Canada’s GDFS acquires Maltese licence for mobile DFS platform.
The daily fantasy sports (DFS) industry continues to grow across many regions of the world. A premier developer of DFS gaming software based right here in Canada is capitalizing on that market growth. According to a press release last week, Global Daily Fantasy Sports Incorporated (GDFS) of Vancouver has secured a licence from the Malta Gaming Authority (MGA).
The small European island of Malta is a major hub for tourism, boasting white sandy beaches and a welcoming tropical climate. It’s also one of the most significant polestars for businesses, especially internet gambling companies, who flock to the island for its generous tax system. Obtaining a licence from the MGA has become a standard for the spread of iGaming offerings across the globe.
GDFS Expands Reach of Mobile DFS Platform
GDFS successfully procured a controlled skill games licence to provide business-to-business (B2B) services. With this new licence in hand, the company will be able to provide its DFS platform to iGaming companies operating in many more markets; particularly those that don’t require regulatory approval from a specific body, like the UK.
The Vancouver firm already has a licence from the UK Gambling Commission, which allows them to provide DFS content to companies operating within the UK. The fact that GDFS holds a UK licence attests to the brand’s remarkably high operating standards. The 5-year Maltese licence will be a catalyst for growth throughout other parts of Europe and beyond.
Sealing the Deal with a Multi-Billion Kiss
Following the new licence structure, GDFS is anticipating a fabulous financial harvest this year. The company is projecting $54.4 billion in gross gaming revenue in 2018, with approximately 50% of that from sports betting. From the European market alone, GDFS is looking to rake in $29 billion.
Company CEO Darcy Krogh is enthusiastic about the firm’s potential following the Maltese licence acquisition. “The Malta Gaming Authority always showed a belief in the potential expansion of daily fantasy sports in Europe,” says Krogh.
“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,” Krogh continues. “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.”
The mobile-first DFS production group has a distribution contract with NYX Digital Gaming, which already supplies their software to major operators like Lottomatica, MicroGame and Sisal.
Canada DFS Platform not for Players at Home
GDFS will not be able to provide DFS services here in Canada. While daily fantasy sports and other forms of online gambling are not illegal here, such companies cannot have a physical presence in Canada, and provide services to Canadians, without a provisional licence from their respective province.
Unless one of those regulators – ACLC, BCLC, LotoQuebec, OLG, etc. – choose to install the companies mobile DFS platform within its own provincially-run iGaming network, GDFS will have to remain satisfied with supplying its services to international operators.
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