Last month the Gambling Commission suspended the remote gambling licenses of Smart Live Gaming, pending a review of operations.
“The Commission has decided to commence a review because it suspects that Smart TV Broadcasting Limited (the Licensee) is unsuitable to carry on the licensed activities (section 120(1)(d) of the Act) and considers it appropriate to suspend the licences with immediate effect pending the conclusion of the review.”
Clearly the review didn’t go so well, as a week later Smart Live were instructed to surrender their licenses.
Smart TV Broadcasting Limited has surrendered its 000-002715-R-103240-011 Combined Remote Operating Licence and its 002715-N-104517-010 General Betting Standard Operating Licence. The associated 033743-R-315214-005 Gambling Software Licence has also been surrendered.
We have made it clear to Smart TV that the surrender of its licences does not prevent the settling of any outstanding winning bets and the return of customer balances. Smart TV has informed us that it is taking action to process payments to customers by means of bank transfer.
So no more bets for Smart Live.
The last word from the Gambling Commission (31 August) is a recommendation to customers to withdraw any funds still held at Smart Live.
Smart TV Broadcasting Limited has updated its website to include a withdrawal request form. We would urge any customers with outstanding balances to complete this form.
We also urge any customers to complete the form as soon as possible!
Meanwhile, the UK’s remaining live roulette for TV operator, (operators of SuperCasino) seems to be going from strength to strength.
Today they released their financials for the 6 months to 31 June 2016. Compared to the same period in 2015, revenue was up 15% to £14.7 million, EBITDA was up 31% £1.7 million and active depositing player numbers grew 3% to 65,200.
CEO Bjarke Larsen said of the result,
“There has been significant M&A activity in the industry, and the group, with its solid balance sheet, is well placed to pursue those opportunities that the board believes will be earnings enhancing.”
Wonder if NetPlay’s in the market for another studio? Unfortunately there’s one going cheap just down the road.