The 4tune-Software cancellation came into effect on 28 March and was in connection to regulation 10(1)(a) of Malta’s Gaming Compliance and Enforcement Regulations, which relate to payments due to the MGA.
The Authority cancelled the licence in line with regulation 9(1) (c) and (l) of the Gaming Compliance and Enforcement Regulations, which grants the regulator powers to withdraw a licensee if the holder fails to comply with rules and requirements.
According to the MGA, 4tune-Software failed to discharge financial commitments to the Authority in relation to its operations, while it also failed to make payments within a required time frame. As such, the MGA said 4tune-Software is no longer authorised to carry out any gaming operations under its Maltese licence and is required to settle all outstanding fees due to the Authority.
