Malta regulator suspends Stakers’ B2C licence

10 March 2020

The Malta Gaming Authority (MGA) has suspended Stakers Limited’s B2C gaming service licence after the GB Gambling Commission's took a simliar decision last week.

Stakers had been running its website under the Maltese licence, but the MGA-enforced suspension means it its no longer authorised to carry out any gaming operations, register new players or accept new customer deposit.

However, Stakers has been ordered to retain and provide all registered players with access to their accounts, as well as paying out all money owed to customers.

The suspension is effective from 9 March, but Stakers, which is headquartered in Malta, can file an appeal against the ruling.

The MGA said its decision follows the GB regulator announcing the suspension of Stakers’ operating licence last week over a number of unspecified compliance issues. The suspension makes it illegal for Stakers to offer gambling via in Great Britain.

According to the Commission, it was appropriate to suspend the licence pending the conclusion of the review.

Stakers had been operating within the UK under a Combined Remote Operating Licence, which covered real event and virtual betting casino activities.