SBTech which is a sports betting software and platform provider has recently announced that it has secured itself a full Class 4 Malta Gaming Authority Remote Gaming License. It added that the license was an important feature for its long-term corporate strategy of increasing its firm’s operations in regulated markets. Earlier in March 2015 SBTech was granted the UKGC gambling software and technology authorization. Thus the Malta MGA Class 4 License is a recent plus to SBTech software. The CEO of SBTech, Richard Carter was delighted to secure a Malta Class 4 license.

He commented thanking the Maltese Gaming Authority and their in-house legal team for their efficiency and professionalism. He added that he was happy that they had fulfilled all their needs and they have been able to secure the much sought-after license. Richard Carter also stated that his software provider’s main objective was to strengthen its position as a market-leading provider of bespoke sportsbooks operators in various regulated markets. They will do this using the MGA Remote Gaming License that will act as a catalyst for great success. There is hope of making additional agreements with various other Maltese licensed operators.

Other deals that will soon be signed will include deals with Malta-based clients such as ComeOn and NetBet.  SBTech received a warm welcome to Malta licensed software providers by Joseph Cuschieri, who is the Executive Chairman of the MGA.  The Executive chairman declared that they were happy to work with SBTech team in granting the company’s Class 4 Remote Gaming License. He took pride that their regulatory and technical standards were quite demanding in the entire gaming industry. He was also happy that the company was quite diligent in providing thorough information in the process that they had in securing the license.

Having secured a Class 1 Romanian operator license from the regulator, Official National pentru Jocuri de Noroc (ONJN) for ten years, NetBet has definitely set its foot in Romania. The license comes after a provisional one that had earlier been issued by ONJN, the regulator.

What does this mean to the European sports betting operator? The sports betting operator will now operate specific Romanian subsidiary Cosmo Gaming Company, maintaining the operations and services of NetBet.ro. This is definitely a step further in fulfilling NetBet’s ambitious growth plan having previously announced their largest European Sponsrship with Steaua Bucuresti (Steaua Bucharest), which is Romania’s most known and most awarded football club from 6^th October 2015.

The sports betting operator is thus keen to offer a safe, transparent and responsible product to its customers in Romania and also at the same time remain as the most dynamic Romanian gaming site. The customers in Romania also look forward to safe and transparent services from the sports betting operator while at the same time have peace of mind for the ten years that NetBet will be present in Romania and possibly hope that the license would also be renewed after the ten years are over.

Latvia’s Lottery and Gambling Supervision Agency (IAUI) has reviewed various services. The European sports betting operator, Betsson which is listed among Stockholm has received recognition to offer online gambling services through the Triobet brand. The final decision offered by IAUI will oversee Betsson’s online resources taken away from Latvia’s online betting blacklist. The IAUI has stated that they would want to put more focus in Latvian gambling services through Triobet, which is a previous Nordic Gaming Group brand company that was obtained in 2012. It has managed to acquire a sturdy following in Eastern European gambling markets.

Latvia in Baltic state has acquired great status for having a tough set of anti-online betting laws and its fight against global operators. Blacklist which is an operator for Latvia has announced to have over 400 European operators. The IAUI has restricted various banking procedures and has limited payments to sites that are considered illegal. The various Betsson AB brands operate in various licensed European gambling markets of Malta, UK, Ireland, Italy, Georgia, Denmark and Estonia. The Betsson operators announced they were happy that their brands and services had been accepted by the IAUI. They also announced they were looking forward to entering the Latvian market under licensed situations.

UlrikBengtsson who is the Betsson President and CEO also commented on the issue and stated that when obsolete legal structures and outdated monopoles are destroyed, there is a likelihood that various favorable conditions for future profitable development will be created. He also stated that they were looking forward to increase the percentage of sustainable revenue by taking part in local licensing protocols at the same time developing strong companies in the local and restricted markets.

In the same note, Latvia based Technology Company; Evolution Gaming has brought about gaming Technology Company Pariplay limited. They have been allowed to run the video-streamed live dealer gaming products. There are various dealer versions of Roulette, Blackjack, Baccarat, and poker through the Pariplay’s Fusion content aggregator network where it hosts over 900 titles from various developers such as Microgaming and NetEnt and other 100 branded and various casino slots.

The agreement between the Malta Gaming Authority and the Microsoft Malta has been approved, this will see that the Customer relationship management system, (CRM) has finally been established, it has come to help in reducing the burden that comes with licensing formalities.  Microsoft will ensure the website being established will be safer and will ensure an even faster way of licensing for all Malta potential operators.  The website will enable all the Malta Gaming Authority users to follow up their license application requests from their website.

According to the MGA top officials, announced that Microsoft would be in charge of the Customer management system, this is so that the authority and the existing operators would change how they view their relations and their widespread products. MGA is supposed to join hands with Microsoft, and the CRM was supposed to present Malta as the overall leader in terms of control of the igaming and online gambling areas.  The Executive MGA Chairman, joseph Cuschieri had something to say about the partnership between MGA and Microsoft; he said that the signed agreement is a propelling force to aid in further development of the relationship between the two entities.

He also repeated a statement he had made last year, about the renovation and the studying of their activities; this was aimed at making their systems more active.  The creation of the CRM website is a stepping stone in changing the way activities are run in the companies, added the CEO. The MGA is the only gaming authority that provides the operators a pan- European online gaming license, thus they are determined to surpass the anticipations of their stake holders, business partners and customers.  He also explained that he hoped that with the signed contract, there would be advancement in technology and various provision systems.

With MGA Company being technologically radical and active, the addition of more advanced technologies will act as a boost to its profits. The CEO finally stated that the company needs to be more actively involved in order to cope with various challenges that may come up.

For most firms to start off their business, the main idea will involve applying for operational license. There is a number of betting authorities that awards these licenses but they usually differ from country to another. The main different involves various taxation rates, rules under which to comply to and mostly the amount of cash that can be used to acquire such a license. Many firms have considered Malta as well as Gibraltar licenses for they are easier to acquire for little amount. Nonetheless, these licenses have their own jurisdictions such that they can’t operate in all European nations.

UK has been known for its stern restrictions in operational license acquisition. However, many consider these licenses from UK’s Gambling Authority far much better from other authorities. This comes despite having strict acts that should always be followed. This could be the main reason which prompted the Magnet Gaming firm to seek the Remote Gambling Software Operating License from the UK Gambling Commission.

This firm which has its roots in Denmark joined the league of a number of companies who supply their products abroad and must have the ultimate license for their work. These firms have to act in accordance with the 2014 Gambling (Licensing and Advertising) Act if at all they desire to have smooth business functioning.

Magnet’s Head of Game Licensing, Thomas Nielsen claimed that for his firm to have the advantage of the new markets abroad, this license must have come into play. This comes as a result of the fact that the UK market has established itself as the superior and productive market across the globe. This in turn brings in its high standards and this was fundamental for Magnet Gaming to seek the operational license.

He continued to add that this will be a huge step for the firm which aims in bringing the best games to their British clients which will be accompanied by amazing retention rates for the maximization of incomes.

This comes before next week’s ICE Total Gaming where Magnet Gaming will be on stand N6-210 as it showcases its existing and new games including Vikings, Candy Kingdom and Space Gems.