Yolo Group subsidiaries Hub88 Holdings and Live Online Gaming Services have been granted gaming-related vendor licenses from the United Arab Emirates’ General Commercial Gaming Regulatory Authority.
Online Gaming Services’ Live88 will be the first online live casino studio to be licensed in the UAE.
The news comes just over two weeks after Yolo Group confirmed plans to close its gray market online gambling brands, Sportsbet.io and Bitcasino.io, as it entered the final stages of securing the two UAE vendor licenses.
The licenses permit the group to supply business-to-business igaming content to the regulated market in the country. UAE is the first regulated jurisdiction in the Gulf Cooperation Council region, which Yolo Group has identified as a key target for its future strategy and expansion.
