The Malta Gaming Authority (MGA) has made the decision to suspend the authorization granted to Rush Gaming, which holds MGA License MGA/B2C/701/2019. This means that Rush Gaming will no longer be able to offer its products and services in MGA-regulated jurisdictions. The suspension went into effect on January 9, 2024, and prohibits Rush Gaming from carrying out any gaming operations. However, the company is still required to allow existing customers access to their accounts in order to withdraw their funds, and must refund all funds owed to players.
The decision to suspend Rush Gaming’s license was made in accordance with Maltese regulations, specifically reg. 9 (1) (c), which states that the company failed to comply with one or more applicable obligations in terms of regulatory instruments or other applicable laws of Malta. Rush Gaming has the option to appeal this decision under Article 43 of the Gaming Act.
This suspension comes on the heels of the MGA renewing its Memorandum of Understanding with the Alderney Gambling Control Commission. This agreement allows the two authorities to work together in reinforcing their partnership and efficiency, reflecting their shared values. The MGA’s goal is to create an international community of regulators who collaborate to address the complex issues facing the gambling industry.
The MGA also recently released its Interim Performance Report for the first half of 2023, showcasing its accomplishments during that time. This included conducting compliance audits, desktop reviews, and partnering with the Financial Intelligence Analysis Unit to conduct compliance examinations, resulting in significant penalties.
Despite the challenges faced by the gambling industry, the MGA remains committed to overseeing the market, assisting players in need, and conducting compliance checks. The regulator has maintained a positive outlook and is determined to continue its efforts in the face of ongoing challenges.