Fandom Sports Commences Application Process for Malta Gaming Service License and Critical Gaming Supply License
July 28 2021 - 9:44AM
InvestorsHub NewsWire
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Fandom
Sports
Commences Application Process for Malta Gaming Service License and
Critical Gaming Supply License
Vancouver, British Columbia, CANADA
-- July
28,
2021 --
InvestorsHub NewsWire -- Fandom
Sports
Media Corp. (CSE: FDM) (OTCQB: FDMSF)
(FRANKFURT: TQ43) ("Fandom Sports" or the "Company"),
is pleased to announce that
the Company has commenced applications towards
approval from the Malta Gaming Authority ("MGA")
for both a
Gaming Service
License and Critical Gaming Supply
License.
Upon acceptance by the MGA,
Fandom Sports
will be able to offer a full spectrum of online gambling
services in Europe covering Casino, Fixed Odds Betting,
and
Pool Betting.
Upon receiving
MGA approval,
Fandom Sports will be joining a select
group of global operators and gaming supply
providers
including
PokerStars, Betfair,
Unibet
and
FansUnite
which
operate
their
businesses
within MGA regulations.
The Malta Gaming Authority is a gambling regulatory organization
that provides
top-tier industry standard gaming licenses that are in line with EU
laws and
regulations. With the MGA licenses, Fandom
Sports
will receive credibility as
a trusted betting platform supplier and
Esports and Sports
operator in Europe.
The
Company
will also obtain access to new markets
in which
operators
registered under EU legislation can utilize Fandom
Sports'
B2B and B2C products,
respectively. Other benefits of the MGA licenses include
access to
additional
payment
suppliers
which may provide
lower transaction fees and
more
flexible
types of payment solutions.
Fandom Sports
subsidiary Fandom Sports N.V
currently operates under a Curacao Internet Gaming License.
As
a
sublicense holder,
Fandom Esports Curacao N.V
is able to
market, promote and offer its games of chance
in
all jurisdictions other than France,
Spain, Australia, the Netherlands and certain other
Dutch-affiliated jurisdictions. The Company is
awaiting
sign
off of
banking compliance documentation
to finalize payment gateways so it can launch its wagering platform
for Esports under the existing Curacao licensing
framework.
Corporate Update Webinar
Fandom Sports Media's CEO David Vinokurov will be conducting a
corporate update webinar today at 2:00 EST. Registration and
questions submission
https://t.co/aDvAWUDjQX?amp=1
Malta Gaming License
Overview
The Critical Gaming Supply License
being applied for by Fandom Sports enables the Company to
market
its
Unified Information Access (UIA) based platform
to a broad spectrum of licensed
Esports and
sports betting operators
throughout Europe. The
B2C license
will allow Fandom Sports
to operate its own brands and game offerings
within the EU market.
According to the EU Gaming and Betting Association, the EU online
gambling
market is growing at about 10% per year and the gross gaming
revenue of the EU
sector is expected to rise to €29.3 billion by
20221.
"Having
a
Malta Gaming Authority license,
which
is widely considered one of the most
prestigious gambling licenses in the industry,
will enable Fandom Sports to begin implementing its B2B business
and affiliate strategy. Having a Tier 1 global license will provide
the Company with the credibility required to solidify relationships
with business partners currently in the Company's development
pipeline"
says
David Vinokurov, CEO and President, Fandom Sports Media
Corp.
^1https://www.egba.eu/eu-market/
"PLAY.
PREDICT. GET REWARDED."
For
additional Information:
Investor
Relations
Email:
info@fandomesports.com
Phone +1
(604) 256 6990
DISCLAIMER:
The CSE has not reviewed and does not accept responsibility for the
adequacy and accuracy of this information. This news release may
contain forward-looking statements. These forward-looking
statements do not guarantee future events or performance and should
not be relied upon. Actual outcomes may differ materially due to
any number of factors and uncertainties, many of which are beyond
the Company's control. Some of these risks and uncertainties may be
described in the Company's corporate filings (posted at
www.sedar.com).
The Company has no intention or obligation to update or revise any
forward-looking statements due to new information or events. This
press release contains forward-looking statements about FANDOM
SPORTS. Forward-looking statements may be identified by the use of
words like "believe," "expect," "anticipate," "estimate," "plan,"
"consider," "project," and similar references to the future.
Forward-looking statements reflect FANDOM SPORTS' good-faith
evaluation of information available at the time the forward-looking
statements were made. These forward-looking statements are subject
to a number of risks and uncertainties, and our actual results may
differ materially from those projected. Please refer to FANDOM
SPORTS' annual and quarterly reports filed on SEDAR for a full
discussion of those risks and uncertainties we view as most
important. Forward-looking statements are not, and should not be
relied upon as, a guarantee of future performance or results, nor
will they necessarily prove to be accurate indications of the times
at or by which any such performance or results will be achieved. As
a result, actual outcomes and results may differ materially from
those expressed in forward-looking statements. We undertake no
obligation to update or revise forward-looking
statements.
SOURCE
FANDOM SPORTS
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