Online betting operator MaxEnt Limited has had its operating license revoked by the UK Gambling Commission after the company's recent ownership change.
The Gambling Commission has concerns about the funds that were used to purchase the company, when it was previously known as NRR Entertainment. Conflicting information was also given, and the regulator has concerns that the owner hasn't been completely honest in his dealings with the Commission.
In their decision, the UKGC wrote: "The Commission is not satisfied that it would have been granted the operating licence to the licensee had the new controller been a controller of the company when the application for the operating licence was made." It also stated "[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."
The license will be revoked as of June 18th, and MaxEnt is expected to convey their status to players in the meantime. In addition to Slotty Vegas, MaxEnt also operates BetAt and VulkanBet, but the latter isn't active in the UK.
MaxEnt has stated its intention to appeal against the decision.