The US fantasy sports giants, DraftKings, has successfully acquired a Maltese gambling licence from the MGA (Malta Gaming Authority) which will now enable them to target European countries with their services.
The licence acquired falls under the Skill Games regulatory framework which was initiated last year by the small yet beautiful island of Malta. This means that DraftKings will be offering its fantasy sports services to new European jurisdictions, with their first being Germany.
This was confirmed by DraftKing's Chief International Officer Mr. Jeffrey Haas where he sad that "the decision to target the German market was based on the fact that fantasy contests had a long heritage there." The services is expected to start by next Mach.
Mr. Haas also added that their success was mainly achieved around the USA where 90% of their income was all generated thanks to fantasy sports popularity.
DraftKings offer online fantasy sports contests where basically, customers assemble a virtual sports team made from real professional players and will then accept betting on the possible results of the virtual game. The cool thing about this is that the result is based on real life statistics which are collected from the actual player's performance during his real match.
Mr. Haas also announced that they will be setting up their offices in Malta in weeks to come. Eventually, they will gradually increase their presence in other European countries where no specific licenses are required from their local regulatory bodies.
What is so special in Malta?Well, if you are asking yourself that question, here is what is so special in Malta.
Malta is becoming, or has become, one of the leading jurisdictions for iGaming companies around the world especially for online game providers that want to target most of the European countries. The MGA and the Maltese Government have been quite consistent over the past 4 years to make sure that their regulatory frame work is kept up to date with new industry demands and increasing their reputation amongst operators by sending a clear message that Malta is the best destination to establish their offices in.
In the heart of the Mediterranean sea, the perfect climate, the perfect beaches, the friendliest people ever, their seasonal festi and most of all, the "no stress" way of life in Malta, makes it the ideal country that you want to live and work in, anything else?
Ahh yes!, governing bodies are super protective about the iGaming industry in Malta, so rest assured that you and your job will be safe guarded.