UKGC and GLA suspend operating license of MoPlay

25 Feb 2020

Both UK and Gibraltar gambling regulators decided to suspend the licenses of Addison Global Limited, the operating company of online bookmaker MoPlay, due to financial security issues.

More specifically, Gibraltar’s Gambling Licensing Authority (GLA) suspended first Addison Global’s operating license; following advice from Andrew Lyman, Gibraltar’s Gambling Commissioner, regarding the company’s lack of financial support necessary for meeting its licensing conditions.

Lyman had been working closely with the company’s executives on restructuring proposals that had been put forward by its shareholder, who had assured the Commissioner that his intention was to support the business and its further development.

Nevertheless, those proposals, along with the promised financial support by the shareholder, never materialized. Thus, the GLA was left with no choice but to suspend Addison Global’s license, in order to protect MoPlay’s members from any further detriment.

Following the example set by the GLA, the United Kingdom Gambling Commission (UKGC) also suspended the operating license of Addison Global. The UKGC stated that the parent company of MoPlay has breached a condition of its license, therefore it is deemed unsuitable to continue its licensed activities.

Despite the immediate effect of the suspension, as Addison Global is already prohibited from offering all gambling related activities through its MoPlay website across Britain; the company isn't blocked from returning any outstanding balances to players or settle any outstanding winning bets.

Nonetheless, MoPlay UK has confirmed that the firm is now bankrupt and that it has ceased processing player withdrawals due to financial difficulties.

Join and grab exclusive bonuses, daily offers and free bets!

Lay hands on exclusive daily bonuses for members only. These promos are limited and are not advertised on the website.

Yes, I have read the Terms & Conditions and I consent to receiving emails from Bookmakers.bet regarding betting promotions, betting guides and news.

BOOK SPY

The Swedish operator, Betsson, has announced a partnership with Brazil’s Campeonato Pernambucano for the tournament’s 108th edition. The bookmaker wil...

Read more »

Every day we get bombarded by dozens if not hundreds of extravagant remarks by various online sportsbooks claiming to be the best when it comes to odd...

Read more »

The online sports betting site 888sports has made a two-year deal with the Bundesliga top-tier team RB Leipzig. As a part of this new partnership 888s...

Read more »

The gaming regulator of Sweden, Spelinspektionen, based on the country’s Gambling Act that was presented back in October 2021, announced that it...

Read more »

Stake.com has made its official entry into the UK market since securing a UK Gambling Commission (UKGC) license earlier this year. The bookmaker will ...

Read more »

Swedish Elite Football (SEF) and Unibet present a new collaboration where more than 1,000 active professional football players and coaches will take o...

Read more »

The gaming regulator of Switzerland Gespa announced a new president of the board, Jean-Michel Cina, who will replace the former president Jean-Francoi...

Read more »

1Xnews, the official portal of 1xBet, has announced an agreement with football club Goa of the Indian Super League. The deal is for the 2021/22 season...

Read more »

The Premier League’s football club Chelsea and its partner, the renowned bookmaker Parimatch, have launched their brand new campaign named ‘The Chosen...

Read more »

According to recent research, gambling-related companies are the most common form of shirt sponsors in European football for another year. Over one fi...

Read more »

LATEST BOOKMAKER PROMOTIONS