Malta License Provided to Canadian Daily Fantasy Sports

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Malta License Provided to Canadian Daily Fantasy Sports

Malta Gaming Authority is one of the most popular agencies for gaining licenses and regulation for gambling around the world. Many companies attempt to license through Malta, as well as have their seal displayed on their online casino web pages to show they are appropriately regulated.

Malta’s appeal has a lot to do with their tax structure, willingness to allow online gambling, and allowing the cryptocurrency industry to flourish. Now they are helping with Canada’s Global Daily Fantasy Sports. The company is offering daily fantasy sports software. It is also an incorporated company that will have its headquarters in Malta to maintain their new-found license.

The company is still going to have property in Vancouver, with the idea towards using their five-year license to reach more markets. In a statement the company CEO, Darcy Krogh stated the Malta Gaming Authority believes in their product and the expansion of the company, by helping to bring daily fantasy sports products to Europe. The Maltese license is just the beginning. They will also have a permit from the UK Gambling Commission to sell their software in the UK.

The company is already gaining plenty of revenue, which is set to increase with the new move. Their gross gaming revenue is $54.4 billion for the year, which is about 50 percent from sports betting. With the European market, they can expect to gain $29 billion for the year. They will also have a stronger foundation for gaming because of the European license from Malta.

The US Unwilling to Change

Georgia is not getting traction, unlike Canada with their daily fantasy sports option. The US has a tough time changing their gaming laws. New Jersey has been waiting for months for sports betting regulations to change. Georgia is attempting to get their bill for daily fantasy sports passed. For a second time, it looks like the officials who want the law to go through will be denied. Several southern states have also rejected changes. Luckily, for Canada, things seem to move a little faster.

The website for Global Daily Fantasy Sports is mobile, with a multi-faceted gateway that helps operators check out their product. They also partner with NYX digital gaming to help distribute their platform throughout the world. Some clients include Lottomatica, Sisal, and Microgaming. The move is going to gain the company a significant market share, which may help promote the concept of daily fantasy sports products, in other areas of North America.

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