Goldwin Looses MGA Licence
The Malta Gaming Authority (MGA) has taken decisive action by suspending Goldwin’s gaming license due to multiple regulatory breaches. The suspension, effective as of September 25, 2024, prohibits Goldwin from offering any gaming services under its license, MGA/B2C/533/2018. Despite this, the casino is still operational, so it is advised that players avoid engaging with the platform.
Key Points of the Suspension:
- Player Protections: While Goldwin is no longer authorized to conduct gaming operations, the company is required to maintain access to player accounts and ensure all outstanding balances are refunded. This move prioritizes the safety and rights of players, adhering to Malta’s gaming regulations.
- Regulatory Breaches: The MGA’s decision stems from violations of multiple provisions under Malta’s Gaming Compliance and Enforcement Regulations (S.L. 583.06). These include actions deemed to pose a serious risk to players' interests, failure to comply with legal obligations, and delays in fulfilling financial commitments to players.
Specific Breaches Highlighted:
- Regulation 9 (2) (b): This clause relates to actions that presented an imminent threat to the interests of players.
- Regulation 9 (1) (c): Goldwin was found to have failed in complying with key legal or regulatory obligations.
- Regulation 9 (1) (i): The company did not fulfill its financial commitments to players in a timely manner.
- Regulation 9 (1) (m): The MGA determined that there were valid reasons to suspend the license based on the overall conduct of the company.
Goldwin’s Right to Appeal
Goldwin has the right to appeal the suspension under article 43 of the Gaming Act. However, until any appeal is successfully resolved, the suspension remains in effect.
Should Players Be Concerned?
Yes, absolutely. Although Goldwin is required by law to ensure player balances are refunded, the casino remains operational despite the suspension. This uncertainty presents a risk to players, and it’s advisable to refrain from playing or depositing at Goldwin until the situation is resolved. If you have an account or funds in the casino, it is critical to contact their support to retrieve any balances owed.
This case serves as a reminder to always check the licensing status of a casino before playing, especially with operators facing regulatory issues. As the MGA continues its oversight, ensuring player safety and upholding standards remains a priority.
tickscollar All this bullshit was invented to squeeze out the last money. It used to be easier - bet on red, win or lose. And now some chickens are running, airplanes are flying... Circus.
xSuiZ The article is fire! Everything was laid out according to the facts. Drake is not a ludomaniac, he is a walking advertisement. And while the suckers believe in his "curse", Stake rakes in the money. Beautiful, you can't say anything. I've been riding a steak myself for a year now, I threw in crypto and generally don't give a about all the blocking.
Leoak Finally a good article on NC! I've been playing them since the very beginning, since the first Deadwood. Yes, their dispersion is crazy, you can lose a deposit in 100 spins. But when he pours ... It's worth it. In Mental x15k I caught, I still remember this spin. The whole point is in their x-mechanics, they really change the game, and not just for show.
tealblossom 2 minutes to respond? Yes, this is a dream! Otherwise, while you wait for these operators, you will already want to play. It's high time!
2sMilkiMiDiosa FIRE IN THE HOLE 3!! SCAM FROM NOLIMIT! HIT 2K, SPIN $10, NOT A SINGLE, BONUS!! HE JUST EATS AND DOES NOT CHOKE! I'LL NEVER GET INTO THAT SHIT AGAIN!
Slot of the Week: Le King Review – Elvis Raccoon and Neon Vegas Jackpots!
Turkian I love cascading slots, and then there are also ja...
Good thing I only played with bonus money last week! With this news, there’s no way I’m depositing anything there again until they resolve this mess.
The MGA doesn’t suspend licenses lightly, so this is a big deal. If you have money in Goldwin, don’t wait, withdraw it now!
It’s a shame to see Goldwin go down like this. They used to be one of my go-to platforms, but player safety should always come first.
Thanks for the heads-up! I had no idea their license was suspended. I’ll stay away until things are sorted out, but honestly, might never go back.
Glad I stopped playing there a few months ago. These infractions show they were neglecting player interests for a while. Avoiding them for sure.