September 18, 2020

MGA cancels Knockout Gaming’s B2C license over violations

MGA cancels Knockout Gaming’s B2C license over violations

Malta—The Malta Gaming Authority (MGA) recently revoked Knockout Gaming Limited’s B2C gaming licenses in the country due to breach of gaming regulations.

Knockout Gaming was instructed to cease all of its gaming operations in the country. The operator is also not allowed to accept new customers nor player deposits.

But the operator is allowed to let existing players access its platforms, and also to refund monies currently in customer’s accounts.

According to the MGA, Knockout Gaming was revealed to have violated regulation 51 (1) of Malta’s Authorizations and Compliance Directive, and also failed to pay its agreed compliance distribution fee of €20,044.35 ($23,641.00) from June to November 2019.

Knockout Gaming is licensed to offer casino gaming and fixed-odds betting. It also operates four websites—Rush777.com, Knockoutcasino.com, Spinomaniac.com, and Welivebets.com—under these licenses.

Knockout gaming is allowed to appeal against the said decision.

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