Totup System Given 20 Days to Respond to MGA’s Findings of Multiple Rule Breaches.
The Malta Gaming Authority (MGA) has confirmed the cancellation of the license of Totup System, a pools betting operator, due to multiple breaches of license conditions. The MGA, which is the regulatory body responsible for overseeing gaming activities in Malta, has taken this action after conducting thorough investigations and finding that Totup System had failed to comply with the license conditions set forth by the MGA.
The cancellation of the license means that Totup System will no longer be permitted to operate as a pools betting operator in Malta, and all its operations must cease immediately. The MGA takes license breaches seriously and is committed to ensuring that all licensed operators adhere to the regulations and conditions set forth by the authority to maintain a fair and transparent gaming environment for players.
The Malta Gaming Authority (MGA) has decided to revoke the company’s license in accordance with Regulation 10 (1) (a) of Malta’s Gaming Compliance and Enforcement Regulations, which pertains to the mandatory payments that licensees are required to make to the regulator. This decision was made due to Totup’s violation of Regulation 3 (1) (b) of the Gaming License Fees regulations, as it failed to pay its license fees for both 2022 and 2023, resulting in an outstanding debt of €50,000. Furthermore, Totup also failed to meet the deadline for compliance contribution fees, thereby breaching Regulation 6 of the Gaming License Fees regulations.
Totup has been granted a period of 20 days from the date of the cancellation notice by the MGA to settle the outstanding fees and provide a written explanation as to why its license should not be revoked. If Totup fails to exercise this opportunity, the MGA will proceed with the cancellation of its license.
The MGA’s decision to cancel Totup System’s license serves as a reminder to all gaming operators in Malta of the importance of adhering to the license conditions and regulations set forth by the authority. It underscores the MGA’s commitment to maintaining a high standard of integrity and accountability in the gaming industry to protect the interests of players and ensure a fair and transparent gaming environment.
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