Malta Cancels Sports Fantech's License

This week the Malta Gaming Authority has announced that they've revoked the license of Sports Fantech after the operator was found to have not made payments to the regulator.

The company had been licensed to offer sportsbetting services to customers, serving as an operator. Sports Fantech allegedly violated Paragraph H of the Third Schedule to the Gambling Act by not making payments to the regulator when they were due. Because of this, the MGA revoked the license and issued a statement that read in part:

"Sports Fantech Limited 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 the applicable law."

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