Malta Gaming Authority Revokes Licenses of Rush Gaming and Betago

Elevating Industry Standards: MGA’s Decisive Action Against Non-Compliance

MGA’s Firm Stance on Compliance

The Malta Gaming Authority (MGA), a leading regulator in the online gambling industry, has demonstrated its commitment to upholding strict regulatory standards by suspending the license of Rush Gaming Ltd and canceling the license of Betago Ltd. This action underscores the MGA’s unwavering dedication to ensuring operators adhere to legal and ethical gambling practices.

Rush Gaming’s License Suspension: A Cautionary Tale

Rush Gaming, known for operating the onebet.com and fansbet.com brands, faces significant operational restrictions following the MGA’s suspension of its license. The company is prohibited from conducting any gaming operations, a clear indication of the MGA’s rigorous enforcement of regulatory obligations.

Mandatory Player Protection Measures

Despite the suspension, Rush Gaming is obligated to maintain player account access and must refund all player funds in accordance with applicable laws. This requirement highlights the MGA’s prioritization of player protection and fair play in the online gaming sector.

Undisclosed Regulatory Breaches: The Catalyst for Action

While specific details of the regulatory breaches by Rush Gaming have not been disclosed, the MGA’s decision is rooted in the company’s failure to meet one or more obligations under Maltese gambling laws. This lack of compliance has led to the MGA’s decisive intervention to uphold industry standards.

Betago’s License Cancellation: An Assertive Response

Betago Ltd’s situation escalated from an initial license suspension in January 2023 to a complete cancellation. Initially, the MGA cited Betago’s violation of regulations, failure to meet financial commitments, and delayed payments to the regulator as key factors leading to the suspension.

Final Consequences for Betago

With the license now fully revoked, Betago is required to settle all outstanding fees to the MGA within seven days, ensure the refund of all player funds according to regulations, and submit a transaction report to the authority confirming these payments. Moreover, Betago must eliminate any references to the MGA or its previous licensed status from its website.

Conclusion: Upholding Integrity in Online Gambling

The Malta Gaming Authority’s actions against Rush Gaming and Betago serve as a potent reminder of the importance of regulatory compliance in the online gambling industry. By enforcing stringent rules and holding operators accountable, the MGA continues to safeguard the integrity of the gambling sector, ensuring a safe and fair environment for players and stakeholders alike.