LGA ignores BMR request to take Betchance offline.
While the Lotteries and Gaming Authority completely ignored our request to take Betchance offlineand show online bettors that after Mario Galea\’s resignation there was some hope that Malta could becomea respectable betting jurisdiction, Bookmakers Review received multiple complaints from players who had agreedto settle for 30% of their balances just to receive nothing later.p>On a unrelated case, a Mybet customer had his balance confiscated by the bookmaker who accused the player of money laundering.
After the player posted the story on the SBR forum, a Mybet representative explained that the money laundering consisted in laying underdogs at odds of 1.02 on the exchange and have always the same related people matching the bets.
While this activity may probably cost a bookmaker its license if the money laundering activity is not stopped, this is a matter for the police and surely Mybet doesn\’t have any right to the money anyway.
Other that that, if Malta\’s licensing regulator cannot even stop a total scam like Betchance I doubt they care about money launderers (if that is what the players in this case were really doing).
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