Last updated on October 9th, 2024
The reputable Malta Gaming Authority (MGA) has issued a statement informing the public that it has suspended the gaming license of Goldwin after a series of regulatory breaches, urging the company to refund all players’s funds and provide access to player accounts.
Goldwin’s license (MGA licence MGA/B2C/533/2018) was suspended and the company is now prohibited from providing gaming services based on multiple breaches of the Gaming Compliance and Enforcement Regulations (S.L. 583.06).
The Malta Gaming Authority The regulator cited a list of specific infractions, and this includes illegal actions that posed a forthcoming threat to the interests of players, including failure to comply with regulatory duties and prolonged delays in fulfilling certain commitments to players.
The list of infractions includes:
– Regulation 9 (2) (b) – concerns the imminent threat of serious prejudice to players’ interests.
– Regulation 9 (1) (c) – deals with the failure to comply with legal or regulatory obligations.
– Regulation 9 (1) (i) – related to the GoldWin’s failure to meet commitments to players.
– Regulation 9 (1) (m) – where the Malta Gaming Authority determined there was sufficient reason to suspend the licence.
GoldWin reserves the right to appeal the MGA suspension under the Gaming Act (article 43; Chapter 583 of the Laws of Malta).
This news about the suspension comes less than a year after the Kansspelautoriteit (KSA), the official Dutch gaming regulator, issued a fine of €6.7 million (£5.86 million) to GoldWin for illegally offering its services to players in the Netherlands.
More specifically, the KSA fined GoldWin for receiving traffic of 850,000 players via its website westcasino.com, stating that GoldWin had no preventive mechanisms to prevent illegal iGaming activity, which is in clear violation of the Dutch gambling law.
