The Malta Gaming Authority has confirmed that it has “cancelled the authorisation” of a B2C gaming service licence awarded to RMI Ltd, citing concerns over regulatory payments and data provisions.
RMI, which trades as Pokergrant, was found by the regulator to be in breach of paragraph (e) and (h) of the Third Schedule to the Gaming Act (Chapter 583 of the Law of Malta) and will no longer be authorised to carry out any gaming operations, register new players or accept new customer deposits.
While the operator has been given the option to appeal the MGA decision under article 43 of the Gaming Act, the regulator has stated that RMI had failed to “pay in a timely manner all amounts due to the Authority specifically the compliance contribution fees, the licence fee for year 2018 and the relevant true-up related payments”.
In addition to this, the licensee had failed to submit its January 2019 Player Funds Report and the relevant application’s for the appointment of the key functions, the MGA said.
The MGA has stated that the operator will be required to “retain and provide access to all registered players to their player accounts”, while also being obliged to refund all balances “standing to the credit of players in line with the applicable law”.
The recent ruling comes after the Malta regulator released a number of new guidelines that set out how its licensees can approach advertising to customers.
These new recommendations have been supported by the launch of a committee that will oversee operator compliance within these new standards, which is set to come into force later this week.