It is not the MGA bank account the money should be kept in. It is saying that the licensed bookmaker SHOULD be keeping all player funds in a separate protected account so that money can always be remitted to players before other creditors if the business closes.
In practice, this does not appear to have been the real situation.
As Lonnie pointed out MyBet and RoyRichie have closed their doors in recent months. In both cases segregated player funds have been mentioned, but still no one has been paid, yet.
In practice, this does not appear to have been the real situation.
As Lonnie pointed out MyBet and RoyRichie have closed their doors in recent months. In both cases segregated player funds have been mentioned, but still no one has been paid, yet.