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Uwin4u’s Licence Gets Canceled By Maltese Regulator

Malta

Steps have been taken by the Malta Gaming Authority (MGA) to cancel the gaming license of UWin4U Limited’s B2C. The operator will cease offering clients in the country their services after the regulator discovered that the gambling operator went against some of its rules and regulations.

The operator’s UWin4U.com website was already in operation in Malta, but will now have to shut down after the MGA stated that the company breached paragraph E of the 3rd Schedule to the Gaming Act.

According to reports gotten from the MGA, UWin4U did not make payments to the no nonsense regulator when they were supposed to. This goes against the terms of their gaming service license.

The cancellation of license implies that the operator can no longer carry out any form of gaming operation, neither can they register new customers/bettors nor can they accept new bettor’s deposits in the nation.

The MGA mandated UWin4U to provide and retain access to all players with accounts that are registered on the platform. They were also mandated to refund every dime that was due to their customers.

On the other hand, in the spirit of fair play, the MGA said the embattled operator may file an appeal if they feel the decision on them is too harsh.

As recently as last month, the MGA cancelled RMI Limited’s business to customer’s gaming service license for a related breach of rules.
RMI Limited has been operating its online poker site, PokerGrant, for some time now. They were found wanting as they breached paragraph E and H of the 3rd Schedule of the Gaming Act. Subsequently, Paragraph H mandates licensees to make some data accessible to the MGA.

Source: https://www.igamingbusiness.com/news/maltese-regulator-cancels-uwin4u-s-licence

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Jo Arazi

Jo Arazi

Jo is a seasoned writer and analyst of the cryptocurrency market with several years of experience writing for various blogs and websites worldwide. He has worked with several crypto startups and is a supporter of credible crypto projects worldwide.

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