Maltese regulator cancels UWin4U’s licence
The Malta Gaming Authority (MGA) has moved to cancel UWin4U Limited’s B2C gaming service licence in the country after finding the operator in breach of its regulations.
The operator had been running the UWin4U.com website in Malta, but will now be required to cease operations after the MGA ruled that it breached paragraph E of the Third Schedule to the Gaming Act.
According to the MGA, UWin4U failed to make payments to the regulator when required to do so under the terms of its gaming service licence.
The cancellation means the operator is no longer permitted to carry out any gaming operations, register new players or accept new customer deposits in Malta.
The MGA has instructed UWin4U to retain and provide access to all registered players to their accounts, as well as refund all funds standing to the credit of its customers.
However, the MGA also said that it may be able to lodge an appeal against the decision.
Last month, the MGA also cancelled RMI Limited’s B2C gaming service licence for a similar breach of regulatory conditions.
RMI Limited, which had been operating the PokerGrant online poker site, was found to be in breach of paragraph E and H of the Third Schedule to the Gaming Act. Paragraph H requires licensees to make certain data available to the MGA.
Image: Mike McBey