MGA Suspends Licenses for Green Feather Online Limited and SFJL Holding Limited

The Malta Gaming Authority (the ‘MGA’) has taken decisive actions by suspending the authorizations granted to two gaming entities, Green Feather Online Limited and SFJL Holding Limited, in accordance with the Gaming Compliance and Enforcement Regulations (S.L. 583.06).

Another two licenses suspended

The suspensions, effective as of 3 August 2023, are a result of both companies’ failure to adhere to their obligations and regulatory standards.

For Green Feather Online Limited, the MGA found them in breach of Article 41(2)(a) and Article 41(1) of the Gaming Authorisations and Compliance Directive (Directive 3 of 2018). Consequently, the Authorised Person is prohibited from conducting any gaming operations. However, they are still required to retain and grant access to player accounts upon request and to refund players’ funds as stipulated by applicable law.

Regulatory Breaches

Similarly, SFJL Holding Limited has had its authorization suspended due to non-compliance with regulations outlined in reg. 9 of the Gaming Compliance and Enforcement Regulations (S.L. 583.06). Specifically, they have contravened the provisions of 9 (1) (c), 9 (1) (k), and 9 (1) (j). This breach led to the suspension of their gaming operations for the duration of the sanction’s operative period.

Both companies have the right to appeal these decisions in accordance with Article 43 of the Gaming Act (Chapter 583 of the Laws of Malta). The suspensions serve as a stern reminder that the Malta Gaming Authority is committed to upholding regulatory standards and ensuring fair and transparent gaming operations within its jurisdiction.