Liechtenstein-based Media Stream AG, the tech company behind GlobalBet, has once again secured the much coveted license from the UK Gambling Commission.
This significant achievement reaffirms the company’s commitment to providing a safe and regulated gaming experience for its B2B customers.
The UK Gambling Commission (UKGC) is known for its strict monitoring and regulation of the online gambling industry, making this license one of the most respected and sought after in the industry.
Regulatory bodies such as the UKGC play a key role in ensuring the integrity and impartiality of the gambling industry.
These bodies are responsible for overseeing and regulating gambling licenses, setting industry standards and protecting the interests of gamblers.
The UK Gambling Commission sets strict guidelines and maintains a robust compliance framework to ensure operators meet the highest standards of player protection.
Its rigorous annual audits hold operators accountable for compliance with regulations, promoting transparency and responsible gaming practices.
In cases of non-compliance, the commission has the authority to impose substantial fines and penalties, including the revocation of licenses, demonstrating its unwavering commitment to maintaining the integrity of the industry.
GlobalBet, the flagship product of Media Stream AG, has consolidated its position as a leading provider of end-to-end technology solutions for gaming operators since its inception in 2004.
With a customer base of over 250 international gaming operators, including renowned industry giants such as Novomatic, Entain (formerly GVC) and Flutter, GlobalBet offers a wide range of in-house developed solutions that span the entire spectrum of the betting business. .
From the leading virtual gaming software to a complete state-of-the-art platform and bookmaker offerings, GlobalBet started its journey two decades ago with traditional lottery and scratch card solutions, as well as physical terminals for betting shops and kiosks.
The gaming pioneer ensures a seamless, immersive experience for today’s gamers.
Daniel Grabher, the visionary founder of Media Stream and its renowned GlobalBet brand, expressed his delight at the license renewal, highlighting the advantages of the company’s location in Liechtenstein.
He emphasised: “Receiving the UK Gambling Commission’s prestigious license since 2016 for our gaming software solutions is a significant milestone for our company. It underscores our unwavering dedication to delivering quality, security and customer satisfaction internationally.”
“The headquarters in Liechtenstein also gives us the advantage of a world-class business environment and a solid regulatory infrastructure. This allows us to extend our innovative technology and world-class service globally.”
Strict oversight and enforcement actions undertaken by regulatory bodies such as the UK Gambling Commission are crucial to maintaining public confidence in the gambling industry.
By upholding strict regulations and imposing penalties for non-compliance, these bodies ensure that operators prioritize the well-being and safety of players, creating a safe and responsible gaming environment for all.
About GlobalBet
Founded in 2004, GlobalBet has become a market leader in gaming technology, providing cutting-edge solutions for the global gaming industry.
With offices in 5 countries, the company offers its gaming technology to over 200 B2B operators in over 50 countries, generating 10 million betting slips daily, totaling $1 billion in gross gaming revenue per year.
With a special focus on lottery and gaming entertainment solutions, GlobalBet serves the needs of regulated gaming operators and national lottery authorities, offering innovative and bespoke solutions that meet the highest standards of excellence and compliance.
GlobalBet is widely known in the industry for its award-winning product suite, which includes virtual gaming, betting shops and full platform solutions, as well as innovative lottery and entertainment offerings.