Goldwin Casino loses MGA license
The Malta Gaming Authority (MGA) has decided to revoke the gaming license of Goldwin Ltd. with immediate effect. The license, reference number MGA/B2C/533/2018, was revoked due to multiple violations of applicable regulations.
The authority justified the move with regulatory failures that jeopardize player protection and failure to fulfill financial obligations. The MGA had already temporarily suspended Goldwin Ltd's license in September 2024. Now the final revocation has taken place after the company apparently failed to take sufficient measures to correct the identified deficiencies.
Following the license revocation, Goldwin is required to notify all players of the decision via email. A prominent notice of the revocation must also be displayed on the company's website for at least 30 days. Players who still have a balance are encouraged to contact the MGA's ticket system to request a withdrawal.
In addition, Goldwin must settle all outstanding fees within five business days of the revocation taking effect. Furthermore, all references to the MGA license must be immediately removed from the website, promotional materials, and other business documents. This is to ensure that the company does not make misleading statements about its legal status as a licensed operator.
Strict regulation by the MGA
The decision of the Malta Gaming Authority underlines that Violations of gambling regulations can have serious consequences. The MGA is one of the strictest regulators in the industry and ensures that licensees adhere to high standards of transparency, financial stability, and player protection. Companies that violate these requirements risk not only severe penalties but also the complete loss of their business in Malta.
For Goldwin Ltd, the loss of the license not only means the termination of its MGA license, but also potentially significant economic consequences. Without a valid license, the company cannot continue to legally offer its services, potentially leading to the loss of customers and partners.
Players who have previously played on Goldwin's platforms should now consider alternative providers with a valid license. This case clearly demonstrates the importance of playing only with reputable, regulated operators to ensure a safe and fair gaming experience.
For the gambling industry as a whole, the license revocation is another sign that the MGA is taking consistent action against violations. Providers who do not comply with applicable regulations must expect to have their license revoked. This strengthens long-term confidence in regulated gambling markets and protects players from dubious practices.
