MGA confirms cancellation of Totup System’s licence
In April, the MGA said that the breaches related to regulation 10(1)(a) of Malta’s Gaming Compliance and Enforcement Regulations, which covers payments to the MGA.
One breach was in reference to Regulation 3(1)(b) of the Gaming Licence Fees regulations, whereby Totup failed to pay the MGA the applicable licence fees for 2022 and 2023.
Totup was also flagged for a breach of Regulation 6 of the Gaming Licence Fees regulations, whereby it repeatedly failed to pay applicable compliance contribution fees to the Authority within a set timeframe.
The business was given a 20-day period to respond to the changes and demonstrate why it should not have its licence cancelled. However, Totup failed to submit a response and the MGA said it would cancel the licence as a result.
As such, Totup must suspend all its gaming operations with immediate effect and cease to register any new players.
Totup is also required to settle all outstanding fees due to the MGA, with this amounting to €79,570 (£68,886/$85,775). The business has three days from the date of the cancellation notice (23 May) to make these payments.
Finally, Totup must remove any reference to the MGA and its now-cancelled licence from its website.
Totup will now have a further 20 days to appeal against the decision.