The Malta Gaming Authority is suspending the authorisation awarded to Goldwin Ltd (the ‘Authorised Person’), holder of MGA licence MGA/B2C/533/2018, effective as of 25 September 2024, in terms of reg. 8 (1) (f) of the Gaming Compliance and Enforcement Regulations (S.L. 583.06) (the ‘Regulations’).
The Authorised Person is thus no longer authorised to carry out any gaming operations but is required to retain and provide access to all registered players to their player accounts and to refund all funds standing to the credit of players in line with the applicable law.
This sanction is being imposed upon the Authorised Person for having breached the following provisions emanating from reg. 9 of the Regulations, as per the reasons manifested hereunder:
- 9 (2) (b) of the Regulations, specifically the first proviso, as the Authority considers that the Authorised Person’s actions represent an imminent threat of serious prejudice to the interest of players;
- 9 (1) (c) of the Regulations, since the Authorised Person has failed to comply with one or more applicable obligations in terms of any regulatory instrument or any other applicable law of Malta;
- 9 (1) (i) of the Regulations, since the Authorised Person has failed to meet commitments to players in a timely manner, or the Authority has reason to believe that such failure is imminent; and
- 9 (1) (m) of the Regulations, since the Authority, in its sole discretion, has determined that there is material and sufficient reason to suspend the authorisation.
This decision may be subject to an appeal in terms of article 43 of the Gaming Act (Chapter 583 of the Laws of Malta).