Gibraltar-based sports betting software solutions, management services and iGaming platform world-leading developer SBTech has announced that has secured a full Class 4 Remote Gaming License by the Gaming Authority in Malta. The newly-issued MGA Class 4 license is added to the company’s already existing gambling software and technology authorisation that was granted to SBTech by the UK Gambling Commission in March 2015.
The Chief Executive Officer of SBTech Richard Carter shared how pleased he was for getting the Class 4 license. He confirmed of the news, saying that the company had managed to meet all the requirements which was why the license had been issued. He praised the professionalism and great efficiency of both the Gibraltar-based company’s legal theme and the team of the Maltese Gaming Authority.
According to Mr. Carter’s statement, the Gibraltar-based company was aimed to consolidate its presence as a market leader in providing sportsbook services to operators in other regulated markets. The company’s Chief Executive Officer confirmed that the bookmaker was to use the Remote Gaming License granted by the Malta Gaming Authority in order to become even more successful.
Mr. Carter also said that SBTech expected additional contracts to be inked with a number of Maltese licensed operators, apart from its already existing customers such as NetBet and ComeOn.
The Maltese license granted to the operator is quite advantageous to SBTech, as it adds to its constantly increasing portfolio of European licenses at a time when the company is still focused on expanding its operations in Europe and worldwide.
The company explained in a press release that getting the license was one of the paramount features of its strategy to further expand and consolidate its presence on regulated markets.
On the other hand, the Executive Chairman of the Maltese Gaming Authority Joseph Cuschieri explained that the entire team of the MGA had been pleased to work in collaboration with the Gibraltar-based company during the Class 4 Remote Gaming License granting process.
He also expressed the Gambling Authority’s pride of the fact that both its technical and regulatory standards were among the most strict ones in the gaming industry worldwide. Mr. Cuschieri said that the bookmaker had demonstrated diligence and had been very cooperative in providing the Maltese Gambling Authority with the necessary information over the licensing process.