Malta regulator cancels Evobet’s licence

News  /  Published 01 Sep 2021  / 
The Malta Gaming Authority (MGA) cancelled Evobet’s licence in the country after ruling it breached rules relating to the payment of regulatory fees.

Evobet held a B2C gaming services licence in Malta and operated bet11.com, m.bet11.com and sports.bet11.com.

However, the licence was cancelled after the MGA said Evobet breached regulation 10 of the Gaming Compliance and Enforcement Regulations.

The ruling related to regulation 9 (1), which refers to an operator failing to comply with one or more applicable obligations, whereby Evobet did not pay certain regulatory fees to the MGA.

As such, Evobet’s licence was cancelled, effective from 16 July, with the operator no longer able to carry out any gaming operations, register new players or accept new customer deposits.

However, Evobet will be required to retain and provide all registered players with access to their accounts, as well as refund all monies standing to players in and to settle outstanding fees due to the MGA.

 

Source: iGB News