Operator Failed to Meet Financial and Compliance Obligations Since 2018
The Malta Gaming Authority (MGA) has formally cancelled the B2C licence of Oddsfly, marking a final regulatory decision in a case that dates back to 2018. The operator had previously seen its licence suspended on 7 August 2018, and according to the Authority, the company has since failed to rectify multiple violations of its financial and regulatory obligations.
€104,814 in Unpaid Fees Cited in Official Notice
Oddsfly’s licence, referenced as MGA/B2C/260/2014, was revoked under Gaming Compliance and Enforcement Regulations (S.L. 583.06). The MGA cited the operator’s failure to pay €75,000 in annual licence fees spanning the years 2018 to 2020, in addition to €29,814.52 in unpaid compliance contributions.
The total outstanding debt amounts to €104,814.52, which the company is still obligated to pay. The MGA confirmed that interest on this amount will continue to accrue until the balance is fully settled.
Non-Compliance and Financial Insolvency Among Key Violations
In its formal notice, the MGA highlighted multiple breaches that justified the cancellation, including:
Failure to discharge financial commitments to the Authority
Evidence of insolvency or bankruptcy
Ongoing non-compliance with key provisions under Maltese gaming laws
The Authority noted that Oddsfly’s regulatory status had remained unresolved for nearly seven years since the initial licence suspension. The company did not take appropriate measures to restore compliance or settle outstanding obligations.
MGA Maintains Right to Pursue Legal Action
The MGA has made it clear that Oddsfly may still face further regulatory or legal proceedings if the outstanding payments are not made. This action underscores the Authority’s strict enforcement posture and continued efforts to uphold financial transparency and regulatory accountability in Malta’s iGaming sector.
MGA Still Active in Licensing
While Oddsfly’s case marks a definitive regulatory penalty, the MGA remains active in onboarding new operators. For example, in May 2025, the regulator issued a new licence to Two Shepherds, marking the launch of Jackpot Lounge, a new online casino powered by White Hat Gaming’s PAM platform.
