Green Feather has been operating under a B2C Gaming Service Licence in Malta. However, the suspension means it must cease all operations with immediate effect.
The operator has been running Bcasino.com, Bcasino.in, Boocasino.com, Boocasino.co, Galacticwins.com and Mrfortune.com under the licence.
According to the MGA, Green Feather breached several sections of the country’s Gaming Compliance and Enforcement Regulations. These primarily relate to submitting financial information to the regulator.
Highlighted sections include Article 41(1) of the Gaming Authorisations and Compliance Directive. This states that licensees must submit management accounts for the first six months of the year no later than the last day of the eighth month of their financial year.
The MGA also flagged Article 41(2)(a) of the same set of regulations. This requires licensees to file and audited financial statements with the MGA within 180 days from their financial year end.
As a result of the breaches, the MGA suspended Green Feather’s licence. It can no longer carry out gaming operations but must retain all customer information and refund all credit to players.
Green Feather will have the option to appeal against the decision and subsequent licence suspension.
SFJL Holding also suspended in Malta
The ruling comes after the MGA also suspended SFJL Holding Limited’s licence. SFJL was ruled to have breached a number of regulations in the country.
These include rules related to material changes within the business and a requirement to notify the regulator of these changes.
As is the case with Green Feather, SFJL cannot carry out gaming operations during the suspension period.
MGA cancels EGMIT Elite’s licence
Last week, the MGA also cancelled EGMIT Elite Limited’s B2C gaming service licence. EGMIT Elite operates its Elite24bet site via the licence but must now cease all operations.
The MGA flagged several breaches of the Gaming Compliance and Enforcement Regulations.
The regulator also filed a police report against the operator and initiated liquidation proceedings.
Original article: https://igamingbusiness.com/legal-compliance/legal/green-feather-malta-suspension/
