MGA cancels another licence
The gambling authority MGA has announced the cancellation of The Daily Fantasy Football Company LTD’s licence.
Malta.- The Malta Gaming Authority (MGA) has revealed its decision to cancel the authorisation awarded to The Daily Fantasy Football Company LTD. Effective as of February 6, 2020, the regulator based its decision on current laws in the country.
“The Daily Fantasy Football Company LTD is thus no longer authorised to carry out any gaming operations, register new players or accept new customer deposits, but is required to retain and provide all registered players with access to their player accounts, and to refund all funds standing to the credit of players in line with the applicable law,” said the MGA.
The regulator explained that The Daily Fantasy Football Company LTD received the sanction for having breached paragraphs of regulation 9 of the local Regulations. The company failed to meet commitments to players in a timely manner, and the MGA has reasons to believe that such failure is imminent following the €3,483.89 liabilities incurred by the Authorised Person towards player funds.
The company also failed to pay in a timely manner all amounts due to the MGA; specifically, the Authorised Person failed to pay the relevant tax, compliance and true-up alignment contributions.
MGA published industry study
MGA recently carried out a survey through its Information & Research Unit, in which its licensed remote gaming operators participated to better understand the existing skills gap in the gaming industry.
The report features key findings from a survey that the MGA conducted in 2019. Among the key highlights, the MGA has discovered a total of 730 unfilled positions reported by online gaming companies in Malta as at the end of 2018, and 68% are primarily at the operational level.
Around 69% of the vacancies remained unfilled for no more than three months, and lack of work experience (28%), competition from other firms (27%) and lack of qualifications (21%) are the main reasons for unfilled vacancies.
