St8.io Receives Isle of Man Licence to Boost B2B and B2C Offerings

In an important step for its global expansion, St8.io has successfully acquired an Isle of Man OGRA Software Supplier Licence. This license, granted by the Isle of Man Gambling Supervision Commission (GSC), empowers St8.io to deliver its gaming technology to licensed B2B and B2C partners in the Isle of Man. This achievement strengthens St8.io’s foothold in regulated markets and reflects its ongoing effort to ensure a compliant, secure, and innovative gaming environment for its partners and users.

Expanding Global Reach with a Key Licence

The Isle of Man is known for its strict regulatory standards in the gambling industry, and obtaining this license is a significant milestone for St8.io. With this new certification, the company can now offer its advanced technology to other Isle of Man-licensed partners, both B2B and B2C. The license also allows St8.io to position itself as a trusted provider in a competitive and highly regulated global gaming market.

The Isle of Man Gambling Supervision Commission is regarded as one of the most robust regulators in the world. By earning this license, St8.io enhances its credibility and further strengthens its ability to deliver products that adhere to the highest standards of safety and integrity.

Vladimir Negine, Founder and CEO of St8.io, expressed his satisfaction with the approval process and emphasized its importance: “This is another important step in our mission to serve regulated markets worldwide.”

Negine also praised the GSC's rigorous approach to the licensing process, highlighting its role in safeguarding both partners and end users: “We’ve been really impressed by the robust licensing process of the Isle of Man Gambling Supervision Commission, which allows us to deliver innovative technology in a manner that protects both our partners and the end user.”

The acquisition of the Isle of Man licence comes at a critical time as St8.io continues to expand its presence in regulated markets. The Isle of Man is a significant jurisdiction for the digital gaming industry, known for its fair and secure licensing process. With this licence, St8.io can offer its solutions to an even broader range of operators, enhancing its competitive edge. The official gov. site can be found here.

Negine further underscored the strategic value of the licence in helping St8.io build its reputation in key regulated markets. “As we expand our presence into more regulated markets, the proven reputation that comes with an IoM licence will serve us well,” he added.

Lyle Wraxall, Chief Executive at Digital Isle of Man, also congratulated St8.io on securing the licence, remarking on the significance of this achievement: “I would like to congratulate St8 for gaining their Isle of Man Software Supplier Licence and look forward to them joining the thriving business community.”

Wraxall also pointed out that St8.io’s decision to expand its operations in the Isle of Man reinforces the jurisdiction’s standing as a key hub for the digital and gaming industries.

A Collaborative Success with Amber Gaming

Facilitating the licensing process was Amber Gaming, a consulting firm that specializes in regulatory and compliance services for the gaming industry. Amber Gaming played an instrumental role in helping St8.io secure the Isle of Man licence, offering expert advisory services throughout the process.

Jade Zorab, Managing Director at Amber Gaming, shared her enthusiasm for St8.io’s success:“We are thrilled to congratulate our valued partner St8 on securing their licence with the support of our advisory services.”

Amber Gaming’s involvement ensured that St8.io met all the necessary requirements for the Isle of Man’s stringent licensing process. The company’s ability to navigate these regulations further highlights its commitment to compliance and operational excellence.

The Isle of Man licence is the latest in a series of regulatory achievements for St8.io. Earlier this year, the company was granted a recognition notice from the Malta Gaming Authority (MGA), further extending its reach in Europe’s highly regulated markets. This series of accomplishments positions St8.io as a major player in the international gaming industry, with a focus on providing high-quality, compliant, and innovative solutions to its partners.

These approvals reflect St8.io’s adherence to the highest regulatory standards and enable the company to expand its business operations in key markets. By securing licences in respected jurisdictions such as the Isle of Man and Malta, St8.io is laying a strong foundation for continued growth and success.

As the demand for safe and secure online gaming solutions continues to rise globally, St8.io’s strategic moves to secure licences in key markets are expected to drive future success.

Source:

''St8.io secures Isle of Man OGRA Software Supplier Licence'', gamblinginsider.com, September 11, 2024.