Compliance Updates

MGA Cancels Field of Fortune’s Licence

Published

3 years ago

July 21, 2022

Niji Narayan

Reading Time: < 1 minute

The Malta Gaming Authority (MGA) has cancelled Field of Fortune Limited’s gaming licence in the country after ruling it breached certain regulations relating to licence fees. The cancellation is effective from 28 June this year, with Field of Fortune no longer able to operate under the MGA licence.

The MGA said Field of Fortune breached regulation nine of Malta’s Gaming Compliance and Enforcement Regulations, which relates to a requirement for licensees to make payments to the regulator.

Specifically, regulation nine covers the failure of an operator to make licence payments to the MGA, as well as ensuring all of these fees are paid in a timely manner.

The MGA said Field of Fortune will now be required to settle all outstanding fees owed to the regulator immediately.

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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.