Online gambling operator Mansion Group has been issued a new UK gambling license.
Last September, word spread that Mansion was pulling out of the UK market as the UK Gambling Commission (UKGC) prepared to implement its new licensing regime, including the much-loathed 15% online point of consumption tax (POCT). Mansion quickly clarified that the withdrawal applied only to its poker vertical, and that it had applied for a new UKGC license.
On Monday, Mansion Europe Holdings Ltd. announced that it has received the UKGC’s seal of approval. Mansion Group CEO Sagi Lahav, who took over from Guy Gussarsky last month, called the new UK license “an important milestone in our strategy of acquiring gaming licenses in key markets.”
Lahav said Mansion “welcomed the additional security and transparency that this gives our players” despite the “additional challenges that regulation poses.” Last September, Mansion laid off a large number of staff at its Gibraltar HQ and shifted some of its operations to Bulgaria to prepare itself for the financial impact of the new POCT.