Malta Gaming Authority issues warning over two unauthorised sites
The Maltese regulator says the sites are falsely claiming to have an association with the MGA.
Malta.- The Malta Gaming Authority (MGA) has issued a public warning about two websites that it says are falsely claiming to have an association with the regulator despite not having Maltese gaming licences. The update specifies two specific URLs that the regulator says are not licensed in the territory.
The MGA has clarified that it has no connection with the two websites at URLS under m.c1al9.com and m.nkryu17dc.com. The sites allegedly mention MGA licensing and authorisation in misleading ways.
The regulator stressed that any reference to the MGA and or any gaming licence issued by the Malta Gaming Authority is false and misleading. It reminded consumers that they can verify Malta-licensed gaming entities on the list on its website.
In July, the MGA published a new Capital Requirements Policy with the aim of reinforcing the financial solidity of companies that hold MGA licences to offer a remote gaming service and/or critical gaming supply. The regulator said the policy is intended to safeguard the integrity and financial sustainability of the gaming industry by ensuring that sufficient capital resources are available to support licensees’ continued operation and growth.
In addition to existing minimum nominal share capital requirements, the policy introduces a new requirement for licensees to maintain a positive equity position. The new requirement to restore a negative equity position is intended to serve as an objective early warning mechanism, enabling the MGA to ensure that licensees remedy the situation at an early stage.
