The Malta Lotteries and Gaming Authority has announced that it has suspended the license of Mowjow Gaming Limited and Mowjow Technology Limited and sanctioned Everleaf Gaming Ltd.
Few details were listed in the LGA's decision although industry analysts believe that Everleaf's withdrawal from the American market along with a payment processor and seizure of funds may have led to the action.
A statement by the LGA read:
"The LGA Enforcement Unit issued sanctions against Everleaf Gaming Ltd following an investigation which emerged with a number of irregularities in their operation. Everleaf Gaming is being monitored closely to ensure its operation respects Maltese law.
The LGA has referred its case against Mowjow Gaming Ltd to the Police of Malta for the initiation of criminal procedures against the company and its shareholders following the authority's decision to suspend the operators licence.
No further information was divulged on the reasons behind the suspension with the LGA saying "the authority was bound not to say more so as not to prejudice the judgement of the police investigating the case"."
Mowjow is an online gaming company that has been taking registrations for a social media type of wagering game. The company is based in London and listed on the Frankfurt Stock Exchange. The company's Chairman and CEO is Andreas Christensen.