The cancellation, which came into effect on 18 January but was only announced last week by the regulator, came in response to a breach of regulation 9(1) (c) and (l) of the Gaming Compliance and Enforcement Regulations.
Section 9 grants the MGA powers to suspend a licensee if they fail to comply with rules and requirements.
In this case, the MGA said that BetDino failed to pay in a timely manner certain fees to the regulator and therefore would have its licence cancelled.
As such, BetDino is no longer authorised to carry out any gaming operations under the MGA licence, while it must also remove reference to the Authority and its previous authorisation.
The cancellation comes after the MGA last month invited licensees to partake in a survey regarding environmental, social and governance (ESG) matters as the regulatory body considers a voluntary ESG code of conduct.
The authority said that it was exploring such an initiative in response to growing awareness around ESG matters.
Original article: https://igamingbusiness.com/legal-compliance/malta-regulator-cancels-betdinos-licence/
