Yolo Group Enters the Fresh UAE Market with Two Subsidiaries Securing Licenses

Yolo Group, a global IT and technology company serving the gaming, fintech, and blockchain sectors, announced that two of its subsidiaries have received licenses in the UAE. This comes as the Middle Eastern country continues to grow its gaming sector after warming up to the idea of regulated gaming.

Yolo Group Makes a Foray into the UAE

According to the announcement, Yolo Group’s Hub88 Holdings and Live Online Gaming Services have been granted gaming vendor licenses, allowing them to supply their cutting-edge products to local companies. The licenses were issued by the General Commercial Gaming Regulatory Authority (GCGRA), which regulates gaming activities in the country.

Thanks to the new licenses, Live Online Gaming Services’ Live88 brand will thus become the first online live casino studio to receive a UAE license.

Yolo Group emphasized that the UAE’s position as a pioneer in gaming in the Middle East makes it a very important market for its future strategy and growth. The group added that the new licenses are in line with its shift toward regulated markets only.

By launching in the UAE, Yolo Group will join the likes of Aristocrat, Light & Wonder, IGT, and NOVOMATIC, which have already secured local licenses.

A Statement of Yolo Group’s Intent

Yolo Group’s founder, Tim Heath, commented on the matter, calling Hub88 Holdings and Live Online Gaming Services’ UAE licenses a significant achievement for his team. He added that the licenses mark not only regulatory progress but also a “statement of intent.” Heath explained:

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.

Tim Heath, founder, Yolo Group

Yolo Group Parted Ways with 280 Workers

Last month, Yolo Group continued its shift toward regulated markets and the streamlining of its operations. However, these ongoing efforts necessitated a restructuring, which led to layoffs in Estonia.

According to the company, it had to part ways with some 280 workers in the country, citing its restructuring plan as the reason for the drastic changes.