SBC News UKGC suspends unfit Nektan Plc's B2C licences 

UKGC suspends unfit Nektan Plc’s B2C licences 

The UK Gambling Commission (UKGC) has suspended the remote B2C online gambling licences of mobile gaming group Nektan Plc. 

The Commission informed that it has placed Nektan under a section 116 investigation, examining the ‘manner in which the operator carried its licensee practices’ and whether the company had breached its licence conditions and compliance duties.

In its notice, the Commission stated that Nektan B2C suspension had been enforced as it suspected that the business was unsuitable to carry on with its licensed activities, consistent with the UKGC’s licensing objectives.

“The licence suspension, effective from 27 April 2021, makes it illegal for Nektan (Gibraltar) Limited to offer gambling services via its websites which are listed on the Commission’s public register,” the UKGC informed. 

An embattled Nektan re-entered administration in April 2020, having been forced to reappoint administrators following a further failed investment round to secure its business units.

Prior to its administration, Nektan had entered an agreement for ActiveWin white label subsidiary Grace Media to acquire its B2C assets for £200,000, with Nektan agreeing to receive monthly fees for its divestment.

Nektan was founded in 2011 as a mobile-first white label online gambling services provider. Entering financial difficulties at the start of 2020, the company was forced to withdraw from trading on the London AIM exchange.   

The firm’s mobile casinos included PlayUK.com, Monster Casino, Jackpot Mobile, Kerching and Spins Royale.

Nektan’s B2B unit was acquired by Gibraltar-based Real-Time Strategic Marketing Limited and rebranded as Markor Technology.

SBC News UKGC suspends unfit Nektan Plc's B2C licences 

Check Also

SBC News UKGC committed to measure evaluation of Gambling Review proposals

UKGC committed to measure evaluation of Gambling Review proposals

David Taylor, Head of Evidence Assurance and Evaluation at the UK Gambling Commission (UKGC) has outlined …

SBC News UKGC assists in illegal South Wales gambling bust 

UKGC assists in illegal South Wales gambling bust 

South Wales’ Tarian Regional Organised Crime Unit (ROCU) has collaborated with the UKGC, HMRC and …

SBC News NHS: Sheffield clinic sees NGSN hit operating milestone

NHS: Sheffield clinic sees NGSN hit operating milestone

The NHS has reached an operating milestone in the support and development of the National …