The Malta Gaming Authority has issued the world’s first sports betting brokerage license to BIB Limited, a subsidiary of Bet IT Best GmbH.
Nico Jansen, Bet IT Best’s CEO commented: “We are thrilled to finally open our whole sports betting portfolio to the public. By holding an official licence from a well known and highly respected entity we now have official proof of the overall reliability of services, processes, expertise, financial capabilities, validation of our business model and reliability of our IT hard- & software.
He continued: “This was the last piece nearly all bookies have been asking for. Until yesterday, due to regulatory requirements, bookmakers have not been able to fully rely on our offered services, as we are offering a licensable service.”
BIB Limited will be using the software and services developed by Munich based Bet IT Best GmbH which address and cover the whole value chain of anybody interested in sports by ‘providing multiple unique and highly valuable assets’. The licensed sports betting brokerage service will be integrated into the existing sports news and livescores of Bet IT Best.
Jansen added: “As of today (January 13) bookies can rely on our licence, which will finally answer all outstanding questions and doubts which rose up by their respective compliance departments. As of now we are finalising the integration of further bookies, who had been waiting in the wings for this class 3 license to be issued.”