lobal Daily Fantasy Sports Inc. is pleased to announce that it has cleared all compliance requirements by the Malta Gaming Authority (MGA) and has been awarded a “B2B Controlled Skill Games Supply License” by the MGA.
This license, which is valid for five years, will be used by Global to supply its Daily Fantasy Sports (DFS) product and platform to licensed operators in all other markets that don’t require a specific license. Darcy Krogh, Global’s CEO comments, “The MGA always showed a belief in the potential expansion of DFS in Europe.
The granting of the license confirms that the Company made the right choice when choosing Malta as its European base for its client facing and licensing operations. "This license is pivotal for Global, enabling us to expand our presence into additional markets and launch our dotcom network. It also allows us to offer our product and platform to a wider group of operators,” concludes Krogh.
The worldwide online gross gaming revenue is projected to reach 44.1B euro in 2018 and sports betting represents approximately 50% of that revenue. In addition, Europe as a jurisdiction represents approximately 53% of this business.