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UKGC initiates licence suspension to Gibraltar-based supplier Nektan

Posted:: Apr 29, 2021 15:00 Category: Regulatory , Europe , Posted by Maria

Nektan is believed to have “breached conditions of its licence”

The UKGC has suspended Nektan’s licence following a pending investigation into its Gibraltar-based business after investigations lead to the regulator concluding that the company was in breach of its licence.

Gambling ComissionNektan is the British-facing B2C arm of the gambling business that was sold by administrators in early 2020. The gaming regulator said that the business was unsuitable to carry on the licensed activities, and the licensed activities are being or have been carried on in a manner which is inconsistent with the licensing objectives.

Nektan’s UK bingo and online casino licences is still pending a formal investigation.

Until the process of the investigation goes through, the regulator has suspended their licence ‘until such time as the operator can satisfy the Commission it is operating compliantly”.

“We have made it clear to the operator that it must communicate effectively with its customers and that the suspension does not prevent it paying out winnings.”

The UKGC has not yet disclosed whether the suspension of the licence took place under the new ownership or the previous one.

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