MGA Suspends World Watch Luxury’s Gambling Licence

August 21, 2020 by

Watch World Luxury, a watch retailer based on the island nation of Malta, has had their gambling license revoked by The Malta Gaming Authority (MGA), the regulator in the region. With their license being revoked, the brand is not allowed to perform any gaming operations, including the accepting of new deposits or the registering of new players on their sites.

World Watch Luxury, a retailer based in the region held draws for its watches on social media as well offered peer-to-peer games on its sites through its Type 3 B2C gambling services licence, which was issued by the Malta Gaming Authority in 2018. The brand’s sites are currently both not active.

The decision by the Malta Gaming Authority to suspend the license comes after World Watch Luxury had failed to adhere to regulations by making essential regulatory data available and designating key function roles within the company. World Watch Luxury may appeal the decision by the regulating authority to suspend their license.

The latest revocation of a gaming license comes as the Malta Gaming Authority looks to step up controls in the region. The regulating authority has dedicated significant resources to ramping up its enforcement action as it looks to improve measures to safeguard vulnerable players will ensuring the compliance of operators. To this end, the Malta Gaming Authority starting a process of ad hoc responsible gambling audits on licensees last year, which they say are proving to be effective in ensuring laws are adhered to, thus far.

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