News Sports Fantech Loses Malta Licence

Sports Fantech Loses Malta Licence

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Another betting operator has fallen foul of the Malta Gaming Authority’s crackdown on firms who are judged to be in breach of the island’s gaming rules.

The MGA has confirmed that it has cancelled the gaming licence held by Sports Fantech, which means that the operator will be unable to conduct any betting or gaming business, to register any new players or to take any additional deposits.

In addition, the MGA say that Sports Fantech have an obligation to ensure that all players registered with them can access their accounts, and that all appropriate funds should be refunded to their customers following the removal of the company’s licence.

Sports Fantech had earned a B2C licence which authorised it to provide a range of game services, including controlled games of skill. But according to the MGA, the company fell short of its obligations when it came to making regulatory payments. The regulator says that the firm were in breach of the section of the Malta Gaming Act that relates to payments to the MGA.

But this is not the first company operating in the Malta market to have felt the weight of the regulator’s enforcement measures in recent months. Earlier this year, the MGA confirmed that it was suspending the licences of two operators: Germany online bookmaker Betixx Limited, and games developer Morpheus Games. The MGA has also taken action against World-of-bets EU Limited, which had operated under a licence on the island since 2008. The firm had its licence terminated and as part of the punishment, the World-of-bets portal was set up to redirect visitors to an MGA page.

Article 43 of the Gaming Act also gives firms the opportunity to appeal against licence removal in these circumstances, although it is not yet clear whether Sports Fantech will do so.

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