Canadian daily fantasy sports software supplier Global Daily Fantasy Sports Incorporated has announced that it has received a business-to-business controlled skill games supply license from the Malta Gaming Authority.
Vancouver-headquartered Global Daily Fantasy Sports Incorporated revealed that it now intends to use the five-year license to supply its daily fantasy sports platform and products to operators located in markets that do not require authorizations from a specific regulator.
“The Malta Gaming Authority always showed a belief in the potential expansion of daily fantasy sports in Europe,” read a Wednesday statement (pdf) from Darcy Krogh, Chief Executive Officer for Global Daily Fantasy Sports Incorporated, which moreover holds a license from the United Kingdom’s Gambling Commission regulator.
Global Daily Fantasy Sports Incorporated, which also has offices in Toronto and Malta, stated that online gambling is expected to bring in gross gaming revenues of around €44.1 billion ($54.4 billion) this year with about half of this set to come from sportsbetting. It declared that Europe alone is predicted to record combined iGaming takings for 2018 of approximately €23.7 billion ($29.2 billion) and that its new Malta license will help it to position itself prominently ‘in this key online gaming region’.
“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,” read the statement from Krogh. “This license is pivotal for Global Daily Fantasy Sports Incorporated, enabling us to expand our presence into additional markets and launch our dot-com network. It also allows us to offer our product and platform to a wider group of operators.”