• Rival Gaming Leaves the UK Market

    01 August 2015

    Uk gaming market opt

    In the past couple of years, the United Kingdom has revamped how they handle the licensing and taxes for online gambling companies. This includes software companies that offer games to operators, and these new regulations have put a number of companies in a bind because of how difficult it is to stick to the guidelines that the UK requires for compliance. Rival Gaming is the latest in a number of companies who have decided to leave the market instead of sticking around.

    Why Did Rival Leave?

    There hasn't been any reason given by Rival Gaming as to why they've left the UK market, but there are a few pieces of the puzzle that might give us some insight. First, they don't have much of a problem operating in a lot of other parts of the world, including many regulated jurisdictions. Second, the UK licensing requirements have been known to be too difficult for some online casino software companies to work with in the past. This includes disclosing a lot of internal procedures and other information that some companies simply do not feel comfortable putting out there.

    The Effect of UK Regulatory Changes

    Both good and bad have come out of the major changes to the UK's licensing procedures. The bad is that a lot of smaller companies have been forced out of the market, and this includes companies that couldn't justify the expenses of the new tax structuring inside of the United Kingdom. The good is that what they define as black market activity has slowed to a crawl in the UK, and that's a very good thing for them.

    Something that hasn't probably been given enough credit is how reliable the UK Gambling Commission has been with enforcing their rules for online operators. As we saw with the 666Bet scandal, as soon as problems were confirmed with payouts and other issues, their license to operate in the United Kingdom was immediately pulled. This helps to protect the players, and it inspires a lot of confidence in the idea that these licenses and new regulations really mean something.

    This isn't to say that Rival Gaming is a bad company that couldn't hang. There are other tax increases and other operating costs that are most likely what pushed them out of the market as a whole.

    Related News

    • 15 February 2019

      Evolution Gaming Signs New Jersey Deal With DraftKings

      Any new deal that adds games to what's available in any of the US states that allow online gambling will be important because the market is still pretty fresh. More live dealer games are coming soon from Evolution Gaming as the result of a recent deal that has them partnering up with DraftKings in New Jersey. DraftKings Expands Into Sports Betting DraftKings, generally known for their fantasy sports product in eight countries, launched a sportsbook in New Jersey back in August.

      Read full article
    • 11 February 2019

      Online Casino Wazamba's Upcoming Launch Announced

      New online casinos are always exciting to hear about for players, and now there's another name to get excited about. This comes with the announcement of the launch of the online casino Wazamba, and they're looking like they could have quite a bit to offer players when it comes to software and game selection. A Wide Variety of Titles to Choose From

      Read full article
    • 08 February 2019

      iSoftBet Debuts New 'In-Game' Gamification Tool and Platform

      iSoftBet is known primarily for their high-end online slots and the fact that they have games at a ton of solid online casinos thanks to their distribution deal with the Microgaming Quickfire platform. However, they also have their own software called the GAP or Gaming Aggregation Platform, and they've added a tool to that platform that will allow for a high level of customizable experiences by operators. Introducing 'In-Game'

      Read full article