This story was published more than 4 years ago.
The owner of Wild Sultan Casino has been slapped with a huge €2.34 million fine because of the operator offering betting services without permission.
The Malta Gaming Authority got the fine as a settlement with Wild Sultan owner Blackrock Media after an investigation found that the group was processing gambling financial services for a service in which they were not authorized. Blackrock doesn't have a Malta license, instead holding authorization from the jurisdiction of Curacao.
The MGA says that this fine shows that the regulator is taking their responsibilities seriously and will hold operators responsible for their own actions.
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Comments
I find it strange that the MGA was able to get that fine out of a company not licensed there. Were they falsely representing their gaming license or something?
I saw these news today as well and well, that's quite a big fine. I'm not entirely sure what they did to receive this fine and I don't really play at this casino either so can't comment on it. It is a bit unexpected to see that since they have Curacao license.
Wow these guys dont mess around when fines start getting thrown around eh, 2.34 million dollar fine, I'd puke lol.