Malta’s gambling regulator, the Malta Gaming Authority (MGA), has issued a statement to clarify that the authority has no connection with phlove.org.
“Any reference to the MGA and/or gaming licence/s said to be issued by the Maltese Authority, as stated by phlove.org, is false and misleading,” it said in a statement.
The regulator reminded consumers not to utilise services provided by an entity unless they have ascertained that it is authorised to provide such services by the MGA.
The gaming regulatory framework obliges authorised persons to comply with strict legal requirements in the interest of consumers.
The activities of unlicensed entities are unregulated and do not provide the necessary safeguards delineated by virtue of the framework, making transactions with such entities risky for consumers.
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These bonds were originally issued in 2019 and scheduled to mature between 2024 and 2026