In early September EveryMatrix was subjected to an inspection by the UK regulator. Their White Label product was checked for compliance with regulations. The company’s license to provide this service was suspended during the inspection. EveryMatrix have now said they are leaving that market, but are staying in business in their B2B (business to business) division.
The CEO commented: We fully respect the UKGC’s decision to suspend our license and recognize their desire to significantly change the way they manage white label business in the future. We regret the impact the suspension has had on our loyal punters on our brands and on our longstanding white label partners in the UK, but this business can no longer be saved now. We are using this incredibly unfortunate event for good, as we can and intend to maintain EveryMatrix’s leadership role as a B2B supplier in the UK and around the world. This is an area in which our company has made tremendous growth over the past few years, and we will now focus on it even more.