The B2C Nektan business was licensed to operate remote bingo and casino at sites.
The Gambling Commission said it believed Nektan “has breached conditions of its licence”.
The regulator added that it suspected the business was “[…] unsuitable to carry on the licensed activities, and that the licensed activities are being or have been carried on in a manner which is inconsistent with the licensing objectives”.
As a result, the regulator is currently conducting a review into the licence, which will be suspended until the review’s conclusion or “until such time as the operator can satisfy the Commission it is operating compliantly”.
“We have made it clear to the operator that it must communicate effectively with its customers and that the suspension does not prevent it paying out winnings,” the regulator added.
In 2020, the original Nektan business went into administration, with the UK B2C arm sold to Grace Media, part of the Active Win Group. The Gambling Commission did not reveal whether the events that led to the licence suspension occurred under the old or new ownership.
Its B2B arm, meanwhile, was sold to Real Time Strategic Marketing Limited and rebranded as Markor Technology.