MGA Issues New License to Swintt Malta Ltd

The Malta Gaming Authority (MGA) has announced that it has issued a new license to Swintt Malta Ltd, a subsidiary of the Swintt group. This license will enable Swintt to offer its online gaming services, including casino and sports betting, to players in Malta and other European countries.

License Details

The license, which was issued on February 10, 2024, is a B2B license, allowing Swintt to provide its services to other licensed operators. The company will be required to comply with the MGA's regulations and guidelines, including those related to anti-money laundering and player protection.

Swintt Malta Ltd has stated that it plans to use the license to expand its operations in Europe, particularly in the UK, Germany, and Scandinavian markets. The company has already partnered with several major operators, including Betsson and LeoVegas, and plans to announce further partnerships in the coming months.

Market Impact

The issuance of the license is expected to have a positive impact on the online gaming market in Europe, as it will increase competition and provide players with more choices. According to a report by H2 Gambling Capital, the European online gaming market is expected to grow by 10% in 2024, with the UK and Germany being the largest markets.

• The MGA has issued a total of 25 new licenses in the past 12 months, with 15 of those being B2B licenses.
• Swintt Malta Ltd is one of several companies to have received a license from the MGA in recent months, including Playtech and Evolution Gaming.
• The company's revenue is expected to increase by 20% in 2024, driven by the expansion of its operations in Europe.