Evolution Gaming awarded Class 4 B2B Licence by the Malta LGA
10 April 2012, Staff writer
Highlights: Evolution Gaming have been awarded a Class 4 B2B license by Malta's
Lotteries & Gaming Authority ("LGA"), enabling their B2C customers with EU/EEA
country licence to provide their live games without a LGA B2C license.
(PRESS RELEASE) -- 10 April 2012, Evolution Gaming, the world leader in
video-streamed Live Dealer gaming, has been awarded a Class 4 B2B
(Business-to-Business) Licence by the Malta Lotteries & Gaming Authority (LGA).
Although awarded as a B2B licence to Evolution as a live gaming platform
provider, the licence offers significant business benefits to B2C
(Business-to-Consumer) clients looking to stream
Live Casino
services across Europe.
Previously the B2C gaming operator also needed to have a Malta LGA licence, but
following a legislative amendment in 2011 this is no longer the case.
Post-amendment, an EU/EEA country-licensed B2C gaming operator looking to
harness the Malta-approved platform of a B2B game provider does not need to
apply for a Malta B2C licence under the Remote Gaming Regulations in addition to
its EU/EEA country licence.
Currently, Malta is the only full EU Member State that explicitly licenses and
regulates B2B providers separately from B2C licensing. Malta also provides
significant tax advantages and other business incentives for gaming providers
and their clients.
According to Evolution, there are numerous advantages in choosing a
Malta-licensed platform provider. Firstly, risk is reduced – by knowing with
certainty that the provider and its games have met the rigorous standards of a
reputable authority in an EU jurisdiction, and that adequate business continuity
and disaster recovery systems are in place. Secondly, using a B2B provider that
is specifically set up to service the reporting and compliance requirements of
regulated markets enables the B2C operator to cut costs and operational
overheads. Allied to this second point, the B2C operator can benefit from
further significant legal and commercial advantages through clearer separation
of roles and a transfer of certain responsibilities to the B2B licensee.
Jesper von Bahr, Chief Legal Officer at Evolution, commented: “The gaining of
this licence fits in perfectly with Evolution’s total compliance policy and our
desire to make things as simple and cost-effective as possible for our own
licensees.”
He added: “Naturally, we work with umbrella bodies such as the LGA and AGCC
(Alderney Gambling Control Commission) and with local regulators, such as AAMS
in Italy. This Class 4 licence will enable us to pursue additional opportunities
and further strengthen our standing as the world’s leading Live Casino provider.”
About Evolution Gaming
Evolution Gaming are a specialist
live gaming platform developer, streaming games from their Riga, Latvian based
dealer studio. Since their launch in late 2006, they have managed to sign an
impressive list of licensees to their product, including online gambling
powerhouses William Hill, Paddy Power, Ladbrokes, Victor Chandler, Sportingbet,
888, and PartyGaming.
Their live dealer product is licensed and regulated by both the Latvian Gambling
Authority and Alderney Gambling Control Commission..
<<< Back to current news
|
