Carousel Group gets Malta's online sports betting, casino license

Carousel Group, the operator of SportsBetting.com, said Tuesday that it has received a B2C online sports betting and casino gaming license from the Malta Gaming Authority (MGA).

In September, SportsBetting.com launched in Colorado and expansion plans include four additional U.S. states by the end of 2021.

With the Malta license, SportsBetting.com will be well-positioned for potential favorable legislation in Canadian provinces such as Ontario and marketing spillover from its extensive advertising in the United States. Furthermore, the MGA license provides a tax-efficient structure for entering European markets in the future.

"Receiving our license from the MGA is a major achievement for our company and a catalyst for our future goals," Carousel Group CEO Daniel Graetzer said. "After two years of product development and building our team of more than 100 employees, SportsBetting.com is now live in the U.S. and we could not be more excited to compete. We have built a proprietary and hyper-personalized sportsbook that gives bettors the content they want, timely betting information and market-leading pricing and limits."

"We're thrilled about our U.S. expansion and we look forward to bringing SportsBetting.com to more markets," Graetzer added. "As our brands become household names in the gaming space, we will make a positive and everlasting impression on the global gaming community."