Malta welcomes new licensees

Malta welcomes new licensees

Tuesday, August 11, 2015
Joseph Cuschieri has welcomed Bet365 and BetConstruct

Malta gaming chief Joseph Cuschieri believes the country’s “reputation” as an igaming hub helped it to attract Bet365 as a new licensee in the wake of controversy over a recent Italian police investigation.

The chairman of the Malta Gaming Authority (MGA) said he was “delighted” that online operator Bet365 had applied for a Class II Remote Gaming Licence and also established a Maltese marketing company.

Software development company BetConstruct has also this week been announced as a new licensee in the jurisdiction which was rocked last month when Malta-based BetUniq and Betsolutions4U saw their operations suspended after an Italian investigation into Mafia connections and money-laundering.

“The MGA is delighted to have bet365 included in its portfolio of licensees,” Cuschieri said. “The authority is committed to addressing the ongoing evolution of the industry as well as the challenges this brings along with it, with transparency, integrity and focus on consumer protection.

“The fact that Bet365 chose to include Malta as one of its licensing jurisdictions is testimony to our reputation and encourages us to keep raising the bar in innovation and thought leadership on gaming regulation.”

A Bet365 spokesperson said that it applied for the Maltese licence to run in tandem with its licences in Gibraltar “in order to obtain and maintain certain regulatory approvals as well as to support its operations in the evolving global regulatory environment”.

Meanwhile, BetConstruct believes that it will be in a better position to serve its clients after being granted a Class 4 Remote Gaming Licence for its sportsbook product.

Vahe Baloulian, chief executive of BetConstruct, said: "The MGA is one of the preferred global remote gaming regulators with focus on fair and transparent gaming. Being granted this licence once more validates BetConstruct’s standing in the gaming industry and our commitment to the highest standards of service.

“The licence from MGA will further enhance our ability to serve existing and future partners, including those wishing to operate under the white label arrangement.”

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