MGA Suspends Condor Gaming Group B2C Licence

The Malta Gaming Authority has suspended the B2C gaming licence held by Condor Gaming Group under licence number MGA/B2C/340/2016.

The licence covers Tournaverse, Gambeta10, 24Bettle, BBets, BigCasino5, Casino Sieger, Rembrandt Casino and Lucky Bull.

The MGA has not disclosed detailed circumstances behind the decision but identified several statutory grounds supporting the suspension.

MGA Raises Suitability and Financial Concerns

According to the regulator, individuals involved in the ownership or management of the licensee may no longer satisfy the suitability requirements expected of a Malta-licensed gambling business.

The MGA also cited failures to comply with applicable Maltese gambling legislation or regulatory requirements.

A further ground relates to the company's financial obligations. The regulator said Condor Gaming Group has either failed to meet commitments arising from its operations or there are sufficient reasons to believe it may be unable to meet them.

The suspension also relies on the MGA's broader power to intervene when it considers there are serious grounds for regulatory action.

The regulator has not provided further information on which individuals, financial obligations or specific compliance requirements are involved.

Eight Brands Are Covered by the Suspended Licence

The affected B2C licence is associated with eight brands:

Tournaverse, Gambeta10, 24Bettle, BBets, BigCasino5, Casino Sieger, Rembrandt Casino and Lucky Bull.

Suspension of the licence does not remove the operator's existing liabilities.

Condor Gaming Group remains responsible for obligations owed to players and other parties arising from its licensed activities.

That distinction is particularly important in cases where an operator has outstanding player balances, withdrawals or commercial commitments when regulatory action is taken.

Condor Gaming Can Appeal the Decision

Condor Gaming Group has the right to challenge the MGA's decision through the applicable appeals process.

The current measure is a suspension rather than a final cancellation of the licence.

Under Malta's regulatory framework, the MGA can proceed to revoke an authorisation if the issues behind a suspension cannot be resolved or if the regulator determines that continued licensing is no longer appropriate.

For now, the regulator has not disclosed whether Condor Gaming Group has submitted a remediation plan or how long the suspension may remain in effect.