St8.io Secures Isle of Man OGRA Software Supplier License

St8.io, a growing player in the online gaming industry, has achieved a significant milestone with the acquisition of the Isle of Man OGRA Software Supplier License. This license, granted by the Isle of Man Gambling Supervision Commission, will allow St8.io to extend its innovative gaming solutions to both B2B and B2C partners that are also licensed on the Isle of Man.

This achievement marks a strategic step in the company’s mission to strengthen its foothold in regulated gaming markets around the world. Vladimir Negine, Founder and CEO of St8.io, expressed the importance of this development, saying: “This is another important step in our mission to serve regulated markets worldwide. We’ve been really impressed by the robust licensing process of the Isle of Man Gambling Supervision Commission, which allows us to deliver innovative technology in a manner that protects both our partners and the end user.”

Negine highlighted how the Isle of Man’s reputable licensing process aligns with St8.io’s commitment to responsible gaming. He added that obtaining this license will be instrumental in the company’s continued expansion into regulated markets, where the Isle of Man’s global reputation will serve as an important endorsement.

The Isle of Man has long been recognized as a reputable hub for digital and gaming industries, and St8.io’s decision to expand its operations there reflects this status. Lyle Wraxall, Chief Executive at Digital Isle of Man, congratulated St8.io on their accomplishment: “I would like to congratulate St8 for gaining their Isle of Man Software Supplier Licence and look forward to them joining the thriving business community. St8’s decision to expand its operations here reinforces the Isle of Man’s position as a leading hub for the digital and gaming industries.”

This move is another indication of the company’s commitment to global growth, following its recent regulatory achievements, including the recognition notice granted by the Malta Gaming Authority (MGA) earlier this year. St8.io continues to build a strong foundation for future expansion into additional regulated markets, offering its services to operators across various regions with a proven commitment to maintaining regulatory standards.

Amber Gaming, a consultancy firm that assisted in the licensing process, also praised St8.io’s achievement. Jade Zorab, Managing Director of Amber Gaming, remarked: “We are thrilled to congratulate our valued partner St8 on securing their license with the support of our advisory services.” The company’s successful licensing is a testament to the collective effort that St8.io has made to navigate the intricate process of regulatory approval.

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St8.io’s success in acquiring the Isle of Man license comes on the heels of several notable partnerships that further enhance its product offerings. In 2023, St8.io partnered with TVBET, a leading provider of live dealer games and lotteries. This collaboration enabled online casinos using St8.io’s platform to access popular TVBET titles such as Keno, Teen Patti, WheelBet, PokerBet, and Andar Bahar.

Additionally, in 2024, St8.io secured a significant partnership with Playtech, one of the largest global suppliers of online casino software and content. This partnership further solidified St8.io’s position in the market, enabling the company to offer Playtech’s extensive suite of live dealer games to its growing roster of clients. These strategic alliances allow St8.io to cater to the increasing demand for live casino content and provide a seamless gaming experience for operators and players alike.

Source:

“St8.io granted Isle of Man licence“, St8.io, September 11, 2024.