Mybet gains UK licence

The granting of the licence follows the implementation of the PoC regime, which requires all companies offering and promoting remote gambling services to UK players to acquire a permit.

Mybet has also been boosted by its capital increasing on a ratio of 10:1.

CEO Sven Ivo Brinck said: “Despite the initially difficult market environment, Mybet succeeded in winning the support of almost all existing strategic investors along with many new ones. Although the target volume was not achieved in full, the goals for securing the licence have nevertheless been met.”

Mybet Holding SE’s capital stock will rise from €24.2m to €25.5m as a result of the capital increase, while it will also hold gross issuing proceeds of approximately €1.86m.

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David Cook served as an editor and writer for Gambling Insider from 2018 to 2020, where he played a central role in shaping the publication’s editorial direction. He oversaw the creation and implementation of the broader editorial strategy for Gambling Insider and its related publications, managing the production of 30 print magazines annually while also contributing to the management of GamblingInsider.com and a weekly digital newsletter.

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