The Malta Gaming Authority (MGA) has made the decision to cancel Betago Limited’s authorization, with the cancellation coming into effect on January 8, 2024. This action follows the discovery that the operator had violated established gambling regulations in the country, leading to the suspension of their license last year, preventing them from offering online gambling services.
In response to the cancellation, Betago has been instructed to settle any outstanding fees owed to the MGA within seven days of the authorization being revoked. Additionally, the operator is required to refund all money owed to legitimate players, in line with Malta’s Gaming Act, Chapter 583.
According to a statement released by the MGA, the decision to cancel Betago Limited’s authorization was made in accordance with regulation 10 (1) (a) and regulation 9 (1) (c), (d), (i), (l) and (m) of the Gaming Compliance and Enforcement Regulations. The operator is also required to remove any reference to the MGA from their website with immediate effect.
Furthermore, Betago must provide a back-end report and relevant bank statements within seven days to verify compliance with the refund requirements, ensuring that all players with remaining funds in their accounts receive their refunds.
In a related development, the MGA recently suspended Rush Gaming’s license, effective from January 9, 2024. Like Betago, Rush Gaming is also obligated to provide refunds to its registered users and is eligible to appeal the decision under Article 43 of Malta’s Gambling Act.
The recent actions taken against Betago and Rush Gaming demonstrate the MGA’s commitment to upholding regulatory standards and ensuring the protection of players in the gambling industry.