Casino operator MaxEnt Limited has had its gambling license revoked by the UK Gambling Commission (UKGC).
The organisation, which is responsible for regulating brick-and-mortar and online casinos throughout the UK, announced the news last week, revealing that it had made the decision to revoke the firm’s license following its recent change in ownership by Greg Bennett.
According to the UK Gambling Commission’s announcement, the organisation believes the firm would not have been granted an operating license if the new MaxEnt Limited owner was in control when the original application was made.
In addition, the UKGC shared its dissatisfaction regarding the source of funds used to acquire and support the license following the change in ownership and the Commission also discovered concerns relating to the new owner’s sustainability after they provided conflicting information and “failed to be full and frank” with the Commission.
Following the Commission’s decision, MaxEnt Limited’s license will be completely revoked on June 18th. In its announcement, the Commission added: “We expect the management team at MaxEnt to engage with all its GB customers promptly.”
MaxEnt Limited, which launched as NRR Entertainment in 2010 and operates Slotty Vegas and BetAt Casino, has announced that it will be appealing against the Commission’s decision to revoke its license.
The UKGC has now given MaxEnt Limited until June 18th to repeal the case and stated that it didn’t immediately revoke the license in order to give the firm time to appeal the decision.
The casino operator has responded to the Commission decision expressing disappointment. They claimed the Commission’s decision wasn’t related to how the firm was run nor how customers were treated but about the availability of documentary evidence from years earlier.
In a statement, MaxEnt Limited said: “We feel that the Commission’s decision is not sufficiently objective, hence why we are appealing.
“We are hopeful of a positive outcome following our appeal, but will be carefully considering our position in the UK market nonetheless. We believe that other markets show great potential for a responsible, prudent operator such as ourselves.”