MGA Rules & Secure Money of Players. (?;) What exactly applies.

goal2

Well-Known Member
25 Apr 2016
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What exactly is the case if a betting company licensed in Malta (MGA) is bankrupt.
A serious issue that concerns us all. And questions waiting for answers.
I do not necessarily mean the case of Mybet. The question is general in cases of betting insolvency, which is licensed to MGA.
And the question is only for MGA, not for Kurassa,

Here's the link to all the terms of the MGA. https://www.mga.org.mt/legislations-regulations/

And here is the specific term. Game protection rules. (Gaming player protection regulations 2018)

https://www.mga.org.mt/wp-content/uploads/Gaming-Player-Protection-Regulations-2018-1.pdf

Question 1) Someone who knows English speaking will do a good translation and, with a few words, tell us the main details of the regulation.

Question 2) Does anyone know if there is a similar case in the past? A bankrupt company and what really happened if MGA's money was spent on all players, or if this is a fine story, a formal regulation that has not been implemented and will not be enforced. CASES ONLY for MGA, not like Gobetgo's license to Kurasao
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goal2

Well-Known Member
25 Apr 2016
385
454
63
Answer: MGA rules & secured money for players.;)What exactly is true.

In the 2 link with pdf. Down to "Part III Protection of Player Funds"
writes about what I asked.
Last edited:

goal2

Well-Known Member
25 Apr 2016
385
454
63
Answer: MGA rules & secured money for players.;)What exactly is true.

MGA is not going to do anything, neither for MYBET nor for any other betting that will be closed, and I do not know if it's fairy-tale what they say about protecting money players in separate accounts.
From the few times I looked, I found similar cases with other MGA license bottles. When they left the last 2 night and the players did not get their money.

digibet.com - no payment
mrringo.com - no payment
tipxpress.com - no payment

mybet.com - probably not paying
royrichie.com - likely not to pay
bigbetworld - I can not payâ € <

JordanRules

Active Member
13 Apr 2018
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Answer: MGA rules & secured money for players.;)What exactly is true.

the crucial question is this

if now with the new licensing law that the state is asking for 5 for the casino, 15 is closed from 20 betting, we will show our money;

why with mybet and not seeing it in the end, say "ok, one time it was, it was the exception, I did not have a lot of money in there because mybet did not have a lot of moves to play"

in other companies that I find almost everyday to play something, so I do not take up almost ever for small amounts, that's what's happening;

if you close 15 small-sized companies, the small amount is becoming very big ...

I've begun and I'm thinking of pulling all of the little ones ....
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goal2

Well-Known Member
25 Apr 2016
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63
Answer: MGA rules & secured money for players.;)What exactly is true.

Your thoughts are very correct. I just had this worry when the vivobet was closed and said it was closing due to the new law. If you want my opinion, do not think it all, trust a big balance only at 365 elementaries fans who do not seem to have anything to do with it seems to have requested withdrawals from all the rest you have a great deal of, and leave as much as possible.
If you do not get what you have to keep playing, then never play your bet in a company, it was killing it in a lot and where you used 100 on a 20 base on 5. That's exactly what I've been doing here for a while, to have my head quiet, else to lose from 100 to 10 companies and other than 500 to everyone.
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goal2

Well-Known Member
25 Apr 2016
385
454
63
Answer: MGA rules & secured money for players.;)What exactly is true.

the crucial question is this

if now with the new licensing law that the state is asking for 5 for the casino, 15 is closed from 20 betting, we will show our money;

why with mybet and not seeing it in the end, say "ok, one time it was, it was the exception, I did not have a lot of money in there because mybet did not have a lot of moves to play"

in other companies that I find almost everyday to play something, so I do not take up almost ever for small amounts, that's what's happening;

if you close 15 small-sized companies, the small amount is becoming very big ...

I've begun and I'm thinking of pulling all of the little ones ....
Spartabet here and 10 days does not accept deposits. Now this one "due to the transition from spartabet.com to spartabet.gr" I do not know what it really means.
H has 4 Euros for the license.
Or there will be changes to the bill and the license will cost less.
Simply this "switch to spartabet.gr" means closed.
spartabet.jpg

stpsilan

Active Member
25 Oct 2017
214
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Answer: MGA rules & secured money for players.;)What exactly is true.

Spartabet here and 10 days does not accept deposits. Now this one "due to the transition from spartabet.com to spartabet.gr" I do not know what it really means.
H has 4 Euros for the license.
Or there will be changes to the bill and the license will cost less.
Simply this "switch to spartabet.gr" means closed.
View attachment 25720
Logic says closure

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