UKGC Revokes Nektan’s Remote B2C Licence

The UK Gambling Commission (UKGC) has revoked mobile gaming company Nektan Plc’s remote B2C online gambling licences.

The Commission announced that it has opened a section 116 inquiry into Nektan, which will look into the “manner in which the operator carried its licensee practises” and whether the company violated its licence conditions and enforcement obligations.

The Commission claimed in its notice that the Nektan B2C suspension was imposed because it believed the company was unfit to continue with its approved operations, which was in line with the UKGC’s licencing objectives.

The UKGC informed: “The licence suspension, effective from 27 April 2021, makes it illegal for Nektan (Gibraltar) Limited to offer gambling services via its websites which are listed on the Commission’s public register.”

Failed investment

In April 2020, an embattled Nektan re-entered administration after being forced to re-appoint administrators after a failed investment round to protect its business units.

Prior to its insolvency, Nektan had agreed to sell its B2C properties to ActiveWin white label subsidiary Grace Media for £200,000, with Nektan agreeing to collect monthly payments in exchange.

Nektan was founded in 2011 as a mobile-first white label provider of online gambling services. As the company ran into financial problems at the start of 2020, it was forced to stop trading on the London Target market., Monster Casino, Jackpot Mobile, Kerching, and Spins Royale were among the company’s mobile casinos.

Real-Time Strategic Marketing Limited, based in Gibraltar, bought Nektan’s B2B division and renamed it Markor Technology.