
Furthermore, the licensee was in breach of Regulation 3 (1) (a) and Regulation 6 of the Gaming License Fees regulations for not fulfilling their obligation to pay the necessary compliance contribution fees to the MGA.
The MGA concluded that there is evidence indicating that AMGO iGaming has not fulfilled their obligations to players in a timely manner. If this is the case, the Maltese regulatory body believes that a violation of Article 38 of the Player Protection Directive is likely to occur.
AMGO iGaming must provide a response within 20 days.
The MGA stated that AMGO iGaming must provide a written explanation within 20 days regarding its violations and provide reasons why its license should not be revoked by the MGA.
The MGA has requested that the gambling operator in question pay any outstanding fees. The Maltese authority stated that the operator will be subject to the relevant interest rate outlined in the Income Tax Rules for any delayed payments.
The MGA reiterated that the license of the gambling operator will be revoked if they do not promptly communicate with the regulatory body. Additionally, the MGA stated that they reserve the right to take further action regarding any outstanding fees, if necessary.
Other MGA News
The announcement was made following the revocation of Arabmillionaire Limited’s license by the MGA for similar violations. Despite being notified, the company did not adequately respond, resulting in the regulator officially canceling their authorization number.
In recent MGA-related updates, CEO Carl Brincat has announced his resignation from the regulatory body. Brincat’s departure is scheduled for January 25. The MGA is currently seeking a qualified replacement who will observe Brincat for a few weeks before officially taking over the role on January 26.
Brincat acknowledged that it was a challenging choice to depart from the MGA. He expressed his sincere satisfaction with his experience at the Maltese regulatory agency and shared that he will remain invested in the Maltese gaming industry.
