MGA Penalizes Blackrock Media with € 2.3 Million

Home » MGA Penalizes Blackrock Media with € 2.3 Million

Blackrock Media had to pay a fine of € 2.3 million (£ 2.0m / $ 2.6m) to the Malta Gaming Authority, after being sanctioned for operating a gaming service without proper authorization.

The operator was fined after the results of an investigation that the Malta Gaming Authority carried out jointly with the Executive Police, in which it was found that the company processed payments for several gaming operations without a license.

Blackrock Media is a subsidiary of Blackrock Entertainment. The parent company is based in the Netherlands and operates the Wild Sultan brand online casino with a license from Curacao.

In reporting the penalty, MGA said it had reached a full payment agreement for the fine with Blackrock Media.
The Malta Gaming Authority revealed in December that it had suspended 11 licenses and another 7 were canceled between January and June last year. During this period too, the MGA issued 8 administrative fines.

Source:
https://www.igamingbusiness.com/news/mga-issues-23m-penalty-blackrock-media

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