SBC News Voice of the Sports Betting Industry
Following the recent announcement that the UK Gambling Commission (UKGC) has revoked the remote casino and remote linked gambling software licence of online casino operator MaxEnt Limited, the operator has since lodged an appeal challenging the licence revocation.
Trading under the Maxent NRR Entertainment banner, the decision to revoke the MaxEnt licence comes after the identification of concerns relating to the operator’s finances and information supplied to the commission.
As permitted by the Commission, MaxEnt has been given a deadline for an appeal submission of the 18th June 2019.
The operator has since claimed the Gambling Commission’s criteria has been satisfied regarding whether the company was adequately funded both in the short- and long-term, and that the regulator is happy with the source of this funding.
The operator confirmed that the Gambling Commission’s issues were not linked in any way to ‘the business is run or with how customers are treated’ but rather the issues stemmed from ‘the transition period which happened prior to the change of management’.
As part of its appeal process, MaxEnt has stated that it ‘will seek to have proper regard of the change of management taken’.
Expressing disappointment in the UKGC ruling, MaxEnt emphasised: “We feel that the Commission’s decision is not sufficiently objective, hence why we are appealing. We do not intend to leave the UK market at this time.
“We are hopeful of a positive outcome following our appeal, but we will be carefully considering our position in the UK market, nonetheless.”
