Malta Gaming Authority Suspends Online Gambling License

Written by:
C Costigan
Published on:
Jun/06/2017

The world’s largest online gambling jurisdiction, Malta, has taken the necessary steps to suspend the gaming license of CenturionBet just one month after had attempted to sell 80% of its operations for €12m to online gambling operator SKS365.

Bet on Sports-Join MyBookie.ag today!

Italian-based SKS365 later claimed it receives these types of offers regularly and suggested it had not taken the request seriously.

The Malta notice goes on to confirm it did “indefinitely suspend all gaming operations, cease to register new players, suspend all transactions on all websites, including deposits and withdrawals,

The company expressed “deep regret” while claiming it “acted in full compliance” with its regulatory obligations.

MGA (Malta Gaming Authority) found formal irregularities in the signing of contracts with representatives / consultants of CenturionBet and its trademark Bet1128, indicating that these subjects had not been reported and Previously authorized by the Maltese Authority as per regulations, violating Article 11 paragraph 4.

- Aaron Goldstein, Gambling911.com

Gambling News

Pragmatic Play Announces Acquisition of Extreme Live Gaming

Pragmatic Play Announces Acquisition of Extreme Live Gaming

Pragmatic Play announced its acquisition of Extreme Live Gaming from the Novomatic Group late last week.  Extreme Live Gaming is one of the premier live dealer casino platforms online today.

Chinese Seize $1.5 million Worth of Cryptocurrencies From FIFA World Cup Gambling

Police officials in China seized more than $1.5 million worth of cryptocurrencies tied to illegal gambling on the FIFA World Cup.

Apollon Cryptocurrency Focuses on Internet Gambling

Apollon Cryptocurrency Focuses on Internet Gambling

As the cryptocurrency and blockchain spaces continue to heat up and bring the world closer together, an exciting new virtual coin, Apollon Cryptocurrency (APO), focusing on online gambling is arising from Hong Kong, Gambling911.com can report.

New Jersey Takes in $16.4 million in Bets First Two Weeks Since Launching Sports Books

Two casinos and a racetrack in New Jersey took in $16.4 million in sports bets during the first two weeks such wagers were legal in the state.

Charles Oakley Arrested in Vegas Over Gambling Mishap

Former NBA star Charles Oakley has been arrested in Las Vegas, TMZ has reported.  He is accused by the casino of cheating.

Syndicate