Malta Gaming Authority Revokes E.G.G. Limited’s License
The Malta Gaming Authority (MGA) has announced the revocation of the gaming license previously held by E.G.G. Limited, identified by license number MGA/B2C/744/2019, effective from November 20, 2023.
Mandatory Actions for E.G.G. Limited
Following the cancellation of its authorization, E.G.G. Limited has been instructed to undertake specific actions to comply with the regulatory standards set forth by the MGA. These include:
- The refund of all player funds to legitimate players in alignment with the Gaming Act (Chapter 583 of the Laws of Malta) and its regulatory instruments.
- The submission of a detailed transaction report from their back-end system, accompanied by supporting bank statements, to verify that all player funds have been appropriately returned to registered players.
The MGA also reserves the right to require E.G.G. Limited to provide access to necessary facilities for the Authority to extract and replicate relevant data, including essential regulatory data as defined in the Gaming Definitions Regulations (S.L. 583.04).
Implications and Compliance
This action by the Malta Gaming Authority underscores its commitment to maintaining strict regulatory compliance and the integrity of the gaming sector in Malta.
It serves as a reminder for all authorized entities of the critical importance of adhering to the established regulatory framework to ensure fair and transparent gaming practices.
