DGV had been operating the AurumPalace and FlipperFlip brands under the licence, but the permit has now been withdrawn by the regulator.
In its ruling, the MGA said DGV breached a series of rules, including Regulation 3 (1)(b) of the Gaming Licence Fees Regulations that relates to requirements for licensees to pay set licence fees.
The MGA said DGV is yet to pay an agreed licence fee of €25,000 (£20,901/$25,484) for the period between 23 November 2021 and 22 November 2022, placing the operator in breach of regulations.
DGV was also found in breach of Regulation 3 (1)(a) and Regulation 6 of the Gaming Licence Fees Regulations by failing to pay applicable compliance contribution fees to the regulator. The MGA said a total amount of €10,333 is due for the period from December 2021 to the present day.
The regulator also said DGV breached Article 41 (2)(a) of the Gaming Authorisations and Compliance Directive (Directive 3 of 2018) by failing to submit a set of audited financial statements for the period from January 2020 to December 2020 within the allotted 180-day period.
In addition, DGV was found in breach of Article 41 (1) of the Gaming Authorisations and Compliance Directive by failing to submit interim financial statements covering the period from 1 January 2021 and 30 June 2021 by a deadline of 30 August 2021.
DGV will have 20 days from today (4 August) to respond to the decision with a reason as to why the MGA should not proceed with the cancellation. If it does not meet this request, the licence will be withdrawn.
Original article: https://igamingbusiness.com/legal-compliance/mga-cancels-dgv-entertainments-licence-over-missed-licence-fee-payments/
