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Compliance Updates

MGA Suspends the Authorisation of Stakers Limited

Published

5 years ago

on


MGA: Update on the Revised Audit Service Provider Guidelines Consultation
Reading Time: < 1 minute

 

The MGA has decided to suspend the authorisation specifically the Recognition Notice granted by the Authority number RN/112/2019, awarded to Stakers Limited (RN/112/2019) effective as of 9 March 2020 in terms of regulation 9(2) of the Gaming Compliance and Enforcement Regulations (S.L. 583.06).

Stakers Limited is thus no longer authorised to carry out any gaming operations, register new players or accept new customer deposits, but is required to retain and provide all registered players with access to their player accounts, and to refund all funds standing to the credit of players in line with the applicable law.

This sanction is being imposed upon Stakers Limited in light of the suspension of their United Kingdom licence, thus the recognition thereof for its use in/from Malta is equally suspended.

This decision may be subject to an appeal in terms of article 43 of the Gaming Act (Cap. 583).

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George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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