The Malta Gaming Authority has decided to cancel the authorisation awarded to Global Gaming Entertainment Group, effective as of May 22.
Global Gaming Entertainment Group is thus no longer authorised to carry out any gaming operations, register new players or accept new customer deposits, but is required to retain and provide all registered players with access to their player accounts and to refund all funds standing to the credit of players in line with the applicable law.
This sanction is being imposed upon Global Gaming Entertainment Group for having breached the following paragraphs of Malta's gaming regulations: the authorised person has failed to comply with one or more applicable obligations in terms of any regulatory instrument or any other applicable law of Malta following the non-submission of the relevant applications for the key function roles and this within the stipulated time.
The authorised person has failed to pay in a timely manner all amounts due to the MGA, in that the authorised person has failed to effect payment of the relevant annual licence fees and/or compliance contribution fees.
This decision may be subject to an appeal in terms of article 43 of the Gaming Act.