Bet365 Sportsbook Granted a Betting License in Malta
Posted: August 11, 2015
Updated: October 6, 2017
A Class 2 Remote Gaming License was handed to Bet365 Sportsbook by the Malta Gaming Authority.
The Malta Gaming Authority (MGA) granted an online gaming license to Bet365 Sportsbook, gambling news report. The license is valid for the operator’s sports betting service. Bet365 acquired a Malta gambling license short after BetConstruct was handed another remote gaming permit by the country’s gambling authority.
A Bet365 representative announced the acquisition of the license, saying, “Due to the regulatory developments in various operating territories, Bet365 decided that in addition to the remote gaming licenses held by our existing operating hub in Gibraltar, a Class 2 license by the Maltese regulator was required in order to obtain and maintain certain regulatory approvals as well as to support its operations in the evolving global regulatory environment.”
Malta keep raising the bar
The Bet365 spokesperson continued, “We are therefore pleased to have been awarded a Class II Remote Gaming license by the MGA, following a robust application process which examined our gambling operations, procedures and the experience of our personnel. In conjunction with the Maltese licensing process, we have also now established a Maltese marketing company, with premises located in Sliema, accommodating our marketing management and procurement functions headed by Fred Bjurjfall, who will be supporting the marketing activities of the group.”
Executive Chairman of the MGA, Joseph Cuschieri also commented the move by which Maltese gambling laws granted a license for the operator. He said, “The Malta Gaming Authority is delighted to have bet365 included in its portfolio of licensees. 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.”