The Malta Gaming Authority has decided to suspend the authorisation awarded to Field of Fortune Limited (MGA/B2C/767/2019), hereinafter the “Authorised Person”, effective as of 26 January 2022 in terms of regulation 9 of the Gaming Compliance and Enforcement Regulations (S.L. 583.06), hereinafter the “Regulations”.
This sanction is being imposed upon the Authorised Person for having breached regulation 9 (1) of the Regulations, as per the reasons manifested hereunder: –
the Authorised Person has failed to discharge financial commitments for its operations, or the Authority has reason to believe that such failure is imminent;
the Authorised Person has failed to pay in a timely manner all amounts due to the Authority.
The Authorised Person 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 all registered players with access to their player accounts, to refund all funds standing to the credit of players in line with the applicable law and to settle all outstanding fees that are due to the Authority immediately.