The UK Gambling Commission has suspended the license of Gibraltar-based online gaming operator Nektan, whose UK-facing brands include Jackpot Mobile Casino and Cloud Casino, due to a breach of licensing conditions relating to section 118(2) of the Gambling Act 2005.
The Commission is currently carrying out a section 116 review into the operator and as part of that investigation has come to the conclusion that it must immediately suspend the operator’s license.
In a press release on the Gambling Commission website the regulator stated:
Nektan (Gibraltar) Limited has breached conditions of its licence, that it is unsuitable to carry on the licensed activities, and that the licensed activities are being or have been carried on in a manner which is inconsistent with the licensing objectives. We therefore consider it appropriate to suspend the licence with immediate effect pending the conclusion of the review or until such time as the operator can satisfy the Commission it is operating compliantly.
The license suspension took effect on April 27th making it illegal for the operator to offer any gambling services through its websites.
The regulator also added:
We have made it clear to the operator that it must communicate effectively with its customers and that the suspension does not prevent it paying out winnings.
In 2020, Nektan went into administration before the UK b2C branch of the business was sold to Grace Media, part of the Active Win Group. The B2B arm of the business was sold to Real Time Strategic Marketing Limited who rebranded Nektan as Makor Technology.
It’s unclear whether the company’s administration and subsequent sale are related to the suspension in any way.
Based in London, Natasha is a former sports journalist with experience working for some of the biggest athletes & brands in the world of sports and iGaming.