{"id":4274,"date":"2024-01-15T08:24:39","date_gmt":"2024-01-15T08:24:39","guid":{"rendered":"https:\/\/sbceurasia.com\/en\/?p=4274"},"modified":"2024-01-15T14:53:29","modified_gmt":"2024-01-15T14:53:29","slug":"betago-given-one-week-to-resolve-outstanding-issues-with-mga","status":"publish","type":"post","link":"https:\/\/sbceurasia.com\/en\/2024\/01\/15\/betago-given-one-week-to-resolve-outstanding-issues-with-mga\/","title":{"rendered":"Betago Given One Week to Resolve Outstanding Issues with MGA"},"content":{"rendered":"\n

Malta\u2019s Gaming Authority, MGA, <\/strong>has revoked the authorization of Betago Limited <\/strong>due to violations of the country\u2019s Gaming Compliance and Enforcement Regulations Act.<\/p>\n\n\n\n

Effective from January 8, 2024, the regulator has instructed Betago to address any outstanding fees owed to the MGA within one week from the date of the cancellation.<\/p>\n\n\n\n

The MGA initially announced the suspension of the operator\u2019s licence almost a year ago, prohibiting it from engaging in any B2C gaming activities in the country for the time being. The reasons cited were the failure to “fulfill financial commitments for its operations” and the failure to “timely pay all amounts due to the Authority.”<\/p>\n\n\n\n

Now, the MGA has once again reminded Betago of its responsibilities towards the island\u2019s gambling authority and its legislation. This includes issuing refunds to all player accounts when necessary, along with the submission of a transaction report identifying these refunds, supported by bank statements.<\/p>\n\n\n\n

During last year’s initiation of the suspension, Betago was required to maintain access to all registered player accounts to handle subsequent refunds requested by the MGA.<\/p>\n\n\n\n

The Betago case was recently mirrored in the MGA\u2019s decision to revoke the licence of another operator, Rush Gaming Limited, following similar procedures, preventing the company from conducting further business in Malta.<\/p>\n\n\n\n

Don’t forget to subscribe to our Telegram channel<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

Malta\u2019s Gaming Authority, MGA, has revoked the authorization of Betago Limited due to violations of the country\u2019s Gaming Compliance and Enforcement Regulations Act. Effective from January 8, 2024, the regulator has instructed Betago to address any outstanding fees owed to the MGA within one week from the date of the cancellation. The MGA initially announced […]<\/p>\n","protected":false},"author":6,"featured_media":4291,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[21,1,24],"tags":[6582,6592,6588,6587,6579,6581,6591,6585,2076,6589,6584,6580,338,6586,6583,6590],"class_list":["post-4274","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-features","category-news","category-regulations","tag-8-january-2024","tag-authorisation-revoked","tag-authority","tag-b2c-gaming-activity","tag-betago","tag-betago-limited","tag-financial-commitments","tag-gaming-compliance-and-enforcement-regulations-act","tag-gaming-news","tag-licence-suspension","tag-malta-gaming","tag-maltas-gaming-authority","tag-mga","tag-operators-licence","tag-pay-in-a-timely-manner","tag-regulatory-action"],"yoast_head":"\nBetago Given One Week to Resolve Outstanding Issues with MGA - SBC EURASIA EN<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sbceurasia.com\/en\/2024\/01\/15\/betago-given-one-week-to-resolve-outstanding-issues-with-mga\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Betago Given One Week to Resolve Outstanding Issues with MGA - SBC EURASIA EN\" \/>\n<meta property=\"og:description\" content=\"Malta\u2019s Gaming Authority, MGA, has revoked the authorization of Betago Limited due to violations of the country\u2019s Gaming Compliance and Enforcement Regulations Act. 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