Sports betting firm Swifty Global has confirmed its acquisition of Goldchip, a UK-focused betting firm which recently landed in hot water with the UK Gambling Commission (UKGC).
Described by Swifty as a ‘particular compliance problem’, Goldchip’s licence was suspended by the UKGC last month after failure to meet licence conditions, as well as social responsibility and anti-money laundering shortcomings.
Despite this, the New York-based firm states that its acquisition of Goldchip’s assets ‘resolves this problem’, due to it holding its own UKGC betting and gaming licences, enabling its new holdings’ clients to migrate over immediately.
Swifty Global CEO, James Gibbons, commented: “Everyone is delighted about the acquisition and to have the Goldchip clients and team onboard.”
