Malta Gaming Authority revokes two licences in latest clampdown
Regulator terminates offerings from CZ Trading and Cyberslotz for failing to meet financial requirements
The Malta Gaming Authority (MGA) has revoked two licences handed to CZ Trading and Cyberslotz Services.
The regulator revoked the licences on 17 June after both brands breached regulation nine of the Gaming Compliance and Enforcement Regulations code.
Both CZ Trading and Cyberslotz Services failed to “discharge financial commitments” to the MGA for its operations and failed to pay amounts due to the MGA in a “timely manner”.
CZ Trading had been operating its DrVegas.com brand under a B2C licence, while Cyberslotz Services was acting as a B2B provider.
Both firms are now no longer authorised to carry out gaming operations and are required to settle all outstanding fees that are due to the MGA with immediate effect.
Additionally, CZ Trading is also banned from registering new players or accepting new customer deposits.
The operator must also allow existing players access to their accounts to access funds.