Enforcement Action taken with regards to Mr Iosif Galea
The Malta Gaming Authority (‘Authority’) has notified Mr Galea with an enforcement action dated 06 June 2022, detailing its decision to cancel, in terms of Reg. 10 (1) (a) of the Gaming Compliance and Enforcement Regulations (the ‘Regulations’), any approvals issued in Mr Galea’s regard to act as director for MGA licensees.
Up to the time of issuance of the Authority’s decision, Mr Galea held a directorship role with one of its licensees. Subsequently to said decision, however, Mr Galea no longer holds any form of authorisation nor approval which the MGA is empowered to issue in terms of the Gaming Act (Cap. 583 of the Laws of Malta) (the ‘Act’) and/or any binding instrument issued thereunder. Moreover, and by virtue of the same enforcement action, the Authority has also issued Mr Galea with an order in terms of Reg 8. (1) (a) of the Regulations to immediately and indefinitely cease and desist from the carrying out of any activity, or the provision of any service, which requires any form of authorisation and/or approval in terms of the Act and/or any binding instrument issued thereunder.
This publication is hereby being issued in terms of the first proviso to Reg 8 (1) (f) of the Regulations since the underlying matter pertains to the public’s interest, as well as to the interests of the Authority’s licensees and the industry at large. Additionally, this notice is also being published in terms of Reg. 12 of the Regulations to serve as further notification in terms of law.
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