Compliance Updates

Gibraltar’s GLA Suspends Operating Licence of Addison Global

Published

5 years ago

February 21, 2020

Niji Narayan

Gibraltar’s GLA Suspends Operating Licence of Addison Global

Reading Time: < 1 minute

Gibraltar’s Gambling Licensing Authority (GLA) has suspended the operating licence of Addison Global, which operates under the brand name MoPlay.

The move follows advice from the Gambling Commissioner, who according to a Government press statement, has been working with company executives on restructuring proposals put forward by the shareholder of the company, who gave assurances that the intention was to support the business and its further development at all times.

A government statement concluded that these proposals, which included honouring all outstanding liabilities, did not materialise and the Gambling Commissioner was no longer able to accept that the firm is able to meet its licensing conditions.

The Government said the move to suspend the relevant licences has been made to protect consumers from any further detriment. The statement adds the Directors will have to address the solvency issues.

Up Next

Kambi Joins Swedish Online Gambling Trade Association

Don't Miss

343 Industries Partners with Esports Engine for Halo Infinite esports

Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.