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

Vegas to Debut First Free-Roam Virtual Reality Arena at MGM Grand Hotel and Casino

Vegas to Debut First Free-Roam Virtual Reality Arena at MGM Grand Casino

Vegas' first multi-player free-roam VR experience inside LEVEL UP gaming lounge unveiled September 8.

Vegas Officer Arraigned on Manslaughter Charge in Chokehold Death

Vegas Officer Arraigned for Manslaughter in Chokehold Death

A suspended police officer has been arraigned on a manslaughter charge in the chokehold death last May of an unarmed man he chased out of a Las Vegas Strip casino.

CNBC: No sex, No gambling as China Tightens Rules on Foreign Investment

CNBC: No sex, No gambling as China Tightens Rules on Foreign Investment

New rules from Beijing prohibit investments in core military technology and anything that endangers national security, according to a report filed by CNBC Monday.

Nobody Hits Powerball: Now at $650 Million

Nobody Hits Powerball: Now $650 Mil

Powerball officials say there was no grand prize winner in the latest drawing, meaning one of the nation's largest lottery jackpots will continue growing.

‘Operation Shark Bait’: Gambino-Tied Bookie Pleads Guilty to a Usury Charge

‘Operation Shark Bait’: Gambino-Tied Bookie Pleads Guilty to a Usury Charge

Joseph Tommasino, 52, of Staten Island, New York, has plead guilty to a usury charge.

Syndicate