Malta regulator cancels Sports Fantech’s licence
The Malta Gaming Authority (MGA) has cancelled Sports Fantech’s B2C gaming licence with immediate effect after ruling that the operator breached the country’s Gaming Act.
Sports Fantech, which is registered at an address in Malta, had been permitted to offer type 4 gaming services such as controlled skill games on a B2C basis via its licence.
However, according to the MGA, Sports Fantech breached paragraph H of the Third Schedule to the Gaming Act, whereby it failed to make payments to the MGA when lawfully due.
As such, the regulator ruled that Sports Fantech is no longer authorised to carry out gaming operations, register new players or accept new customer deposits under the licence.
The MGA also ordered Sports Fantech to retain and provide all registered players with access to their accounts, as well as refund all funds standing to customers.
Sports Fantech will have the option to appeal against the decision, in line with article 43 of the Gaming Act.