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Ascend Entertainment N.V.

Gaming OperatorRegistered March 27, 2024
1
Applications
4
Domains
11
Related Entities
0
Locations

OGL/2024/1467/0728

Granted
Submitted: October 28, 2024End Date: December 16, 2024

Customer

Contact
George Van Zinnicq Bergmann
Email
ascendentertainmentnv@igamingcompliance.com
Company
Ascend Entertainment N.V.

Review Timeline

Due Diligence
TATemporary Account (Temp)
Due Diligence
STSarah Tua (ST)
Due Diligence
KMKevin Mallia (KM)
Suitability
HSHilary Stewart Jones (HSJ)
Suitability
AFAsha Fitzgerald (ASHF)
Approval
CPCedric Pietersz (Managing Director GCB)
Conditionally Issued
CPCedric Pietersz (Managing Director GCB)
Conditionally Issued
GCGerald Chocolaad (CGA User 25)
Fully Issued
GCGerald Chocolaad (CGA User 25)

Compliance Checklists

Application Due Diligence ReviewCritical12 items
Corporate StructureMiscellaneousHighDue Oct 8, 2025

The corporate structure is unsigned and undated. Kindly resubmit duly signed by the director of the company.

<p>The corporate structure is unsigned and undated. Kindly resubmit duly signed by the director of the company.<br></p>

10/01/2025: Applicant`s reply: "Attached". 10/01/2025: Signed and dated document has been uploaded accordingly by the applicant for review. 10/01/2025: Account Manager: GC.
Share Ledger CertificationShare LedgerLowDue Oct 8, 2025

The share ledger of the applicant company submitted, is uncertified. Kindly resubmit duly certified.

<p>The share ledger of the applicant company submitted, is uncertified. Kindly resubmit duly certified.<br></p>

Director's Register CertificationDirector's ListLowDue Oct 31, 2025

The director's register submitted is uncertified. Kindly resubmit duly certified.

<p>The director's register submitted is uncertified. Kindly resubmit duly certified.<br></p>

10/30/2025: Applicant`s reply: Attached 10/30/2025: Certified DR has been resubmitted for review.
Business PlanBusiness PlanCriticalDue Oct 31, 2025

The Business Plan lacks information and criteria listed in the guidelines on the application portal. It does not include a management structure, nor does it detail the business risk rationale, allocated responsibilities, controls, provision of information about payment gateways, contractual and financial model with key suppliers. Kindly review the guidelines on the portal, revise the business plan and resubmit.

<p>The Business Plan lacks information and criteria listed in the guidelines on the application portal. It does not include a management structure, nor does it detail the business risk rationale, allocated responsibilities, controls, provision of information about payment gateways, contractual and financial model with key suppliers. Kindly review the guidelines on the portal, revise the business plan and resubmit.<br></p>

10/30/2025: Applicant`s reply: Attached 10/30/2025: Revised BP has been uploaded for review.
GamesMiscellaneousCriticalDue Oct 31, 2025

Please advise if the Crypto Games are propriety of the company. If so please upload game certificates

<p>Please advise if the Crypto Games are propriety of the company. If so please upload game certificates</p><p>10/15/2025: Dear applicant, according to your previous correspondence you stated that Ascend Entertainment is a newly established company and that no games had been implemented at that time. Kindly confirm if this is still the case.</p><p><br></p><p>If games have since been developed or implemented, please advise accordingly and upload the corresponding game certificates.</p>

10/15/2025: Applicant`s reply: "Please note that Ascend Entertainment is a new company that is now starting up, there are no games as of yet." 10/15/2025: Dear applicant, according to your previous correspondence you stated that Ascend Entertainment is a newly established company and that no games had been implemented at that time. Kindly confirm if this is still the case. If games have since been developed or implemented, please advise accordingly and upload the corresponding game certificates. 10/15/2025: GC. 10/30/2025: Applicant1s reply: The crypto casino is not operational yet. Thus, the situation is the same, no game has been implemented yet.
DomainsQuestionCriticalDue Oct 31, 2025

Domains in application relate to another entity owned by UBO.. Please confirm names of domains which will operate under this license.

Domains in application relate to another entity owned by UBO.. Please confirm names of domains which will operate under this license.

10/15/2025: Applicant`s reply: "WWW.JONBET.IO"
QPA/2024/00963 - Nicholas Beugg - SOWSource of WealthCriticalDue Nov 15, 2025

SOW is not valid. Please submit a SOW along with certified supporting evidence in order to support the business.

<p>SOW is not valid. Please submit a SOW along with certified supporting evidence in order to support the business. Please update this in the base if you cannot access this in the base upload in the extra section.</p><p>10/15/2025: This serves as a reminder that the submitted SOW does not meet the applicable requirements. You are hereby requested to submit a revised and certified SOW together with certified supporting evidence demonstrating the nature and scope of the business activities.</p><p data-start="379" data-end="507">If you are unable to update this document in the Base section, kindly upload it under the Extra Documentation section instead.</p><p data-start="509" data-end="685">Please note that failure to provide a certified SOW and the required supporting documentation may result in delays in the assessment of your application or rejection thereof.</p><p data-start="509" data-end="685">11/07/2025: Final reminder — the latest submission of the SOW is not valid. Please resubmit a valid and updated SOW, including recent certified supporting documents demonstrating how the business is funded, not older than 6 months. Important notice: the last day to submit all documents is November 15, 2025. Submission after this date will not be reviewed and may impact the assessment of your application.</p><p data-start="509" data-end="685"><br></p>

10/15/2025: This serves as a reminder that the submitted SOW does not meet the applicable requirements. You are hereby requested to submit a revised and certified SOW together with certified supporting evidence demonstrating the nature and scope of the business activities. If you are unable to update this document in the Base section, kindly upload it under the Extra Documentation section instead. Uploaded in the extra Please note that failure to provide a certified SOW and the required supporting documentation may result in delays in the assessment of your application or rejection thereof. 10/15/2025: GC. 10/30/2025: Applicant`s reply: Nicholas Beugg’s wealth originates mainly from his entrepreneurial ventures and investment activities. After starting his investment journey in 2015 by trading U.S. and international equities, his most significant wealth generation came in 2018 when he co-founded Black & White Group (“Blaze”), an online gaming company operating in Brazil. Blaze quickly became one of the fastest-growing online gaming platforms in the country, driving substantial financial success for Beugg. The rapid expansion and profitability of Black & White Group/Blaze form the core of his wealth, complemented by his earlier and ongoing investments in U.S. equities through accounts with firms such as Charles Schwab and Oppenheimer. Attached you will find the supporting and certified documents.
QPA/2024/00965 - Nick Van Gorsel - SOWSource of WealthCriticalDue Nov 15, 2025

SOW is not valid. Please submit a SOW along with certified supporting evidence in order to support the business.

<p>SOW is not valid. Please submit a SOW along with certified supporting evidence in order to support the business. Please update this in the base if you cannot access this in the base upload in the extra section.</p><p>10/15/2025: This serves as a reminder that the submitted SOW does not meet the applicable requirements. You are hereby requested to submit a revised and certified SOW together with certified supporting evidence demonstrating the nature and scope of the business activities.</p> <p data-start="379" data-end="507">If you are unable to update this document in the Base section, kindly upload it under the Extra Documentation section instead.</p> <p data-start="509" data-end="685">Please note that failure to provide a certified SOW and the required supporting documentation may result in delays in the assessment of your application or rejection thereof.</p><p data-start="509" data-end="685">11/07/2025: Final reminder — the latest submission of the SOW is not valid. Please resubmit a valid and updated SOW, including recent certified supporting documents demonstrating how the business is funded, not older than 6 months. Important notice: the last day to submit all documents is November 15, 2025. Submission after this date will not be reviewed and may impact the assessment of your application.</p><p><br></p>

10/15/2025: This serves as a reminder that the submitted SOW does not meet the applicable requirements. You are hereby requested to submit a revised and certified SOW together with certified supporting evidence demonstrating the nature and scope of the business activities. If you are unable to update this document in the Base section, kindly upload it under the Extra Documentation section instead. Please note that failure to provide a certified SOW and the required supporting documentation may result in delays in the assessment of your application or rejection thereof. 10/15/2025: GC. 10/30/2025: Applicant`s reply: Nick Van Gorsel’s wealth originates mainly from his entrepreneurial ventures and investment activities and his ownership in Black & White Group, the parent company of Blaze, an online gaming platform operating in Brazil. He co-founded the company in 2018, and its rapid growth made it one of the fastest-growing gaming firms in the country. The success of Blaze generated approximately $400 million of his total $403 million net worth, with the remainder held in investment and bank accounts in the Netherlands. Attached you will find certified and supporting documentation
Clarification - DomainsMiscellaneousCriticalDue Oct 31, 2025

Clarification - Domains Registered Under Ascend

10/15/2025: We noticed that three domains have been registered in the portal under Ascend, while you previously confirmed that www.jonbet.io is the only domain associated with Ascend. In case jonbet.io is indeed the only domain linked to Ascend, please remove the other two domains under Ascend. Please be advised that we have noticed that jonbet.io is currently active and displays the green seal under the entity Prolific Trade N.V... Please clarify.

10/30/2025: Applicant`s reply: The jonbet URL's are under Ascend and will be removed from under Prolific
Statutory DocumentsMiscellaneousCriticalDue Oct 31, 2025

Confirm whether the submitted Company Structure dated October 23, 2024, is the most recent version on file.

Please confirm whether the submitted Company Structure dated October 23, 2024, is the most recent version on file. If this is not the case, kindly submit the most recent Company Structure at your earliest convenience.

10/30/2025: Applicant`s reply: attached
QPA/2025/03586 - Miruna Mihailescu - PHDFMiscellaneousCriticalDue Dec 3, 2025

PHDF not digitally signed . Please reupload.

PHDF is not digitally signed. Please re-upload.

11/26/2025: Applicant's reply: Please note that the PHDF is signed on page 9 digitally
QPA/2025/03586 - Miruna Mihailescu - Proof of addressProof of AddressCriticalDue Dec 3, 2025

Kindly note that the proof of address is not valid. We would require an actual utility bill that clearly displays the address.

Kindly note that the proof of address is not valid. We would require an actual utility bill that clearly displays the address.

11/26/2025: Applicant's reply: the address is displayed clearly on the first page of the utility bill as "THE GABLES, BLK C, FL 3, TRIQ PISCOPO MACEDONIA, SAN PAWL IL-BAHAR SPB 1500" Please indicate what else is required.