Malta’s gaming watchdog revoked seven licenses and issued €170,000 in fines last year

Malta’s gaming watchdog revoked seven licenses and issued €170,000 in fines last year

Article brief provided by Times of Malta
  • Mark Laurence Zammit, Times of Malta
  • Europe
  • Malta
  • Igaming

The Malta Gaming Authority (MGA) handed out 64 warnings, cancelled seven gaming licenses and issued a total of €176,016 in fines last year, according to the authority’s annual report published on Thursday.

Thirteen other individuals and companies were deemed not up to standard in mitigating the risks of money laundering or funding of terrorism and 13 other operators were found to be in breach of the commercial communications regulations law.

Moreover, “in its efforts to protect players and encourage responsible gambling, the authority assisted 6,170 players that requested assistance, covering most of the cases received during 2021 and the spill-over from 2020”.

On Thursday, the MGA published its annual report and audited financial statements, outlining the performance of the Maltese gaming industry last year.