The Malta Gaming Authority (MGA) has suspended Zero Seven Gaming Limited’s gaming services licence after failing to submit player funds reports and licence fees.
Zero Seven Gaming, which operated Germany-facing daily fantasy sports website sport.guru, was found to have breached article 9 of the Gaming Compliance and Enforcement Regulations, specifically sections that concern the non-submission of the player funds report and the “failure to pay in a timely manner all amounts due to the Authority,” including licence fees.
Under the decision, Zero Seven Gaming Limited is no longer authorised to carry out any gaming operations, register new players or accept new customer deposits, but is required to provide all registered players with access to their player accounts and to refund all funds owed to players.
The decision may be appealed by Zero Seven Gaming.
