Everleaf Gaming Licenses Revoked By Maltese Gaming AuthorityJuly 30, 2013 12:42 pm
Back in March, we published an article entitled ‘Is Everleaf Gaming Network Doomed?‘ Now that question has taken a step further to being resolved after the Maltese Lotteries and Gaming Authority (LGA) announced that Everleaf Gaming Limited has had its gaming licenses suspended since July 26th.
Everleaf first ran into trouble back in early 2012 when the U.S. government seized $27k of its funds held at a payment processor, leading to Everleaf then blocking its American customers from playing. Thereafter, Everleaf players have encountered problems trying to retrieve their funds, with long cash out times upward of six-month experienced by its customers.
Now Everleaf Gaming’s situation has become even less tenable after the LGA revoked its licence, despite releasing little information on the matter as it seeks “not to compromise any further investigations that may need to be performed.” An extract of a statement released by the Maltese Gaming Authority did, however, explain:
“Everleaf Gaming Limited is therefore not authorised to continue conducting gaming by means of distance communications under an Authority Licence..Everleaf Gaming Limited has thus been directed not to continue registering new players, not to take any further deposits, and not to offer any games falling under the Authority’s licences until further notice.”
Prior to the LGA’s recent decision, the body had been carrying out a 16-month investigation of Everleaf after discovering “a number of irregularities” in its business’s operations. Incredibly, back in February the LGA then claimed that the “great majority” of players had been paid”, although this was subsequently disputed by a group of players who calculated that just 3% of cash outs had been processed in the previous nine months.
Everleaf Gaming’s customer now face uncertain times ahead as the LGA made no mention of helping to retrieve players’ funds in their latest statement.