PINNACLE SPORTS (Malta license)
As reported on the Pinnacle Sports website.
Pinnacle Sports delighted to announce award of Malta Gaming Authority Licence (Mar 19, 2015)
The MGA issues Gaming Licence to Pinnacle Sports, facilitating the leading online bookmaker’s ambitious drive toward expansion into regulated markets.
(Willemstad, Curaçao) Leading online bookmaker, Pinnacle sports, is delighted to announce the award of a Gaming Licence by the Malta Gaming Authority (MGA). The move initiates ambitious plans for expansion into regulated markets, and the development of relevant B2B relationships.
The issue of the Class 2 Provisional Gaming Licence by the Maltese regulator helps fulfil a key component of a growth strategy outlined since a change of ownership, in August 2014.
"We are excited to have secured a licence from one of the most trusted authorities in gaming,” said Paris Smith,CEO of Pinnacle Sports “The endorsement secures an important foundation for our aggressive growth strategy for 2015 and beyond."
“The Malta Gaming Authority is delighted to have one of the biggest brands in the gaming industry included in its licensing portfolio. The Authority is committed to continue delivering innovative solutions to address the ongoing evolution of the industry, and the challenges this brings along with it, with integrity and focus on consumer protection,” said Joseph Cuschieri, MGA’s Executive Chairman.
Comment: We really don´t understand this move. How many regulated markets can you attack from Malta? Many of the gaming companies located on the Island have made their names in places such as Scandinavia, Germany and Italy. The ``Well´´is drying and further regulation is coming. Malta will be as much use to Pinnacle as a concrete parachute to a skydiver. Whilst Malta won´t pull the trigger (like alderney did) that´s simply because the Maltese authorities would sell their souls for a few dollars more!!
We give it a year!!