The United Kingdom Gambling Commission (UKGC) has revoked the license of online casino operator MaxEnt Limited.
The decision to revoke the license will come into effect from June 18. The gambling commission has also urged the operator to engage with its customers and resolve their issues which they might have due to the gambling commission’s decision.
The gambling commission has found irregularities in the information provided by the online casino service provider.
In its announcement concerning the revoking of the license of MaxEnt, the gambling commission has said that the decision was taken after a proper hearing in front of a regulatory panel and then decided to revoke the operating license under section 102(4)(b) of the Gambling Act 2005.
“This is because the commission is not satisfied that it would have been granted the operating license to the licensee had the new controller been a controller of the company when the application for the operating license was made.
“In particular, the commission is not satisfied as to the source of funds used to acquire and support the licensee at the time of, and following, the change of corporate control.
“The commission also identified concerns relating to the new controller’s suitability, in that it appeared that he had provided conflicting information and had failed to be full and frank in his dealings with the commission.”