Betago given one week to sort outstanding issues with MGA 

MGA, Malta’s Gaming Authority, has taken away the authorisation of Betago Limited following infringement of the country’s Gaming Compliance and Enforcement Regulations Act.

Effective from 8 January 2024, the regulator has ordered Betago to deal with any outstanding fees owed to the MGA within a week from the date of the cancellation.

The MGA first announced the operator’s licence suspension almost a year ago, restricting it from initiating any B2C gaming activity in the country for the time being, citing failure to “discharge financial commitments for its operations” and failure to “pay in a timely manner all amount due to the Authority”.

Now, the MGA has once again reminded Betago of its duties towards the island’s gambling authority and its legislation, including refunds to all player accounts where necessary, as well as the submission of a transaction report identifying said refunds together with supporting bank statements. 

When the suspension was first initiated last year, Betago was required to maintain access to all registered player accounts so that it could deal with the subsequent refunds requested by the MGA. 

The Betago case was recently replicated in MGA’s decision to pull back the licence of another operator, Rush Gaming Limited, following similar procedures of blocking the company from further doing business in Malta. 

This all comes amid a reshuffle at MGA’s top floors, with industry veteran Charles Mizzi set to replace the authority’s outgoing CEO Carl Brincat at the end of this month.