Addison Global’s MoPlay Declared Insolvent

Following last week’s revocation of its operator licence, Addison Global’s MoPlay brand has announced that the company is now insolvent and has stopped withdrawals from customers, Inkedin reported. The operator was suspended after the UK Gambling Commission explained in a statement that it suspected ‘that Addison Global Limited has breached a condition of the licence (section 120(1)(b) and is unsuitable to carry on the licenced activities (section 120(1)(d) of the Act).’  Since the suspension, Moplay has ceased processing withdrawals, with the site now offline in the United Kingdom. A message on the MoPlay website said: “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.” Read more