Business: RedKings receives EU license

Online poker room RedKings announced Tuesday that it has received an EU operator’s license. The license ensures that RedKings’ and its affiliates and advertisers may legally operate within the EU and U.K. and may not be targeted or blacklisted by national gambling monopolies.

Gibraltar authorities issued the license through a white-listing arrangement brokered by RedKings’ network provider, Ongame. It is a significant step for the online poker room, which can now offer its European players tax-free winnings.

What’s more, a RedKings press release said, it will allow the poker room to draw in new players during next week’s European Poker Tour event in Copenhagen; Team RedKings will participate in the event and will advertise the new development to Danish players, many of whom, the company said, prefer licensed poker rooms.

“In just two years RedKings has achieved substantial growth,” a company representative said. “With this new poker license we anticipate a huge surge in business, particularly within Scandinavian countries and the U.K. We are proud to have achieved the exacting standards that are required for a license of this kind.”