Crash innovator vows to be up and running again soon
The UK Gambling Commission has suspended the operating license of Spribe OÜ as it carries out a review under section 118(2) of the Gambling Act 2005 (the Act).
The suspension of the software license was necessary on grounds of suitability, due to serious non-compliance with the hosting requirements of the licensing framework.
A spokesperson said: “We have clearly communicated to the operator that all hosting activity must stop immediately unless and until a suitable hosting license is obtained. Under Section 33 of the Gambling Act 2005, it is a criminal offense to provide facilities for gambling in Great Britain without a license from the Gambling Commission, unless a specific exemption applies. The Gambling Commission takes a robust approach to unlicensed gambling activity and always expects the highest standards of compliance and integrity from its licensees. We expect the Licensee to promptly notify any parties impacted by service disruptions and to ensure that all operations are halted in line with the conditions of their operating license until further notice.”
The suspension takes place immediately.
Spibe said: “This is a technical licensing gap that was not identified during the original application process in 2020. Spribe is now preparing an application to vary our existing licence to add remote casino game host activities.
“We are working urgently to ensure this application is submitted as soon as possible and that all technical and regulatory requirements are fully met. We hope the Commission will be able to approve the application promptly and that we can recommence operations in the UK market as soon as possible.”
As a company we remain fully committed to compliance, transparency and maintaining the highest standards of software integrity across all markets in which we operate,” Spribe’s statement concluded.
“Throughout our five years of operation in the British market, Spribe has consistently complied with all regulatory requirements under our gambling software licence.
“We note that the suspension does not affect players’ ability to access their accounts or withdraw funds, and we are not aware of any harm to consumers as a result of the gap in our British licensing position.”
The post UK Gambling Commission suspends Spribe’s licence appeared first on G3 Newswire.
Crash innovator vows to be up and running again soon The UK Gambling Commission has suspended the operating license of Spribe OÜ as it carries out a review under section 118(2) of the Gambling Act 2005 (the Act). The suspension of the software license was necessary on grounds of suitability, due to serious non-compliance with…
The post UK Gambling Commission suspends Spribe’s licence appeared first on G3 Newswire.