The online gaming company Addison Global who own and operate the brand name MoPlay have had their licence suspended by the Gambling Licensing Authority in Gibraltar. The suspension of Addison Global’s licence, who employ 130 people on the ‘Rock’, was taken after advice from the Gambling Commissioner.
A government of Gibraltar press statement stated: “The Gambling Commissioner has been working with Company executives on restructuring proposals put forward by the shareholder of the Company, who at all times have assured the Gambling Commissioner and Government of their intention to support the business and its further development.”
“These proposals, which included honouring all outstanding liabilities, have not materialised and the Gambling Commissioner is no longer able to accept that the firm is able to meet its licensing conditions.”
“It is most disappointing that the promised financial support from the shareholder has failed to materialise as the firm has not received the financial support it was projected to receive when first licensed.”
“Whilst the Directors will have to address the solvency issues, a decision has been made to suspend the relevant licences to protect consumers from any further detriment.”
When accessing the MoPlay site, visitors are met with the following message: “Please note that MoPlay cannot take any further bets or accept other gambling activity. Customers are still able to access their accounts to withdraw any funds held in their accounts. If customers have any queries please contact our Solutions team via Live Chat or via email.”
Although at the time of writing, the Addison Global site does not mention the suspension of their Gibraltar gaming licence.