CenturionBet Limited Licence Suspended
by Glenn Baird - June 12, 2017
Earlier this week The Malta Gaming Authority (MGA) suspended the online gambling licence of CenturionBet Limited, the operator for Bet1128.
MGA stated that, “CenturionBet Limited has thus been directed to indefinitely suspend all gaming operations, cease to register new players, suspend all transactions on all websites, including deposits and withdrawals, and submit all data and documentation requested by the Authority.”
They go on to state, “that any websites operated by CenturionBet Limited, or associated with CenturionBet Limited, and which make reference to the Authority or the above-quoted licence is not approved to be operational by the Authority.”
MGA cannot reveal any further information about the suspension whilst they fully investigate the matter. However, there have been claims for a number of years now that Bet1128, previously operated by Paradise Bet LTD and owned by Vito Martiradonna, hold heavy ties with Italian organised crime syndicate, Sacra Corona Unita, something that the family actively deny.
In an article published in October of last year, the Organized Crime and Corruption Reporting Project (OCCRP) claimed that the Martiradonna family moved their assets to Malta from the UK to avoid facing legal recriminations after Italian authorities had closed in on the family towards the end of 2009. When Italian police made their move on Paradise Bet LTD, there was little left for them to seize, following the sale of the company to CenturionBet Limited.
Interestingly enough the OCCRP states that the Martiadonna family owned both companies and that despite reports of a 10 million pound sale to Centurionbet no evidence of the deal appears in Paradise Bet’s accounts.
CenturionBet revealed in a statement to Italian gaming news agency Agimeg that they wanted to communicate their “deep regret” over what had happened and that despite the investigation they believe the company has “acted in full compliance” with Maltese regulatory laws. They have also assured that “all the payment activities of the winnings will be guaranteed.”
In the event that the promise is broken The MGA state that, “Players who deem to have any outstanding payments due to them on the mentioned licence are to contact the licencee directly for further assistance.”