The Malta Gaming Authority (MGA) has suspended the gaming license of Goldwin, holder of MGA license MGA/B2C/533/2018, effective as of September 25th.
Goldwin is no longer authorized to operate any gaming services. However, the company is required to maintain access to player accounts and refund any outstanding balances, in accordance with Maltese law.
The MGA’s decision was based on multiple breaches of the Gaming Compliance and Enforcement Regulations (S.L. 583.06).
The regulator cited specific infractions, including actions that posed an imminent threat to players’ interests, failure to comply with regulatory obligations, and delays in fulfilling commitments to players.
The infractions include:
- Regulation 9 (2) (b), which concerns the imminent threat of serious prejudice to players’ interests.
- Regulation 9 (1) (c), which deals with the failure to comply with legal or regulatory obligations.
- Regulation 9 (1) (i), related to the company’s failure to meet commitments to players.
- Regulation 9 (1) (m), where the MGA determined there was sufficient reason to suspend the license.
Goldwin has the right to appeal the suspension under article 43 of the Gaming Act (Chapter 583 of the Laws of Malta).
Original article: https://www.yogonet.com/international/noticias/2024/10/02/80629-malta-gaming-authority-suspends-goldwins-gaming-licensein-response-to-regulatory-breaches
