I Do Give A Shot

Field of Fortune has lost its Maltese gaming licence for failing to make fee payments in a timely manner

Field of Fortune has missed its Maltese gaming licence for failing to wee fee payments inwards a well timed(p) manner.

The Republic of Malta Gaming Authority (MGA) has revoked its approval for Field of Fortune over breaches of the island nation’s rules regarding licence fees, specifically regulation ix of the Gaming Compliance and Enforcement Regulations.

This concerns licensee’s financial commitments, which according to the MGA, Field of Fortune “failed to discharge,” as advantageously as weakness to “pay inwards a well timed(p) fashion all amounts due to the Authority.”

As a result, its licence has now been cancelled, effective from 28 June, and Field of Fortune is no longer authorised to sway come out gaming operations. It must farther compensate all spectacular fees that are owed to the MGA “immediately.”

“The Authorised Person is thusly no more thirster authorised to take out any gaming trading operations and is required to settle down all salient fees that are due to the Authority immediately,” stated the regulator.

Last week, operator BIB Limited likewise had its Maltese cat licence cancelled, though dissimilar Field of Fortune, this interested other areas in any case the non-payment of fees.

And even earliest this month, Republic of Malta found a unexampled subject drawing operator. The aptly named National Lottery PLC was chosen by the MGA to put back Maltco Lotteries Limited, which had antecedently held the licence since 2004.

At the time, MGA Chief Executive Carl Brincat welcomed the change, remarking: “The Authority is confident that the concessionaire shall dedicate all resources necessary to defend the real highest tear down of operational and compliance standards.”