The Malta Gaming Authority (MGA) has rescinded the operating permit of AMGO iGaming Malta. This action, declared on October 31, 2023, stemmed from the internet gaming enterprise’s failure to remit its licensing dues for a full year, accumulating a balance of €13,915.12 (roughly $14,728.50 USD). This constitutes a grave transgression of the Gaming Licence Fees Regulations and displays a worrisome disregard for regulatory mandates.
Compounding their predicament, AMGO iGaming Malta also neglected to submit its compliance contributions promptly, further breaching the Gaming Licence Fees Regulations.
Most critically, the MGA discovered grounds to suspect that AMGO iGaming Malta was not upholding its fiscal responsibilities concerning its activities and was either incapable or on the verge of being incapable of disbursing winnings to participants. This is a significant warning sign within the gaming sector and a blatant violation of the Player Protection Directive, which aims to guarantee equitable treatment and the punctual payment of prizes.
A global gaming enterprise, AMGO iGaming, faces scrutiny for numerous regulatory infractions across its portfolio of gambling platforms. These transgressions, coupled with past issues such as delinquent remittances to the Malta Gaming Authority, point towards a recurring disregard for established rules and Maltese legal statutes. Consequently, AMGO iGaming’s Maltese operating permit hangs in the balance, potentially necessitating a reorganization of their regional business framework.
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