Yolo Group Expands into UAE Market with Licenses for Two Subsidiaries
Yolo Group Ventures into the UAE Gaming Industry
Yolo Group, a prominent global technology firm specializing in gaming, fintech, and blockchain solutions, has announced a significant expansion into the United Arab Emirates. This move aligns with the UAE’s recent initiatives to support and regulate the gaming sector in the region.
Licensing Success for Hub88 Holdings and Live Online Gaming Services
The company’s subsidiaries, Hub88 Holdings and Live Online Gaming Services, have both been awarded official gaming vendor licenses by the General Commercial Gaming Regulatory Authority (GCGRA) in the UAE. These licenses authorize them to provide their innovative gaming products and services to local enterprises.
With this approval, Live Online Gaming Services’ Live88 brand stands out as the first licensed online live casino studio in the country, marking a notable milestone for the UAE’s gaming market.
The Importance of the UAE Market to Yolo Group’s Strategy
Yolo Group recognizes the UAE as a leading force in the Middle Eastern gaming landscape, representing a key growth opportunity. The recent licensing aligns with the company’s broader strategic shift toward focusing exclusively on regulated markets, reinforcing its commitment to compliance and sustainable development.
Entering the UAE market places Yolo Group among other major industry players such as Aristocrat, Light & Wonder, IGT, and NOVOMATIC, who have also obtained local operating licenses.
Leadership’s Perspective on the Expansion
Tim Heath, founder of Yolo Group, highlighted the licensing achievement as a milestone reflecting both regulatory progress and the company’s strategic vision. He emphasized the commitment to advancing gaming through trust, transparency, and innovation, applauding the UAE’s role in setting standards for modern regulated gaming environments.
Organizational Changes Amid Strategic Refocus
In pursuit of a streamlined operation focused on regulated markets, Yolo Group recently undertook a major restructuring effort. This process involved workforce reductions, including the separation of approximately 280 employees in Estonia, as part of the company’s strategic overhaul and operational efficiency goals.
