Rush Gaming suffered a major setback as the Malta Gaming Authority (MGA) revoked its gaming license, rendering the company unauthorized to continue its gaming operations in Malta. Despite this, the company is obligated to ensure continued access for players to their accounts and is required to refund all owed funds.
The cancellation of Rush Gaming’s authorization stems from a regulatory violation, falling under reg. 8 (1) (f) of the Gaming Compliance and Enforcement Regulations. This action aligns with reg. 9 (1) (c) of the Regulations, invoked due to the company’s failure to adhere to pertinent obligations outlined in Maltese regulatory instruments and laws.
This marks the first instance in 2024 where a company has faced deauthorization. Preceding Rush Gaming, AMGO iGaming, SFJL Holding, and Elite24bet Casino encountered similar actions from the MGA in 2023 for breaches of Maltese gaming regulations.
The timing of Rush Gaming’s suspension, less than three weeks before the impending tenure of Charles Mizzi as the new CEO of the MGA, adds a significant layer of context. Mizzi, with over 25 years of experience in finance, investment, and Maltese business, is poised to take over from current CEO Carl Brincat after a period of shadowing.
The decision to revoke Rush Gaming’s license was deliberated and finalized by the MGA Board of Directors in December. Mizzi has expressed his ambition to build upon the Authority’s past accomplishments, emphasizing a strategic direction to fortify Malta’s standing in the market.
However, Rush Gaming has the option to appeal the suspension, utilizing the provisions outlined in Article 43 of the Gaming Act. This avenue provides a potential opportunity for the company to contest the MGA’s decision.
