The Malta Gaming Authority (MGA) has announced its decision to revoke the B2C gaming licence of AMGO iGaming Malta due to multiple regulatory breaches. The operator was found guilty of failing to pay required licence fees, leading to the cancellation of its online casino and sports betting operations under its Malta licence.

According to the MGA, AMGO committed three core breaches. Firstly, the operator failed to pay its annual licence fee for the 12-month period from 22 November 2022 to 22 November 2023, resulting in an outstanding amount of €13,915. Secondly, AMGO also failed to pay applicable compliance fees to the regulator within a set timeframe, violating regulations 3(1)(a) and 6 of the Gaming Licence Fees regulations. Lastly, AMGO breached Article 38 of the Player Protection Directive by failing to meet commitments to players or address imminent failure.

In response to these breaches, the MGA has requested AMGO to provide a written response justifying why its licence should not be cancelled within 20 days from 31 October. The regulator has also ordered AMGO to settle all outstanding fees, including applicable interest rates, and ensure its operations comply with the Gaming Player Protection Regulations. Only after fulfilling these demands will the MGA consider reinstating the licence, but failure to do so will result in the cancellation of the licence.

The decision to cancel AMGO’s licence comes after the MGA revoked the licence of Arabmillionaire for similar breaches, including failure to comply with MGA orders, regulatory obligations, and financial commitments. Additionally, Tipster Limited’s licences were cancelled by the Malta regulator after the business was wound up.

Overall, the Malta Gaming Authority is cracking down on licence breaches, and operators must adhere to regulations or face the risk of licence cancellation.

By admin