The UK Gambling Commission has today announced that it has commenced a review of the operating licence held by Addison Global Limited trading as MoPlay and, arising from that review, has suspended its licence.
This is the second such announcement this week, following that on 18 February 2020 in relation to Matchbook.
The UKGC’s announcement in relation to MoPlay follows a Notice of Suspension published on the HM Government of Gibraltar website, that provides more information regarding the background circumstances, stating as follows:
The Gambling Licensing Authority, on advice from the Gambling Commissioner, has today suspended the gambling operating licenses of Addison Global trading under the brand name Moplay.
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.
Information provided as at 19th February 2020
The UK Gambling Commission’s announcement in relation to MoPlay reads as follows:
Interim suspension of operating licence – Addison Global Limited trading as Moplay
We have commenced a review under section 116 of the Gambling Act 2005 (the Act) and, under section 118 of the Act, have decided to suspend Operating Licence No 050970-R-328650-008 Combined Remote Operating Licence – Real Event and Virtual Betting Casino held by Addison Global Limited whilst that review takes place.
We have decided to commence a review because we suspect that Addison Global Limited has breached a condition of the licence (section 120(1)(b) and is unsuitable to carry on the licensed activities (section 120(1)(d) of the Act). We consider it appropriate to suspend the licence with immediate effect pending the conclusion of the review.
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.
In accordance with section 118(4)(c) of the Act the Licensee is authorised to settle any outstanding winning bets that it has accepted in reliance of the above operating licences and return any outstanding balances to customers.
We have informed Addison Global Limited that we expect clear messaging to consumers regarding their accounts.
UPDATE: As reported by iGamingBusiness, Addison Global Limited has been declared insolvent and, since 22 February 2020, has stopped processing withdrawals, stating as follows: “Due to financial difficulties, we are unable to process withdrawals. We draw your attention to clause 9 of our terms and conditions which refers to the status of funds in the event of insolvency.”
Clause 9 of MoPlay’s terms and conditions states that: “funds will be held separate from company funds in a mixture of bank accounts and reserve funds which we hold with our payment processors. However, if there was ever a situation where we became insolvent, your funds would not be considered separate to the other company assets and you may not receive all your funds back.”
On 25 February 2020, Edgar Lavarello of PricewaterhouseCoopers Gibraltar was appointed the Provisional Liquidator of Addison Global Limited by Order of the Supreme Court of Gibraltar.