The Malta Gaming Authority (MGA) has cancelled Smart Operations Ltd’s authorisation to operate, a licence initially granted on 30th April 2021.
Smart Operations’ Ltd, a Malta-based iGaming company, has breached regulation 9 (1) of the Gaming Compliance and Enforcement Regulations.
According to the MGA, Smart Operations Ltd has:
- failed to comply with one or more applicable obligations in terms of any regulatory instrument or any other applicable law of Malta
- failed to discharge financial commitments to the MGA for its operations
- failed to pay in a timely manner all amounts due to the MGA
Smart Operations Ltd is no longer authorised to operate games, register new players or accept new customer deposits, but must allow customers to access their accounts and refund all current credit balances.
Featured Image: Pexels
Continue Reading
Continue Reading
Another operator exits the US market: Betsson to withdraw Betsafe sportsbook from Colorado
The US market has proven to be more challenging than many operators predicted
Malta Gaming Authority issues new guidance for exhibitors of gaming devices
The directive applies to any event where gaming devices are showcased, including gaming-related exhibitions and networking events that involve the operation of exempt games
Expert reveals how excessive gaming could raise your child’s blood pressure
Recent data highlights the growing need for parental vigilance in this area
US investment bank Goldman Sachs cuts stake in Malta-headquartered Kindred Group
The iGaming firm recently had to exit the North American market