Home Company Cancellation of authorisation for European Fantasy League LTD

Cancellation of authorisation for European Fantasy League LTD

malta

The Malta Gaming Authority has decided to cancel the authorisation awarded to European Fantasy League Ltd (MGA/B2C/429/2017) effective as of 16 December 2020 in terms of regulation 10(1)(a) of the Gaming Compliance and Enforcement Regulations (S.L. 583.06) hereinafter “the Regulations”.

European Fantasy League 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 applicable law.

This sanction is being imposed upon European Fantasy League Ltd further to committing the following breaches: –

  • The Authorised Person failed to pay the relevant annual licence fees and compliance contributions,
  • The non-submission of the relevant annual and interim financial statements,
  • The non-submission of the relevant player funds reports,
  • The non-submission of the relevant key function roles,
  • Acting contrary to, or not adhering to the fullest extent possible to an order issued by the Authority, howsoever named.

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

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