Online sportsbook Lord of the Pot has been granted a B2C licence by the Isle of Man Gambling Supervision Commission.
Aimed at esports and sports fans, LOTP has entered the ‘final stages of preparation’ to launch its content via the necessary approval from the regulator. Furthermore, the sportsbook operator was supported during the licensing process by Amber Gaming to ensure that it was compliant with regulations.
A spokesperson at LOTP said: “The Isle of Man sets that standard when it comes to licensing online gambling organisations and with its understanding of the Asian market, it was the perfect fit for our business.
“Of course, we wanted to ensure we were working to its standards from the get-go and Amber Gaming has proved vital in helping us navigate the licensing process while also making sure that we not only meet but exceed these requirements.
“With our Isle of Man licence, we can now prepare to launch LOTP in the Asian markets we have identified as offering the greatest potential and with a product that we know is meeting the highest levels of safe gaming and responsible gambling.”
Prior to launch, LOTP will integrate live fantasy and pari-mutuel games from software provider Tokigames. Back-office functionality will be provided by Pragmatic Solutions while the operator’s affiliate programme will be run and managed by Affiliate Insider.
Following its launch, LOTP will primarily target players in Asian markets, offering markets for games such as Counter Strike: Global Offensive, Dota 2, and League of Legends, as well as traditional sports.
“We are delighted to have assisted LOTP in securing its B2C licence from the Isle of Man Gambling Supervision Commission, which sets the highest possible standards for operators to meet,” added Karen Yates, director and head of corporate governance at Amber Gaming.
“Just like the regulator, the Amber Gaming team is highly experienced in the Asian market and we know what operators need to do in order to meet and exceed the requirements set by the Commission, which in this instance has ensured that LOTP has secured its licence in a timely manner.
“LOTP has a strong foundation on which to build a successful business in Asia and we are honoured to have played a part in its journey to date.”