Malta Gaming Authority cancels authorization of two companies

(PRESS RELEASE) -- The Malta Gaming Authority has decided to cancel the authorization awarded to CZ Trading Limited (MGA/B2C/209/2007), hereinafter the “Authorized Person”, effective as of 17 June in terms of regulation 10 of the Gaming Compliance and Enforcement Regulations (S.L. 583.06), hereinafter the “Regulations”.

The Authorized Person is thus no longer authorized to carry out any gaming operations and is required to settle all outstanding fees that are due to the Authority immediately.

The Malta Gaming Authority has decided to cancel the authorization awarded to Cyberslotz Services Malta Limited (MGA/B2B/144/2007), hereinafter the “Authorized Person”, effective as of 17 June in terms of regulation 10 of the Gaming Compliance and Enforcement Regulations (S.L. 583.06), hereinafter the “Regulations”.

The Authorized Person is thus no longer authorized to carry out any gaming operations, register new players or accept new customer deposits, but is required to retain and provide all registered players with access to their player accounts, to refund all funds standing to the credit of players in line with the applicable law and to settle all outstanding fees that are due to the Authority immediately.

Both failed to discharge financial commitments to the Authority for its operations; and
the both failed to pay in a timely manner all amounts due to the Authority.