Malta Gaming Authority cancels fantasy sports operator license

Operators understand that one of the most crucial things to deliver on are player payouts. To be perceived as holding back on paying out is hard to come back from. The Daily Fantasy Football Company (DFFC) might be learning that the hard way, as the Malta Gaming Authority (MGA) have announced the cancellation of their B2C gaming service license.

The MGA have declared DFFC to be in violation of several paragraphs of regulation 9 of the Gaming Compliance and Enforcement Regulations. Specifically, they list:

“The authorised person has failed to meet commitments to players in a timely manner, or the Authority has reason to believe that such failure is imminent following the €3,483.89 liabilities incurred by the Authorised Person towards player funds;

“The Authorised Person has failed to pay in a timely manner all amounts due to the Authority – specifically the Authorised Person failed to pay the relevant tax, compliance and true-up alignment contributions.”