Rush Gaming Is No Longer A Holder Of MGA License!

Regulatory Framework

Rush Gaming Ltd, the holder of the MGA license MGA/B2C/701/2019, has had its authorization revoked under regulation 8 (1) (f) of Malta’s Gaming Compliance and Enforcement Regulations (S.L. 583.06). This regulatory provision empowers the MGA to take action when a licensed entity fails to adhere to its legal or regulatory obligations in Malta.

Following the suspension, Rush Gaming Ltd is no longer allowed to operate gaming operations. This implies a cessation of all gambling activities under the purview of its MGA license. However, the company must provide access to ed players’ s and ensure the refund of all funds in these s as mandated by applicable legislation.

Legal Basis for Action

The regulatory decision to suspend Rush Gaming Ltd’s license is grounded in regulation 9 (1) (c) of the Regulations. This regulation comes into play when a licensed entity, such as Rush Gaming Ltd, fails to comply with one or more of its legal or regulatory obligations in Malta. The MGA’s action is a response to the identified non-compliance with regulatory instruments and other applicable Maltese laws by Rush Gaming Ltd.

While the suspension is a definitive regulatory measure, the MGA has outlined that the decision may be subject to appeal. Article 43 of the Gaming Act (Chapter 583 of the Laws of Malta) delineates the process through which a licensee can appeal such decisions. This legal avenue provides an opportunity for Rush Gaming Ltd to contest the suspension if it deems the regulatory action unfair.

Impact on Industry Dynamics

The suspension underscores the regulator’s goal to uphold the integrity and compliance standards within Malta’s gaming industry. This regulatory intervention sends a clear message about the importance of adherence to legal and regulatory frameworks, contributing to the overall credibility of the online gaming sector.

As the industry awaits further developments, the suspended license serves as a reminder to all gaming entities under the MGA jurisdiction to rigorously adhere to regulatory obligations. The appeal process, if pursued by Rush, will shed light on the intricacies of the case and the potential for resolution through legal channels.

Source:

”MGA Suspends Rush Gaming’s License”, europeangaming.eu, January 11, 2024.