The Malta Gaming Authority (MGA) regulator has decided to cancel its authorisation of Evobet Limited for breaches of article-10 of its “Gaming Compliance and Enforcement Regulations.”
The sanction was imposed upon Evobet Limited for having breached regulation 9 (1) of the Regulations, the company has failed to comply with one or more applicable obligations in terms of any regulatory instrument or any other applicable law of Malta, and also failed to pay in a timely manner all amounts due to the Authority.
As a result of this cancellation, Evobet will have to cease all operations in Malta. Evobet Limited company is no longer allowed to carry out any gaming operations, register new players or accept new customer deposits.
The gambling operator is required to settle all outstanding fees that are due to the MGA Authority immediately. MGA also imposed Evobet Limited to retain and provide all registered players with access to their player accounts, in order to refund all funds standing to the credit of players.
Evobet Limited acquired its Malta license in 2012. The gambling operator held a B2C gaming services licence in Malta and operated bet11.com, m.bet11.com, and sports.bet11.com. At the time of this writing, the gambling operator company hasn’t issued a statement on the finished authorization yet.