Cancellation of Authorisation for SFJL Holding Limited

MALTA (November 13, 2023) — The Malta Gaming Authority (the ‘Authority’) has decided to cancel the authorisation awarded to SFJL Holding Ltd (the ‘Authorised Person’), bearing reference number MGA/B2C/313/2006, effective as of 8 November 2023, in terms of regulation 10 (1) (b) of the Gaming Compliance and Enforcement Regulations (S.L. 583.06) (the ‘Regulations’).

Pursuant to the foregoing decision, the Authorised Person is hereby being directed to:

1. Settle all Compliance Contribution fees that are due to the Authority, within a period of seven (7) working days from the date of receipt of this letter;
2. Remove, with immediate effect, any reference to the Authority and the authorisations in accordance with article 51 of the Gaming Act (Chapter 583 of the Laws of Malta) (the ‘Act’); and
3. Submit to the Authority a transaction report extracted from their back-end system together with the supporting bank statements, attesting that all player funds have been duly remitted to the registered players within a period of seven (7) working days from the date of receipt of this letter;

Should the Authorised Person feel aggrieved by the decision taken herewith by the Authority, such person shall have the right to file an appeal before the Administrative Review Tribunal in terms of article. 43 (1) of the Act within twenty (20) days from the effective date indicated above.

This decision is being published in terms of the provisos to regulation 12 of the Regulations.

SOURCE: The Malta Gaming Authority.