MGA revokes Tipbet’s online gambling licence with immediate effect
The Malta Gaming Authority revoked Tipbet Limited’s online gambling licence with immediate effect on 20 May, according to the source. The MGA cited multiple breaches of gambling rules, unmet regulatory obligations and unpaid financial commitments; Tipbet must stop gambling operations and new registrations, return customers’ remaining balances, settle outstanding fees within five days and submit a transaction report within seven days.
The revocation requires Tipbet to cease operations and meet customer-payment and reporting obligations on short deadlines.