Evobet Loses MGA License

Ever wondered if licensing authorities are doing their bit? The latest licensing saga in the iGaming sphere sees Evobet lose its MGA License (Image from evobet.com)

In Malta, the MGA, otherwise known as the Malta Gaming Authority, has publicly announced on its website that Evobet has had its license revoked. This is seemingly for unpaid amounts owed to the gaming commission. The MGA’s website referred to the Gaming Compliance rules’ article 10, which states the Authority has the power to cancel an authorisation in the instance that any of the regulations in article 9 are not followed. That includes non-payment of licensing fees and is not something the MGA does willy-nilly.

There would have been several final warnings to the operator controlling EvoBet before the MGA decided to take action, which leads us to believe that operator is facing serious financial issues. The worry for members now is that if the casino has no license, will they still get their money back? However, with strict EU business laws in place, we ensure player balances are paid, while the website’s operations have not ceased despite the revocation of the license.

Curacao License Now Visible on EvoBet

The MGA commented that Evobet had neglected to pay all sums owed to the Authority in the allotted time frame. The cancellation of Evobet’s license, which was effective on 16th July 2021, brings a 10-year affiliation with Malta to an end. The operator, Evobet limited, behind the gambling platform, first acquired its license back in 2012. The loss of their license means Evobet is legally necessary to give all enlisted players a period where they get the opportunity to check their accounts and pull out any cash they have kept. Also, they must terminate the running of betting games, enrolling new players and allowing wagers from clients. The Authority has also ordered that Evobet clear all debts owed to the MGA immediately. Yet, the site still has its eSports, virtual sports, sports betting, live casino, and casino games running where it now displays a Curacao eGaming license – how about that for change?

iGaming in Malta has never seemed short of controversy, with reports of a different gambling association being linked to criminal activity. This comes after Holland’s gaming board Kansspelautoriteit, or the KSA, enforced a €500,000 fine on N1 Interactive, which is also in Malta. Evobet.com, which is owned by Evobet limited, is a casino Provider with over 5000 casino Games, live casino tables and live sports events and is a Maltese-based company established in 2012.

This is not the first time MGA has revoked licenses and recently the authority’s 2020 report showed that requests for assistance in casino disputes were up 58% since 2019. However, the rise in figures was due to the pandemic lockdowns, with far more people using MGA casinos and sports betting sites from home.

 

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