Online Gambling Developer Betsoft License Suspended

Published Tuesday, July 08, 2014 -
Online Gambling Developer Betsoft License Suspended

The online gambling regulators of the world do their level best to maintain fairness and adherence to the established rules. Every so often an online betting firm does something that upsets the apple cart and they are reprimanded or their license is revoked. The software developer from the Neterlands Betsoft Gaming has gaming regulators in Alderney up in arms over an undisclosed issue.  On July 3, the Alderney Gambling Control Commission issued a notice explaining it had ordered Betsoft’s parent firm Digitus Limited to suspend its online operations forth with, citing Regulation 91 of the Alderney eGambling Regulations 2009. The relevant statute allows the AGCC to suspend an operator’s license should the matter be serious enough or urgent to conclude immediate action.

Betsoft has been licensed by the Alderney Gambling Control Commission since 2012 and supplies its  software products to firms such as Boylesports and the new owners of PokerStars and Full Tilt, Amaya Gaming Group. A regulatory hearing into the matter is being set up to be established at a future date. Meanwhile the AGCC has ordered Betsoft to cease supplying its content to all AGCC Categories 1 and 2 eGambling licensees as well as Category 2 Associate Certificate holders. Betsoft announced a new content deal with sports betting solutions provider SBTech very recently.

While a cause for the suspension has not been disclosed and Betsoft has not commented on the actions of the regulator it is not the first time a 3D software company has run into trouble with the Alderney Gambling Control Commission. It was Sheriff Gaming, that had its Category 2 Associate Certificate suspended last September before having their license officially revoked in February.  Sheriff Gaming’s parent company, Bubble Group NV, went bankrupt not long after they lost their ability to sell their products. Regulators are there to protect the consumer and keep the online gambling industry fair, safe and secure.

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