For most firms to start off their business, the main idea will involve applying for operational license. There is a number of betting authorities that awards these licenses but they usually differ from country to another. The main different involves various taxation rates, rules under which to comply to and mostly the amount of cash that can be used to acquire such a license. Many firms have considered Malta as well as Gibraltar licenses for they are easier to acquire for little amount. Nonetheless, these licenses have their own jurisdictions such that they can’t operate in all European nations.
UK has been known for its stern restrictions in operational license acquisition. However, many consider these licenses from UK’s Gambling Authority far much better from other authorities. This comes despite having strict acts that should always be followed. This could be the main reason which prompted the Magnet Gaming firm to seek the Remote Gambling Software Operating License from the UK Gambling Commission.
This firm which has its roots in Denmark joined the league of a number of companies who supply their products abroad and must have the ultimate license for their work. These firms have to act in accordance with the 2014 Gambling (Licensing and Advertising) Act if at all they desire to have smooth business functioning.
Magnet’s Head of Game Licensing, Thomas Nielsen claimed that for his firm to have the advantage of the new markets abroad, this license must have come into play. This comes as a result of the fact that the UK market has established itself as the superior and productive market across the globe. This in turn brings in its high standards and this was fundamental for Magnet Gaming to seek the operational license.
He continued to add that this will be a huge step for the firm which aims in bringing the best games to their British clients which will be accompanied by amazing retention rates for the maximization of incomes.
This comes before next week’s ICE Total Gaming where Magnet Gaming will be on stand N6-210 as it showcases its existing and new games including Vikings, Candy Kingdom and Space Gems.
This article is published in: News
Tags: licensing, Malta, online gaming, UK
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