UK Left Slotty Vegas Operator MaxEnt without License

At the beginning of June, the UK Gambling Commission has notified it has canceled the license of Slotty Vegas Operator MaxEnt because of concerns about its finances and the company’s new owner.

The UK regulator took the decision to revoke the license of Malta-based operator MaxEnt Limited due to its recent acquisition and the “conflicting information” the casino operator has furnished to the Commission.

The Gambling regulator’s decision enters into effect on June 18, which would mean that from the stipulated date MaxEnt would not have legal instruments to activate in the UK’s gambling market. The online casino operator must also take a commitment to announce its customers about its departure from the UK gambling market.

Under New Ownership – New Sanctions

As have been mentioned, the Gambling Commission decided to impose hard regulatory sanctions to MaxEnt concerning its change of ownership. The UKGC stated that following a hearing before the Regulatory Panel, it “has decided to revoke the operating license under section 102(4)(b) of the Gambling Act 2005.”

The gambling legislation concerning the change of corporate control provides for certain obligations to be respected. Thereby a company possessing the GC operating license shall either surrender it or apply for a license for the new owner.

Additionally, apart from the license application, the new controller of the company shall provide information about him and his interest in the company.

Under the legislation, in its regulatory decision to revoke the license, the Commission said that would have not granted an operating license to MaxEnt that had its new controller “been a controller of the company when the application for the operating license was made.”

The gambling company was accused of “the source of funds used to acquire and support the Licensee at the time of, and following, the change of corporate control.” More than that, the Commission considered that Maltese gaming operator “failed to be full and frank in his dealings.”

Max Entertainment Has Revamped

Max Entertainment is a company, which joined to the gambling industry in 2012, known in the past as NRR Entertainment. The gambling operator is headquartered in Malta, having two online casinos: Slotty Vegas and BETAT.

Nowadays Max Entertainment’s casinos activate according the license from the Malta Gaming Authority, as the Gambling Commission revoked the license to offer online gambling in the United Kingdom.

As a wish to re-evaluate the casino options and to bring a fresh breeze in their activity, recently the company revamped its Slotty Vegas. They changed and improved the game colour palette and design portfolio, the speed of navigation and payment methods. This change is considered the initial phase of process improvement.

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