The Malta Gaming Authority (MGA) has threatened to cancel the licence held by Oddsfly, which operated four igaming websites, if it does not pay the sum of over €100,000 it owes for missing compliance and licence fee payments.
The MGA said Oddsfly failed to pay its annual licence fee in 2018, 2019 and 2020, payments worth €75,000.
The company also failed to pay compliance contribution fees worth €29,814.52 which built up until August 6, 2018, and which have still not been paid, the MGA added.
The regulator, which suspended Oddsfly’s licence a day later on August 7, 2018 – due to “material breaches of regulatory obligations” – has now ordered the business to settle debts totalling €104,814.52 “without delay.”
The MGA said interest will accrue on the outstanding balance if it is not paid.
“Failure to submit representations within the stipulated timeframe and/or failure to regularise its position in accordance with the applicable legal framework, shall result in the Authority proceeding with the cancellation of the licence and any other enforcement measures as deemed necessary,” an MGA statement read.
“The Authority expressly reserves the right to initiate any other proceedings, or enforcement measures it deems appropriate in relation to the outstanding dues owed to the Authority if the Authorised Person fails to rectify its position accordingly.”
Oddsfly, whose registered address is in Birkirkara, Malta, operated Casino24.com, Casino24.net and two TipXpress domains.
