VANCOUVER, April 18, 2018 /CNW/ - Global Daily Fantasy Sports Inc. ("Global or the "Company") (TSX-V: DFS) a B2B Daily Fantasy Sports software provider is pleased to announce that it has cleared all compliance requirements by the Malta Gaming Authority (MGA) and has been awarded a "B2B Controlled Skill Games Supply License" by the MGA. This license, which is valid for five years, will be used by Global to supply its Daily Fantasy Sports (DFS) product and platform to licensed operators in all other markets that don't require a specific license.
Darcy Krogh, Global's CEO comments, "The MGA always showed a belief in the potential expansion of DFS in Europe. 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. This license is pivotal for Global, enabling us to expand our presence into additional markets and launch our dotcom network. It also allows us to offer our product and platform to a wider group of operators".
The worldwide online gross gaming revenue is projected to reach 44.1B euro in 2018 and sports betting represents approximately 50% of that revenue. In addition, Europe as a jurisdiction represent approximately 53% of this business.* The addition of our Malta license to our already obtained UKGC licence positions Global well to licence our product and platform in this key online gaming region.
iGaming Business April 2018
About Global Daily Fantasy Sports Inc.
Global Daily Fantasy Sports Inc. (TSX-V: DFS) is a licensed and regulated provider of fantasy sports software with offices in Malta, Toronto and Vancouver. Its platform is a multi-tenant gateway that allows operators to offer their customers a world class Daily Fantasy Sports software solution. The platform allows for seamless integration at the operator level without having to share or compromise any sensitive customer data. Joining the Company's network allows operators to capitalize on a mature infrastructure, with shared liquidity, that was built specifically for regulated market environments. As a true B2B global network, the Company is a SaaS product that offers a turn- key solution for sportsbook operators, land-based operators, media groups, and big database companies to participate in the daily fantasy sports industry.
Per: "Darcy Krogh"
Darcy Krogh, President and CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Global Daily Fantasy Sports Inc.
For further information: Darcy Krogh, President and CEO, Tel: 604 685 9316, Email: [email protected]; Bill Mitoulas, Investor Relations, Global Daily Fantasy Sports Inc., Email: [email protected], Office: 416.479.9547