MGA cancels Oddsfly licence over €104,800 in unpaid fees | Gambling Insider
The Malta Gaming Authority has formally cancelled Oddsfly’s B2C licence following years of unpaid licence and compliance fees and a prolonged suspension dating back to 2018.
Key points:
Key points:
– Oddsfly failed to pay €75,000 in annual licence fees for 2018–2020
– Oddsfly failed to pay €75,000 in annual licence fees for 2018–2020
– An additional €29,814.52 in unpaid compliance contributions was also cited
– An additional €29,814.52 in unpaid compliance contributions was also cited
– Licence MGA/B2C/260/2014 was suspended in August 2018 and is now officially cancelled
– Licence MGA/B2C/260/2014 was suspended in August 2018 and is now officially cancelled
The Malta Gaming Authority (MGA) has issued a formal notice of cancellation for Oddsfly’s operating licence, citing repeated breaches of financial and regulatory obligations under Maltese gaming law.
The decision follows Oddsfly’s failure to pay a combined total of €104,814.52 ($118,000) in annual licence and compliance contribution fees dating back to 2018.
According to the MGA, the company did not pay licence fees for three consecutive years, amounting to €75,000 and has an additional €29,814.52 in overdue compliance payments as of August 2018.
In a notice issued under the Gaming Compliance and Enforcement Regulations (S.L. 583.06), the Authority stated that it had determined the conditions that led to the original suspension in 2018 had not been resolved.
Good to know: The licence, originally granted under reference MGA/B2C/260/2014, was formally suspended on 7 August 2018
Good to know: The licence, originally granted under reference MGA/B2C/260/2014, was formally suspended on 7 August 2018
Regulators cited multiple grounds for the cancellation, including failure to discharge financial commitments, bankruptcy or insolvency, and non-compliance with regulatory and legal obligations.
The MGA also confirmed that Oddsfly is currently obligated to settle the outstanding balance, which will continue to accrue interest until paid in full.
This enforcement action stands in contrast to other recent MGA developments, such as the May 2025 licensing of Two Shepherds. That launch saw the debut of Jackpot Lounge, a new online casino powered by White Hat Gaming’s PAM platform, signalling ongoing regulatory activity in the jurisdiction’s iGaming sector.
The MGA has reserved the right to pursue further regulatory or legal action against Oddsfly if the outstanding debt remains unpaid.
