Addison Global’s UK licence suspended as UKGC confirms review
Future of MoPlay brand in doubt as regulator initiates interim suspension
Addison Global’s UK gambling licence has been suspended pending a full review, the Gambling Commission (UKGC) has confirmed this morning.
The UKGC has said that the interim suspension is under section 120 of the 2005 UK Gambling Act with the UKGC acting on suspicions that the UK licence has been breached.
“We consider it appropriate to suspend the licence with immediate effect pending the conclusion of the review,” the UKGC revealed earlier today.
The licence suspension makes it illegal for Addison Global Limited to offer gambling services via its moplay.co.uk website in Britain but does not prevent the operator from returning any outstanding balances to customers.
Under current UKGC rules, the firm is authorised to settle any outstanding winning bets. At present, the MoPlay site is still live, but carries the message: “We are currently only processing withdrawals. All other functions are currently suspended.”
The suspension follows the earlier withdrawal of the firms four Gibraltar licences yesterday over the failure to attract sufficient investment support required under Gibraltarian regulations.
EGR understands that Gibraltarian regulatory officials have been liaising with the UKGC in the run up to yesterday’s announcement.
Addison Global is the second UK-licensed operator to have its licence suspended in the space of a week, following Matchbook’s earlier licence suspension on Monday evening.
A spokesperson for Addison Global said the firm was working as hard as possible to ensure the very best result for everyone involved and connected to MoPlay.
“Together with the former executive team, with whom we are working very closely in the offices in Gibraltar, we are in direct contact with all stakeholders and Addison Global’s suppliers.
“We are also liaising regularly with the UK and Gibraltar regulators. In light of the licence suspensions, we are no longer taking bets, registrations or deposits, however, players can of course withdraw funds,” Addison Global added.