Yolo Group has secured a foothold in the United Arab Emirates (UAE) after securing two gaming-related vendor licenses in the jurisdiction, including the first approvals as an aggregator and online live casino provider.
The licences from the General Commercial Gaming Regulatory Authority (GCGRA) enable Yolo to supply content aggregation platform services in the UAE via Hub88 and live casino services via Live88 and Onetouch,
The milestone approvals align with Yolo’s recent strategic pivot to regulated markets, with Live88 becoming the first online live casino studio to be licensed in the UAE with a new live dealer studio established in Abu Dhabi.
“Obtaining these licenses in the UAE is more than a regulatory achievement, it is a statement of intent,” said Yolo Group founder Tim Heath. “Yolo Group is committed to building the future of gaming on trust, transparency, and world-class innovation.
“The UAE is setting the stage for what modern, regulated gaming should look like, and we are proud to be part of that journey,”
Yolo continues to explore additional opportunities for expansion in regulated markets across the world.
Yolo Investments has also recently started the process to set up its Fund 3 in the Abu Dhabi Global Market (ADGM), with a €250 million fund focused on Fintech, Blockchain, Wellness and Gaming infrastructure.
“The UAE is the standout leader in the region embracing the new possibilities, whilst Bahrain was among the first to open its doors with crypto regulations, and Saudi Arabia is now seriously considering how to embrace and regulate the sector,” said Yolo Investments. “These shifts could set the stage for the GCC to become a bridge between East and West in gaming markets and cryptocurrency innovation.
“With strong financial hubs, a deep commitment to investment and technology, and regulatory frameworks that prioritise consumer protection, the region has every opportunity to lead the industry into an exciting new age.”