• WTGBET

MGA confirms it has cancelled Totup System's license following regulatory breaches

Updated:2024-03-20 09:59    Views:183

The Malta Gaming Authority (MGA) has revoked Totup System’s licence to operate in Malta due to regulatory breaches. With reference to the notice of cancellation dated 10 April 2023 issued by the MGA, Totup System was provided with a 20-day time peri

  • The Malta Gaming Authority (MGA) has revoked Totup System’s licence to operate in Malta due to regulatory breaches.

    With reference to the notice of cancellation dated 10 April 2023 issued by the MGA, Totup System was provided with a 20-day time period within which it had the right to show proof as to why the MGA should not proceed with the enforcement measures. Totup System, however, failed to make its submissions to the Authority within the required time period.

    As a consequence, Totup System must suspend all gaming operations with immediate effect, cease to register any new players and settle all outstanding fees that are due to the MGA (amounting to a total of €79,Play Casino Online570/ $85,574) within a three-day-period from the date of publication of this communication on the Authority’s website (17 April).

    The two licence breaches were: Totup System repeatedly failed to pay the MGA the applicable licence fees for the years 2022 and 2023. These outstanding fees amounted to a total of €50,000 and remain unpaid to date. The second breach was that the company also repeatedly failed to pay the applicable compliance contribution fees due to the MGA, within the timeframe given.

    Totup will now have a further 20 days to appeal against the decision.

    The Maltese regulator also awarded licences to GameArt and EveryMatrix earlier this year.



Related News

  • Unleash Your Winning Spirit at Slots n Play! Spin to Win Big Today!

    Unleash Your Winning Spirit at Slots n Play! Spin to Win Big Today!Are you ready to unleash your winning spirit and take a chance at winning big? If so, then Slots n Play is the pe...

  • Get Lucky with 50 Free Spins at Ice Casino – No Deposit Needed!

    Ice Casino is currently offering a fantastic promotion for all new players – 50 free spins with no deposit required! This amazing opportunity allows players to try out the casino g...

  • Win Big at Green Bet Casino – Play Now for Exciting Prizes and Rewards!

    Looking for some excitement and the chance to win big? Look no further than Green Bet Casino! With a wide range of exciting games and the opportunity to win amazing prizes and rewa...

  • Claim Your Free Ice Casino No Deposit Bonus Now! Don't Miss Out on This Exciting Offer!

    Are you looking for a thrilling and fun online casino experience? Look no further, because Ice Casino is here to offer you an exciting opportunity to claim your free no deposit bon...

  • EveryMatrix's annual gross profit rose by 26% for 2022

    The report reveals the financial performance and gross profit was ahead of expectations across all business segments since its founding 15 years ago, including casino, sports and p...