Mybet Shutters Online Sportsbook

Players’ deposits safe due to Malta Gaming Authority regulations

Following its announcement on August 17 that it had applied for insolvency with the local court of Charlottenburg, online gambling group MyBet Holdings revealed Tuesday that it has decided to shutter its online sportsbook “in order to protect the interests of customers and creditors.”

In a brief press release the company assured players that their deposits are safe and protected through Malta Gaming Authority regulations, but cautioned that the legal and regulatory requirements of this particular situation mean that withdrawals from player accounts will be subject to delays due to the necessary involvement of the MGA.