Online gambling operator Betago has had its authorisation to operate in Malta cancelled following a decision by the Malta Gaming Authority.
The removal of Betago from Malta’s regulated online gambling sector comes shortly after the regulator demanded fellow online casino operator Rush Gaming to cease operations, acting on the Gaming and Enforcement Regulations.
Under that same legislation, Betago has been ordered to settle all outstanding fees that are due to the MGA within a period of seven days, while being told to remove any reference to the MGA within the organisation.
Despite naming no specific reasons for the cancellation of Betago’s MGA authorisation, the gambling firm has also been ordered to refund all player balances accordingly, in line with the island nation’s Gaming Act.
While Betago retains the right to appeal the decision, the MGA has demanded that the operator submits ‘a transaction report extracted from their back-end system together with the supporting bank statements,’ allowing the regulator to ensure that all player funds are remitted appropriately.
Further action by the MGA to remove companies from Malta’s gambling sector follows the regulator’s recent strategy of creating a safer gambling environment, after it renewed its Memorandum of Understanding with the Alderney Gambling Control Commission.
