Jersey-based Twelve40 Limited is the first operator to be granted a remote gambling operator’s Licence by the Jersey Gambling Commission.
The company is a software platform provider to small and medium sized lotteries across the globe.
The licence allows Twelve40 to base its systems in Jersey and licence its software to customers around the world.
Jason Lane, Chief Executive of the Jersey Gambling Commission said: “The change in the licensing system in the UK has seen renewed interest in Jersey as a venue for online gambling, and we are delighted to have been able to grant this licence to Twelve40.”
The company had to meet strict criteria set by the commission and must continue to comply with the conditions of its licence as long as it operates from Jersey.
The conditions include guaranteeing a robust, reliable and fair service, ensuring it manages problem gambling and adhering to the strict rules relating to age verification and levels of play to ensure responsible operation, and the safeguards necessary to protect children and vulnerable people.
Twelve40 Director Steve Hickson said: “We are delighted to be able to operate our platform from Jersey. The licencing procedure here and the due diligence carried out during that process, along with the ongoing requirements for compliance are modelled upon and extremely similar to those top-tier countries around the world that carry gambling regulations. So we are confident that our product will be well received on the global stage.”
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