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Malta Business Review
GAMING
Altenar continues regulated market
mission with Malta licence
Altenar has set about acquiring more customers
from regulated gambling markets after collecting a
B2B sports betting licence from the Malta Gaming
Authority (MGA).
This recognition allows Altenar to work with Malta-licensed
operators to offer betting services including extensive in-play
coverage and the popular cash out feature.
The licensing process for this Type 2 B2B licence took just over
five months which, according to Altenar CEO Stanislav Silin,
is “relatively quick given that the regulatory regime in Malta
changed in August 2018, and quite a number of providers had
to go through the process of getting a new licence all at the
same time”.
and is, therefore, a good base standard to cater for subsequent
expansion into such jurisdictions.
Silin added that securing the licence - which followed the firm’s
approval to service the Romanian market in September 2018
- was a key stepping stone towards becoming “one of the best
sportsbook providers on the market”.
“This isn't our first licence, as we already have one issued in
Romania,” he explained. “It definitely won’t be the last either,
but it is certainly the most significant so far, and one that
should allow us to progress further along our path following
our strategy of gaining recognition and acquiring customers in
regulated markets.
“Meeting the stringent compliance tests and regulatory
requirements set by the MGA is definitely an important step as
we seek to become one of the best sportsbook providers on the
market - an ambitious vision that we are slowly making a reality.”
It’s been a fast start to the year for Altenar, who secured its
first regulated customer for the Romanian market in January
through Red Sevens (www.redsevens.ro).
The MGA licence covers a lot of common ground in terms of
requirements typically present in country specific regulation,
Just two months later, the firm powered the launch of Fastbet.
it, a new brand for established Italian sports betting and
gaming operator Replatz - one of 70 licensees confirmed by
the country’s gaming regulator Agenzia delle Dogane e dei
Monopoli (ADM). MBR
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