Malta Gaming Authority cancels Magic Services’ licence for fee nonpayment

News  /  Published 28 Jun 2021  / 
The Malta Gaming Authority (MGA) has cancelled Magic Service Limited’s Malta licence after the company failed to pay the annual licensing fee.

The MGA has ordered Magic Services to cease all gaming operations and not accept new customers, but has also specified that existing players should be able to access their accounts for withdrawal purposes.

Further orders require Magic Services to notify all current players of the licence cancellation and pay the MGA the outstanding annual licence renewal fee of €71,035.54 (£61,079.77/$86,211.50) within 5 working days of the cancellation notice.

The MGA issued a Notice of Cancellation to Magic Services in May, after Magic Services allegedly failed to pay the mandatory annual licence fee between 1 August 2020 and 31 July 2020. This broke Regulation 3 of the Gaming Licence Fees Regulation.

Following the issuance, Magic Services was given a 20 day period to provide a reason for not paying the fee, which the company did not do within the allotted time.

According to the notice, Magic Services must comply with the terms of the cancellation within seven working days.

 

Source: iGB News