The Malta Gaming Authority (MGA) has announced that it has cancelled Smart Operations' B2C gaming license after the company committed a breach of Malta's gaming regulations.
The cancellation took effect on 31 April 2021.
According to a statement from the MGA, Smart Operations breached regulation 9(1) of the Gaming Compliance and Enforcement Regulations. The breach outlines that Smart Operations failed to comply with mandatory terms obligated by Malta law, did not adhere to financial commitments made necessary by its operations or did not give payments to the MGA in an appropriate timeframe.
The MGA was able to cancel Smart Operations’ licence under regulation 10, which allows cancellation if regulation 9 is violated.
Due to the cancellation of its licence, Smart Operations can no longer carry out operations, allow new players to register or accept new deposits from customers.
However, it must allow existing players to have access to their accounts and must refund all nece..