MGA publishes H1 performance report

MGA publishes H1 performance report

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MGA publishes H1 performance report

The MGA has published a performance report covering the first six months of the year.

The authority’s H1 report covered its key activities first, which included 14 audits and 85 reviews of the compliance levels of its licensed firms. The MGA issued three letters to companies which were found to be in breach of its regulations, completed one settlement, and issued 23 warnings throughout the period. The regulator also canceled the licenses of four companies, suspended the licenses of five others, and issued nine fines. In total, the authority collected just over 124 thousand euros over the course of the first six months of the year.

In addition to issuing penalties on its own, the MGA completed 11 compliance reviews of licensed operators on behalf of the Maltese FIAU throughout the period. The financial intel unit issued fines to three companies based on previous MGA investigations, resulting in a total collected penalty of just under 600 thousand euros for the country’s government.

The MGA also reported its player safety efforts, which included assisting just over 2.2 thousand players and conducting 40 website checks to ensure licensed operators are providing their users with appropriate responsible gambling tools. The regulator sent letters to 16 companies informing them of areas where they could improve and published 6 notices of websites utilizing the MGA’s branding while not being in possession of a valid license from the authority.

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