United Kingdom Gambling Commission (UKGC) issues UK iGaming licences
05 May 2015
With a discerning market place for international online gaming operators having a robust presence in the United Kingdom, the United Kingdom Gambling Commission (UKGC) have been awarding online gaming licences to significant operators over the past year such as Canadian Amaya Gaming, PokerStars and Full Tilt, which are the two subsidiaries of online gaming of the Toronto listed Amaya Gaming operator.
Gaming Management Company, BetConstruct and mobile development specialist Mkodo has been the latest recipients to be approved for online gaming licences by the United Kingdom Gambling Commission (UKGC). While mobile development specialist Mkodo (UKGC) issued license is established as a Remote Operating Licence, it still allows the specialist to provide their services to the operators in the United Kingdom market. BetConstruct was issued a Gambling Software Operating license which secures their services to operators in the market.
“The United Kingdom market is a key market for BetConstruct and is central to our growth plans. We are pleased that our Sports Betting software has met the UK Gambling Commission’s high regulatory standards,” BetConstruct commercial director George Voyatzis commented.
Managing director for Mkodo, Stuart Godfree commented on the new issued license said: “Regulation is often looked upon as a necessary evil, but at mkodo we actually see it as a benefit. “It makes us constantly review our practices, processes and the way we work and report to our clients,” he elaborated. “We very much welcome the new licensing and look forward to working with our clients within the UK’s new regulatory framework. “The new guidelines ensure that all companies supplying technical, marketing and promotional services within the UK betting and gaming industry are operating at the highest standards – something that will benefit both customers and the industry as a whole.”
Mkodo is well established in the international market with existing licenses for Canadian provinces of British Columbia and Atlantic Canada.
In recent months in the first quarter of 2015, saw online gaming operator 666bet gaming licence suspended due to certain operating services activity not in line with the issued (UKGC) license. The operator has since been in review by the United Kingdom Gambling Commission (UKGC) and is awaiting the outcome of that review, subject to a comprehensive investigation.
The key factors in considering and issuing of online gambling licences in the United Kingdom has its merit with longstanding quality and insuring that operators adhere to the terms and condition of the (UKGC).