Regulation / Licenses
Nektan (Gibraltar) Limited currently holds gambling operating licences in Gibraltar, UK & Ireland.
Nektan (Gibraltar) Limited holds a gambling operating license, the Gibraltar License Agreement, which allows the operation of a maximum of ten groups of games, including: (1) casino style table games; (2) card games; (3) slot machines; (4) video poker; (5) numbers-based games, including bingo and keno; (6) dice games; (7) poker; (8) skill and prediction games; and (9) scratch cards. The Gibraltar License Agreement covers all forms of remote gambling, including mobile and desktop.
Nektan successfully received approval for both a software and a gaming license for the UK market from the UK Gambling Commission in June 2014.
Nektan successfully gained approval for a remote betting intermediary license for the Irish market in July 2015 in accordance with new Irish market regulations, which came into, effect on 1 August 2015.
Nektan (Gibraltar) Limited complies with local anti-money laundering legislation and codes of practice, including:
- The Anti-Money Laundering Code for Gaming, which is specific to the Gibraltar gaming industry and deals with all aspects of anti-money laundering and prevention of terrorism obligations;
- The Remote Technical Standards Document, which offers detailed guidance on good industry practice for the Gibraltar remote gaming industry; and
- The Generic Code of Practice, which provides detailed interpretative guidance to the Nektan (Gibraltar) Limited.
Nektan (Gibraltar) Limited ensures all advertising, promotion and sponsoring activities are accurate, truthful, not designed to appeal to minors, and only directed at citizens within jurisdictions where Nektan (Gibraltar) Limited is authorised to operate. Additionally, Nektan (Gibraltar) Limited ensures no links to sites containing immoral or violent content or sites that are attractive to minors to ensure adherence under its licensing agreements.