Malta Gaming Authority cancels license for SFJL Holding

10 November 2023
(PRESS RELEASE) -- The Malta Gaming Authority has decided to cancel the authorization awarded to SFJL Holding Ltd, bearing reference number MGA/B2C/313/2006, effective as of 8 November 2023, in terms of regulation 10 (1) (b) of the Gaming Compliance and Enforcement Regulations (S.L. 583.06) (the ‘Regulations’).
Pursuant to the foregoing decision, the Authorized Person is hereby being directed to:
- Settle all Compliance Contribution fees that are due to the Authority, within a period of seven (7) working days from the date of receipt of this letter;
- Remove, with immediate effect, any reference to the Authority and the authorizations in accordance with article 51 of the Gaming Act (Chapter 583 of the Laws of Malta) (the ‘Act’); and
- Submit to the Authority a transaction report extracted from their back-end system together with the supporting bank statements, attesting that all player funds have been duly remitted to the registered players within a period of seven (7) working days from the date of receipt of this letter;
Should the Authorized Person feel aggrieved by the decision taken herewith by the Authority, such person shall have the right to file an appeal before the Administrative Review Tribunal in terms of article. 43 (1) of the Act within twenty (20) days from the effective date indicated above.
This decision is being published in terms of the provisos to regulation 12 of the Regulations.