LOTP receives the green light from Isle of Man regulator
Source: Shutterstock

LOTP receives the green light from Isle of Man regulator

Lord of the Pot (LOTP), an online sportsbook aimed at esports and sports fans, has been granted a B2C licence by the Isle of Man Gambling Supervision Commission.

After receiving the necessary approval from the regulator, LOTP has now entered the ‘final stages of preparation’ to launch its offering. 

Prior to launch, LOTP will integrate live fantasy and pari-mutuel games from software provider Tokigames. Back-office functionality will be provided by Pragmatic Solutions while the operator’s affiliate programme will be run and managed by Affiliate Insider.

A spokesperson at LOTP, said: “The Isle of Man sets that standard when it comes to licensing online gambling organisations and with its understanding of the Asian market, it was the perfect fit for our business.

“Of course, we wanted to ensure we were working to its standards from the get-go and Amber Gaming has proved vital in helping us navigate the licensing process while also making sure that we not only meet but exceed these requirements.

“With our Isle of Man licence, we can now prepare to launch LOTP in the Asian markets we have identified as offering the greatest potential and with a product that we know is meeting the highest levels of safe gaming and responsible gambling.”

The sportsbook operator was supported during the licensing process by Amber Gaming to ensure that it was compliant with regulations. 

Following its launch, LOTP will primarily target players in Asian markets, offering markets for games such as Counter Strike: Global Offensive, Dota 2, League of Legends as well as traditional sports.

Karen Yates, Director and Head of Corporate Governance at Amber Gaming added: “We are delighted to have assisted LOTP in securing its B2C licence from the Isle of Man Gambling Supervision Commission, which sets the highest possible standards for operators to meet.

“Just like the regulator, the Amber Gaming team is highly experienced  in the Asian market and we know what operators need to do in order to meet and exceed the requirements set by the Commission, which in this instance has ensured that LOTP has secured its licence in a timely manner.

“LOTP has a strong foundation on which to build a successful business in Asia and we are honoured to have played a part in its journey to date.”

Check Also

Betway maintains esports presence with PSG.LGD extension

Online sports betting operator Betway has maintained its extensive presence in the esports sector via …

Bayes Esports: Predicting the unpredictable with esports events

Darina Goldin, Director of Data Science at Bayes Esports, takes a look at seasonal trends …

Sportsflare extends long-term partnership with GameScorekeeper

Tidal Gaming Group’s B2B esports odds provider Sportsflare has formed a production and distribution partnership …