Malta-licensed live casino technology outfit Medialive Casino Ltd has caught a break from an Italian judge in relation to the 2017 arrests of two company directors.
In November 2017, Italian authorities launched Operation Double Jack, which targeted a network of retail betting shops offering online gambling via computer terminals connected to Malta-based sites. These terminals weren’t connected to the Italian gambling regulator’s monitoring systems and thus the revenue they generated escaped local taxation.
Among the individuals detained in the 2017 raids were two Medialive directors, Massimiliano Fullin and Fabio Veglianetti. The pair, who denied involvement in any criminality, were eventually released from custody but the Florence prosecutors froze over €8.4m of the company’s funds.
Shortly before Christmas, Medialive issued a press release indicating that Angelo Pezzuti, magistrate of the Court of Florence, had reduced the amount of funds subject to seizure to €685k, which the company says it has “entirely already paid.”