Global Gaming loses their MGA license

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The Maltest Gaming Authority (MGA) has decided to cancel and revoke Global Gamings casino license

The news has just reached us that MGA (The Maltes Gaming Authority) has just announced their decision to revoke Global Gamings License. This decision was first made public on the authorities website on the 22nd of May 2020.

Cancellation of Authorisation for Global Gaming Entertainment Group Ltd (C 86141)

22nd May 2020 | By Malta Gaming Authority

The MGA has decided to cancel the authorisation awarded to Global Gaming Entertainment Group Ltd (MGA/B2C/551/2018) effective as of 22 May 2020 in terms of regulation 10 of the Gaming Compliance and Enforcement Regulations (S.L. 583.06) hereinafter “the Regulations”.

Global Gaming Entertainment Group Ltd is thus no longer authorised to carry out any gaming operations, register new players or accept new customer deposits, but is required to retain and provide all registered players with access to their player accounts, and to refund all funds standing to the credit of players in line with the applicable law.

This sanction is being imposed upon Global Gaming Entertainment Group Ltd for having breached the following paragraphs of regulation 9(1) of the Regulations as per details shown hereunder: –

  • c) the Authorised Person has failed to comply with one or more applicable obligations in terms of any regulatory instrument or any other applicable law of Malta following the non-submission of the relevant applications for the key function roles and this within the stipulated time;
  • l) the Authorised Person has failed to pay in a timely manner all amounts due to the Authority; in that the Authorised Person has failed to effect payment of the relevant annual licence fees and/or compliance contribution fees.

This decision may be subject to an appeal in terms of article 43 of the Gaming Act (Cap. 583).

GLOBAL GAMING ENTERTAINMENT GROUP LTD

GLOBAL GAMING ENTERTAINMENT GROUP LTD operates casino and betting brands towards the Greek market mainly with urls such as https://all-bet.gr, https://timebet.gr, http://www.1x2bet.gr, http://www.euro-bet.gr and http://www.betcapo.gr.

GLOBAL GAMING ENTERTAINMENT GROUP is not to be confused with GLOBAL GAMING 555 a Swedish casino company listed on the Swedish stock exchange. GLOBAL GAMING 555 operating Ninja Casino which had their SGA license revoked as well as their new Nano casino.

Whats going to happend now?

Global Gaming Entertainment are now obliged to follow MGA regulations. They have a responsibility towards players and when everything is cleared operations have to stop. Luckily there are other casinos to play at but we hope that more serious operators are able to offer good and compliant casino products to our Greek friends in a near future!

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