The Malta Gaming Authority has imposed a penalty of € 2,34 million on Blackrock Media Limited for the operation of “a gaming service through a Maltese legal entity without being in possession of the necessary authorisation”.
Undertaken by the regulator and the executive police of the country through a joint investigation, it led to the discovery that the company processed payments to and from players as part of a gaming service that was not duly authorised.
The MGA approved the payment of the above-mentioned financial penalty in terms of a settlement reached with the Authority under Article 25 of the Gaming Act.
Blackrock Media is a Netherlands-based subsidiary of Blackrock Entertainment that operates the online casino brand of Wild Sultan under a Curaçao licence.
Previously, the MGA announced that it had suspended 11 operator licences and rejected another 13 licence applications during the January-June 2019 period.
In an effort to enhance its regulatory oversight, the MGA clarified that its licence refusals were rejected on the grounds that individuals linked to the operators were considered unfit to run an online gambling company.