MGA FB

The Maltese iGaming regulator took action against DGV after it failed to make the necessary licence and compliance fee payments.

The MGA first issued the notice of cancellation earlier this month after flagging a number of breaches.

DGV Group secured a licence with Malta’s gambling regulator in 2019 within the B2C category to provide ‘Type 1 Gaming Services’. The company, who’s shareholding is evenly split between Russian nationals Denis Volodin and Galina Volodina, was identified by the regulator of having a total of four breaches to the conditions of its licence.

The MGA said it failed to pay the authority the applicable licence fee for the year 2021, pertaining to November 2021 – November 2022, amounting to €25,000.

The company was also found to have repeatedly failed to pay applicable compliance contribution fees to the authority, amounting to €10,333.

To date, the authorised person within DGV Entertainment Group failed to submit audited set of financial statements for the period covering January to December 2020 within the timeframe stipulated by law.

Lastly, it was found the company failed to submit interim financial statements covering January 2021 to June 2021 by the August deadline.

DGV now have 20 days from 24th August to file an appeal over the cancellation before the Administrative Review Tribunal.

Continue Reading

Altenar announces Kero Gaming partnership to bolster micro-betting offering

11 June 2024
by iGamingCapital.mt

Altenar becomes first sportsbook software provider to adopt supplier’s micro-betting technology

GiG signs new partner for next-gen Sportsbook

10 June 2024
by iGamingCapital.mt

The full signed agreement will see GiG’s sportsbook SportX and platform CoreX launch into strategically targeted multi-jurisdiction European markets

Playson announces first Gibraltar-licensed operator partnership with BoyleSports deal

6 June 2024
by iGamingCapital.mt

The partnership with BoyleSports marks Playson’s first commercial tie-up since it was granted a B2B license by the Gibraltar Licensing Authority

ESA Gaming grows European footprint with Fortuna Entertainment Group

5 June 2024
by iGamingCapital.mt

The deal with Fortuna marks the latest expansion in regulated European markets for ESA Gaming

See more