The Malta Gaming Authority has cancelled the Type 4 B2B licence held by Fantasy Sports Interactive Limited, for failing to comply with MGA orders and pay fees to the regulator.
The business, founded in 2012, provides fantasy sportsbook solutions, allowing operators to offer betting on individual player performances in fantasy games.
Its clients include Intralot, 888, OPAP and Hollywoodbets.
However, the MGA revealed last month (21 December) that the business “has failed to comply with an order issued by the Authority; and […] has failed to pay in a timely manner all amounts due to the Authority”.
This, it noted, was in violation of regulation 9 (1) of Malta’s gaming regulations.
As a result, it is no longer permitted to carry out gaming activities. It must immediately settle any outstanding debts owed to the regulator.