Evolution, a leading live casino developer, has confirmed that the UK Gambling Commission (UKGC) is investigating its Maltese holding company. The investigation concerns potential unlicensed gambling activity within the UK. A press release states that the UKGC is focusing on identifying operators offering gambling services without the necessary UKGC license. The company noted that the investigation could result in various outcomes. These may include no action, financial penalties, or the revocation of its license.
Martin Carlesund, CEO of Evolution, expressed that the company fully supports the objectives of the UKGC’s review. He emphasized their commitment to supporting the licensed UK market and preventing unlicensed traffic. Evolution is taking proactive steps to ensure its games are offered in the UK only through operators licensed by the UKGC. The company is utilizing all available technical tools to achieve this. Carlesund further stated that collaboration with regulators would help address shared concerns efficiently, leading to quicker and better outcomes. He reaffirmed Evolution’s commitment to maintaining an open and transparent relationship with its regulators.
In an interview with Bloomberg News, Carlesund avoided speculating on the risks or outcome of the investigation. He mentioned that the UK market represents about three percent of Evolution’s overall revenue, highlighting its importance to the company. Evolution remains focused on collaborating with the UKGC to resolve the issue while continuing to operate in compliance with regulatory standards in the UK.
