The MGA has decided to cancel the authorisation awarded to Playbay Malta Limited MGA/B2C/170/2009 effective as of 28 September 2020 in terms of Regulation 10(1) of the Gaming Compliance and Enforcement Regulations (S.L. 583.06).
Playbay Malta Limited, 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 access to all registered players to their player accounts, and refund all funds standing to the credit of players in line with the applicable law.
This sanction is being imposed upon Playbay Malta Limited on the following grounds:
- The Authorised Person’s voluntary suspension of the licence has expired on 6 September 2020, and no plan has been provided by the licensee of when and how it intends to reactivate such authorisation;
- The results of the compliance review conducted jointly by the Authority and the Financial Intelligence Analysis Unit on 2 October 2018 identified systemic deficiencies in the Authorised Person’s adherence to its AML/CFT obligations which render the Authorised Person unable to operate in line with its regulatory obligations.
This decision may be subject to an appeal in terms of article 43 of the Gaming Act (Cap. 583).