MaxEnt has appealed against the license revocation by the UK gambling commission. Earlier, the UKGC had announced to revoke the gambling software license of the online gambling services provider.
The UKGC revoked the companies license after it was concerned about the information provided by the gambling operator about its finances. It is believed that the gambling regulator found discrepancies in the information provided by the company.
The company was allowed to appeal until June 18, 2019; however, it has already appealed against the decision.
The online gambling operator has said that it fulfills all the criteria that have been set by the UK gambling commission. It said that they have sufficient funds, both in the short-term and the long-term and had also mentioned their source of funds to the satisfaction of the gambling regulator.
MaxEnt also clarified that the UK gambling commission’s issues were not linked in any way to how ‘the business is run or with how customers are treated’ but rather the issues stemmed from ‘the transition period which happened prior to the change of management.’
In its appeal, MaxEnt said that it ‘will seek to have proper regard of the change of management taken.’
In a statement to the press, MaxEnt said: “We feel that the Commission’s decision is not sufficiently objective, hence why we are appealing. We do not intend to leave the UK market at this time.
“We are hopeful of a positive outcome following our appeal, but we will be carefully considering our position in the UK market, nonetheless.”