LOTP obtains B2C licence for Isle of Man expansion
Lord of the Pot (LOTP), the popular online sportsbook, has announced that it has acquired a B2C licence from the Isle of Man Gambling Supervision Commission. This licence will allow for the sportsbook’s content (all of which is aimed towards esports and sports fans) to be accessible to anyone within that region.
But before the official launch in the territory, the sportsbook will be integrating various games from Tokigames into its suite, which includes live fantasy and pari-mutuel titles. In the meantime, LOTP’s back-office is set to be backed up by Pragmatic Solutions, and Affiliate Insider will be taking over its affiliate program.
Thanks to this new B2C licence, LOTP will be aiming for the vast Asian markets as an offshore operator. The sportsbook has also joined forces with Amber Gaming, who has a long history and lots of experience in these iGaming markets, in order to make sure that they stay cooperative.
A LOTP spokesperson said this of the news:
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.
This move is definitely a wise one and will allow LOTP to extend its global footprint, starting off from the Isle of Man then leading to Asia.