Connect with us

Business

MGA Revokes Licence of MKC Limited

Published

on


The Malta Gaming Authority (MGA) has taken the decision to cancel the licence of MKC Limited due to its significant breaches of various regulations. MKC, based in Malta, operated the Betworld247 sports betting and casino site under its B2C gaming service licence. However, as a result of this regulatory action, the company is no longer permitted to provide online gambling services under this licence.

The MGA stated that MKC violated several provisions of the Gaming Compliance and Enforcement Regulations, including regulations 9 (1) (c), (d), (i), (l), and regulation 10 (1) (a). These breaches encompassed the failure to make necessary licensing payments to the MGA and non-compliance with financial obligations related to its operations.

Additionally, the regulator highlighted MKC’s failure to fulfill its commitments to customers promptly, although it did not provide further details on this matter.

The MGA justified its decision, stating that one of the suspension grounds outlined in regulation 9 had arisen, and after careful consideration, the cancellation of the authorization was deemed the most appropriate course of action.

Advertisement

Consequently, MKC is no longer authorized to conduct any gaming operations and must immediately remove any references to the MGA and its authorization.

Dutch Regulator Issues Cease and Desist Order to MKC Limited

The cancellation of MKC Limited’s license was preceded by a cease and desist order issued by the Dutch regulatory authority, Kansspelautoriteit (KSA), in September of the previous year. The KSA imposed the penalty order after an investigation revealed that the Betworld247 site was accessible to Dutch consumers without the operator possessing the necessary licences. The KSA warned MKC that failure to discontinue offering games of chance could result in a penalty of €28,000 per week, up to a maximum of €84,000.

The order was issued after a KSA supervisor accessed the site on multiple occasions and found that Dutch consumers could create accounts, make deposits, and gamble freely without any technical measures in place to block them. The site even offered a Dutch language option and allowed users to set their location to the Netherlands, while failing to provide information on Dutch addiction care specialists.

Between June 2021 and May 2022, the site recorded a total of 376,595 unique visits from Dutch consumers.

Advertisement

Jerome, a valuable addition to the Gamingo.News team, brings with him extensive journalistic experience in the iGaming sector. His interest in the industry was sparked during his college years when he participated in local poker tournaments, eventually leading to his exposure to the burgeoning world of online poker and casino rooms. Jerome now utilizes his accumulated knowledge to fuel his passion for journalism, providing the team with the latest online scoops.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending

Gamingo.News stands as a premier digital destination dedicated to delivering top-tier news and insights in the gaming and gambling industry. This specialized media outlet garners the attention of over 120,000 readers each month, providing them with engaging content, current news, and in-depth analyses.
The platform offers extensive coverage of various facets of the gaming world, including both online and brick-and-mortar gaming, wagering, esports, updates on regulations and compliance, as well as technological innovations. Regular content includes daily news stories, press releases, unique interviews, and comprehensive reports on events.
Moreover, Gamingo.News organizes webinars pertinent to the industry and offers detailed reports, establishing itself as a comprehensive information source for those interested in learning about gaming market operators, suppliers, regulators, and professional services. The portal's main objective is to keep its large audience informed about the latest news, trends, and developments in the gaming and gambling sectors. It focuses particularly on the European igaming market but also covers significant global news, proving to be an invaluable tool for gaming professionals, operators, and enthusiasts.

For inquiries, reach out at: sales@gamingo.news

For editorial or PR submissions, contact: media@gamingo.news

Copyright © 2024 Gamingo.News.