BeyondPlay bags supplier licence from UK Gambling Commission
B2B gaming streaming start-up BeyondPlay has been granted a supplier licence by the UK Gambling Commission (UKGC).
The securing of a Remote Casino Host and Gambling Software Licence from the UK Gambling Commission follows the granting of a B2B Critical Supply Licence from the Malta Gaming Authority in December 2022.The UK licence marks a major milestone for BeyondPlay, which offers a portfolio of community-oriented products designed to turn solo game sessions into multiplayer entertainment experiences via shared streaming.
Further licence applications are underway for Ontario, Sweden and in various US states.
In response to the news, BeyondPlay founder and CEO Karolina Pelc wrote on LinkedIn: “Let’s get ourselves a UKGC licence, it can’t be that difficult! – said no one ever. This has been some time coming but we finally made it!”
She added: “This stamp of approval marks a momentous occasion, as BeyondPlay will introduce new and thrilling gaming experiences, offering unparalleled entertainment value and community play for real-money gaming operators in Great Britain.“Our multiplayer product boasts an array of features that exceed standard responsible gaming requirements.
“These features include low-stake and community-pooled betting, spectator mode and time-outs, which ensure that players can enjoy the product in a secure and enjoyable environment.”
In February 2023, LeoVegas Group divested its initial 25% shareholding in BeyondPlay to a group of strategic investors, including US VC firm Bettor Capital.
BeyondPlay had generated a 73% return for LeoVentures, the operator’s investment arm, in less than two years.
The transaction was part of BeyondPlay’s larger fundraising efforts, which have been completed, with further details to be announced in due course.
BeyondPlay has already partnered with four companies, including Casumo, ComeOn Group, LeoVegas and Soft2Bet, with additional plans to roll out solutions in Q2 and Q3 2023.