Evobet’s MGA Licence Cancelled For Compliance And Business Duty Failures
Author: Joe Kizlauskas
Last Updated: 10th March 2023
The Malta Gaming Authority (MGA) has announced that it has cancelled Evobet Limited’s licence under article-10 of its “Gaming Compliance and Enforcement Regulations.”
Evobet Limited, the licence holding business of pan-European online sportsbook and casino brand Evobet.com – which has operated under an MGA licence since 2012 – has been subject to the revocation since July 16.
Evobet had violated the provisions of article-9 of the Malta Gaming Law’s compliance and enforcement regulations, according to the MGA’s enforcement notice.
As an MGA licence holder who is obligated to follow Malta’s business regulations, Evobet was found to have failed to comply with “one or more applicable obligations” under article-9.
Evobet has also ‘failed to pay in a timely manner the amounts due to the Authority,’ according to another warning.
Concerns about Evobet prompted the MGA to activate article-10 of its enforcement regulations, which allows the regulator to “terminate the authorisation of a firm” if it is found to have violated its article-9 compliance duties.
If the measure is found to be the most appropriate regulatory action, Article-10’s business cancellation might be applied at the MGA’s “sole discretion.”
As a result, Evobet is no longer allowed to conduct gaming operations, sign up new players, or take consumer deposits.
The MGA has asked Evobet to ‘provide all registered players with access to their player accounts, to refund all cash standing to the credit of players in accordance with applicable law, and to clear all outstanding fees owing to the Authority promptly,’ according to the announcement.