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Malta regulator terminates 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.

Under the new ruling, Sports Fantech will no longer be permitted to carry out any gaming operations, register new players or accept new customer deposits. The operator was previously authorised to offer type 4 gaming services such as controlled skill games on a B2C basis via its licence.

According to 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. Sports Fantech will be permitted to appeal the ruling under article 43 of the Gaming Act.

However, Sports Fantech was ordered to retain and provide all registered players with access to their accounts, as well as refund all funds standing to customers.

The MGA has cancelled several licences in recent months, with the likes of Betixx Limited, Aureate Gaming and Star World having their approval withdrawn in Malta.

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