The gambling regulator from Malta has revealed that it cancelled UWin4U’s B2C gaming service licence.
Malta.- The Malta Gaming Authority (MGA) has announced the decision to cancel the authorisation awarded to UWin4U Limited. The cancellation came into effect on September 23 after the company breached local regulations.
MGA explains that UWin4U can no longer carry out any gaming operations, register new players or accept new customer deposits. However, it must retain and provide access to all registered players to their player accounts and refund all funds standing to the credit of players in line with the applicable law.
The gambling regulator said that the sanction happened after breaching paragraph (e) and of the Third Schedule to the Gaming Act (Chapter 583 of the Law of Malta) following the failure to effect payments to the Authority when lawfully due.
MGA sets gaming devices regulation
The MGA has issued a Gaming Devices (Exhibition of Gaming Devices) ruling. The resolution is in relation to the exhibition of gaming devices in fairs, exhibitions and similar events related to gaming. MGA said that anyone that wishes to use gaming devices for exhibition purposes must submit the form in its website.
After submitting the form, that person or entity must obtain MGA’s approval before being able to exhibit gaming devices. The regulator said that the application can be submitted by hand, post or email.