Over the past week, the primary gaming body in Malta, known as the Malta Gaming Authority (MGA), has officially revoked the operating license of SFJL Holding Ltd. A notice declaring the rescinding of the license was enforced starting from November 8, 2023, marking a significant move as the Authority had originally suspended SFJL Holding’s operating permit back in August. The suspension included prohibiting the gambling house from providing its services to online clients.
Following the latest MGA’s action, SFJL Holding must now withdraw any referrals to the Authority with immediate effect. This stipulation is a provision of Article 51 as contained within the country’s Gaming Act, the MGA further detailed.
The MGA then went on to instruct that SFJL Holding is mandated to clear all outstanding dues regarding compliance contribution fees. The timeframe given is seven days commencing from the time the notice is received from the MGA.
The gambling firm is also obligated to comply with a directive from MGA within the same seven days to produce a transaction report from their internal management system in addition to relevant bank statements. From this information, the Authority is aiming to verify that all of SFJL Holding’s players have been reimbursed the money that the operator is obliged to pay.
A Period of High Activity for the MGA
The proclamation regarding the withdrawal of the license is a continuation of the MGA’s vigorous activity recently, including denying any associations with kaiyin.io. Over the previous week, the Maltese gambling supervisory body specified that any purported affiliations between kaiyin.io and the entity itself are baseless. They clarified in a released statement “Any connection to the MGA and/or gaming licenses that kaiyun.io claim to have acquired from Maltese Authority are misrepresentative and fallacious.”
In the month before, it was announced that the MGA had served a suspension notice to AMGO iGaming following claims of the operator violating established rules on three different occasions. Following the customary practice, AMGO iGaming had a 20-day window to provide a written explanation of why their operating permit should not be withdrawn.
In a press release from the MGA, it was stated that SFJL Holding also has a 20-day appeal window ahead of any hearing before the Administrative Review Tribunal. The regulatory body further clarified this right to appeal conforms to the provisions of article 43 (1) of the country’s Gaming Act.
