The Malta Gaming Authority announced the suspension of Arabmillionaire Limited for breaching the Authority’s regulations which include failure to comply with regulatory requirements and to disclose financial commitments of its operations, breach of regulations to prevent money laundering and failure to pay dues to the Authority.
UAE-based Arabmillionaire Limited is no longer authorised to continue operations in the jurisdiction. This enforcement also prohibits the registration of new players and accepting customer deposits. The B2C online gaming and lotto operator is required to refund player’s credits however has been given the right to appeal the regulator's decision within 20 days.
This is the sixth enforcement action taken by the Malta Gaming Authority in 2022.
Continue Reading
Continue Reading
World Cup drives Betsson revenue to record highs
The strongest growth for the company came from Latin America
Events
Alberta opens iGaming market and nine approved platforms have links to Malta
Nine of Alberta's 22 approved platforms have some link to Malta
Events
Merkur Group agrees to acquisition of White Hat Studios
Through this acquisition, Merkur Group intends to further accelerate its U.S. expansion
Events
Evolution reaches £4.75 million settlement with the UK Gambling Commission over black market review
Evolution said that it has fully cooperated with the Commission consistent with its longstanding approach to regulatory engagement
Events
Gentoo Media appoints Måns Svalborn as new Chief Financial Officer
He joins the company after spending more than six years as CFO of Raketech