E-gaming firm's campus 'halted' after license cancelled

Jade Tree Ltd and King Gaming were the two main casinos that were taking facilities of excel group to relaunch their services in the island with an $70M investment in the island the former that had its license suspended in the 2023 got its license fully cancelled by isle of man authorities

This comes as a shock as it would had developed the island while had made job opportunities for 1000's of people as well via the construction for the casino platform

 

[CR7]

It is indeed unfortunate news that Jade Tree Ltd had its license fully cancelled by the Isle of Man authorities. The revocation of the license not only affects the company but also has an impact on the island's economy and job market.

With a planned $70 million investment in the island, the relaunch of the casino services by Jade Tree Ltd and King Gaming could have brought significant economic development, created job opportunities, and boosted tourism in the region. The suspension and subsequent cancellation of the license have undoubtedly disrupted these plans and potential benefits.

It is crucial for both gaming firms and regulatory authorities to ensure compliance with all legal and regulatory requirements to maintain transparency and uphold the integrity of the industry. Moving forward, it will be important for stakeholders to assess the situation, address any outstanding issues, and potentially explore avenues for future collaboration that align with regulatory standards.

 

[Qwert135]

That is correct in my opinion actually it was far better that the things were actually clear from the start that could ha'e saved everyone form un-necessary confusion which is this resulted in great harm for both casino companies