Magic Services operates the Bet8.eu and Bet8.gr websites under a B2C gaming service licence issued by the MGA.
However, the MGA found that Magic Services violated Regulation 3 of the Gaming Licence Fees Regulations by not paying the annual licence fee for the period from 1 August 2020 to 31 July 2021.
The outstanding licence fee amounted to €71,035.54 (£61,079.77/$86,211.50), as stated by the MGA.
Magic Services has been given a 20-day period starting from 10 May to provide a written explanation for why its licence should not be cancelled. Additionally, it has been ordered to pay the unpaid licensing fee.
If Magic Services fails to respond within the given time frame, the MGA will proceed with the cancellation of the licence.
This decision comes after an insider source revealed that Ryan Pace is set to be announced as the new chairperson of the MGA. He was recommended for the role by the country’s Public Appointments Committee.
Pace has been serving as the deputy chairperson of the MGA and assumed the responsibilities of the chairperson when Heathcliff Farrugia stepped down in October.
