The Malta Gaming Authority (MGA) recently proceeded with the revocation of Totup System Limited’s licencing agreement. Following violations of local regulations, the company received a twenty-day period to present a justification against the license withdrawal. However, the company failed to make a timely defence, leading to the final cancellation of their license.
Being found guilty of neglecting to pay mandatory charges, Totup System Limited was issued a Notice of Cancelation by the MGA on April 10. This notice, serving as a warning of future measures, was displayed on the MGA’s website on April 17. The message also strongly encouraged Totup to take appropriate action.
As the company failed to respond to the MGA within the designated period, the authority advanced with the license cancellation in accordance with local laws. The next steps for Totup, as laid out by the MGA, are to:
- Immediately suspend all gaming activities and stop the registration of new clients
- Settle all unpaid fees owed to the MGA. The total fees amount to €79,569.89 (approximately $85,555.34).
- Eradicate all references to their MGA license across their business operations immediately
MGA Ready to Take Further Action If Necessary
The gaming regulator of Malta stipulated that Totup System Limited must adhere to the aforementioned directives within three days from the notice publication (the notice was published officially on May 23, 2023).
The MGA clarified that Totup System Limited “remains accountable for all corresponding obligations arising from the Act and all other applicable regulatory instruments.”
Moreover, per Article 43 (1), should it feel wronged by the termination, Totup System Limited retains the right to lodge an appeal with the Administrative Review Tribunal. It has twenty days from the announcement of its license cancellation to do this.
In conclusion, the MGA maintains the prerogative to implement additional measures to recover the unpaid fee should Totup fail to comply with the current action.
Earlier this year, in February, the MGA also carried out a license cancellation for BetDino, coming into effect from January 18, which consequently restricted the company from operating in MGA-regulated markets.
Like Totup System Limited, BetDino found itself in violation of regulations 9 (1) (c) and (l), and failed to abide by regulation 10. Their failure to pay the mandatory fees drew the ire of the MGA.
