MGA FB

On Thursday, the Malta Gaming Authority (MGA) announced it is cancelling the licence belonging to DGV Entertainment Group, operators of online casino brands AurumPalace and FlipperFlip.

The group secured a licence with Malta’s gambling regulator in 2019 within the B2C category to provide ‘Type 1 Gaming Services’. The company, who’s shareholding is evenly split between Russian nationals Denis Volodin and Galina Volodina, was identified by the regulator of having a total of four breaches to the conditions of its licence.

The MGA said it failed to pay the authority the applicable licence fee for the year 2021, pertaining to November 2021 – November 2022, amounting to €25,000.

The company was also found to have repeatedly failed to pay applicable compliance contribution fees to the authority, amounting to €10,333.

To date, the authorised person within DGV Entertainment Group failed to submit audited set of financial statements for the period covering January to December 2020 within the timeframe stipulated by law.

Lastly, it was found the company failed to submit interim financial statements covering January 2021 to June 2021 by the August deadline.

In view of the above, the MGA slapped DGV Entertainment Group with a notice of cancellation, providing the company 20 days’ chance to make submissions as to why the regulator should not proceed wit the licence cancellation.

Continue Reading

EvenBet Gaming promotes Roman Bogoduhov to commercial director of LatPoker

19 June 2024
by Helena Grech

Leading provider accelerates LatPoker network development with latest appointment

Thunderkick launches in Ontario with industry heavyweights PokerStars and LeoVegas

18 June 2024
by iGamingCapital.mt

Latest move continues North American expansion for popular provider

Push Gaming expands in Mexico with Winpot.mx

17 June 2024
by iGamingCapital.mt

Ten of the studio’s hit games are now live in the region following the content launch

Altenar announces Kero Gaming partnership to bolster micro-betting offering

11 June 2024
by iGamingCapital.mt

Altenar becomes first sportsbook software provider to adopt supplier’s micro-betting technology

See more