MGA grant first ever B2B lottery betting license to Lotto Warehouse
Malta-based lottery betting igaming platform provider Lotto Warehouse Ltd has been granted the first ever B2B Class 4 platform license to host and manage betting on the outcome of lotteries by the Malta Gaming Authority.
An industry first in terms of jackpot coverage, the MGA licence will allow Lotto Warehouse the opportunity to offer other operators a chance to add a portfolio of lottery betting products to their platforms which also include the world’s biggest jackpots.
With its headquarters in St Julian’s Malta, Lotto Warehouse was set up in Q4 of 2016. It is already home to 25 employees and the company’s recruitment drive is expected to increase to 75 by the end of 2017. Their prime goal is of allowing B2C operators to add secondary lottery products to their portfolio of games with ease and integration flexibility.
Operators who sign up to Lotto Warehouse will have two options between running the standard betting platform or running a design customised portfolio of secondary lottery games.
CEO of Lotto Warehouse Thomas Biro stated: “We are very excited to be able to offer licensed B2C operators the chance to add an exciting new lottery betting vertical to their platforms.”
“Following an extensive jurisdictional search, we decided to establish ourselves in Malta, Europe’s true gaming business capital.
“The MGA is a rigorous, yet flexible regulatory body of international repute providing an all-encompassing gaming eco-system which will allow us to plan ahead.”
Biro continued to say: “I am grateful to the MGA staff and their Chairman, Mr Joseph Cuschieri, for their understanding, professionalism and full cooperation throughout this process. I would also like to thank Mr Reuben Portanier of Avviza Advisory who assisted us throughout the licensing process.”
MGA Chairman Mr Joseph Cuschieri commented on the issuance of the first B2B secondary lottery licence: “The Malta Gaming Authority is pleased to be issuing its first B2B licence to offer secondary lotteries to Lotto Warehouse, following the completion of a rigorous licensing process. Throughout this process, Lotto Warehouse proved to be a very serious operator, with extensive industry knowledge.”
Lotto Warehouse currently offers its lottery betting platform in 18 different languages and shall initially kick-off with 11 different international lottery products.
More information about the Lotto Warehouse offering is available on their website Lottowarehouse.com or email them at [email protected]
Further information can also be obtained by contacting Andrew Clarke, Communications and PR Manager at [email protected]
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