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MGA Revoked Goldwin Limited’s License: What Happened?

MGA Revoked Goldwin Limited's License: What Happened?

The Maltese gambling regulator Malta Gaming Authority (MGA) has officially revoked the license of Goldwin Limited (license number MGA/B2C/533/2018) as of March 13, 2025. This decision was made due to numerous violations of regulatory requirements and failure to meet obligations to players within the specified deadlines.

License Revocation

The revocation of the license took place in accordance with the provisions of Gaming Compliance and Enforcement Regulations (S.L. 583.06), specifically:

  • Article 9 (1) (c) – violation of license conditions;
  • Article 9 (1) (d) – non-compliance with player protection requirements;
  • Article 9 (1) (l) – failure to meet financial obligations;
  • Article 10 (1) (a) – other regulatory violations.

Goldwin Limited’s Obligations

Following the license revocation, the company must fulfill a number of requirements:

  1. Notify players of the license revocation via email and post a relevant message on the website within 30 days.
  2. Pay outstanding debts to the MGA within five business days.
  3. Remove any mentions of the MGA license from marketing materials and the website.
  4. Ensure player withdrawals, directing them to the MGA’s complaint system.

Background of the Situation

The decision to revoke the license followed the suspension of Goldwin Limited’s operations on September 25, 2024. At that time, the regulator identified violations related to failure to meet obligations to players and non-compliance with regulatory standards.

Appeal Option

Goldwin Limited has the right to appeal the MGA’s decision in accordance with Article 43 (1) of the Gaming Act (Chapter 583 of the Laws of Malta). However, the company is currently obligated to comply with all regulatory requirements within the specified deadlines.

Conclusion

The revocation of Goldwin Limited’s license highlights the MGA’s strict control over the gambling market. Players with accounts at the company are advised to carefully monitor notifications and contact the MGA if they need to withdraw their funds.