PRESS RELEASE ISSUED BY THE MINISTRY FOR COMPETITIVENESS AND DIGITAL, MARITIME AND SERVICES ECONOMY: DraftKings continues international expansion

The Malta Gaming Authority has issued a Controlled Skill Games License to DraftKings, with regulations that will protect consumers, while bringing sports fans in Europe closer to the sports they love.

DraftKings Inc., today announced that its subsidiary, DK Malta OpCo Ltd has been granted a Controlled Skill Games License from the Malta Gaming Authority (MGA), following Malta’s recent introduction of a new regulatory regime for certain games of skill.

DraftKings is the world’s largest skill-based Fantasy Sports (FS) platform, allowing players to compete in daily or weekly Manager Game-type online contests across the largest variety of professional sports, including seven leagues of Football (soccer), North American Sports (NFL, MLB, NBA, NHL, CFL & NASCAR), Mixed Martial Arts, Golf (PGA & European Tour) and eSports.

The Skill Games License will enable DraftKings to operate in Malta and other select European countries. DraftKings intends to begin offering Fantasy Sport contests in some markets in the first quarter of 2017, with additional countries to follow.

“Malta’s intention to regulate digital skill games with a prize was first announced in December 2014 when the MGA published a consultation document. From then onwards, the MGA sought the input of various industry stakeholders and experts in order to develop a framework which facilitates the development of the sector, while ensuring adequate protection for players and fairness of the games, said Executive Chairman of the Malta Gaming Authority Joseph Cuschieri.

We have taken a responsible, fair and less conservative approach in order to enable companies such as DraftKings, in obtaining a license to operate in Malta and other European countries, whilst protecting the consumers. Such a regulation will again put Malta at the forefront in the sector of the digital economy, said Minister for Competitiveness and Digital, Maritime and Services Economy Dr Emmanuel Mallia.

We are excited to embark on this important phase of our international expansion, said DraftKings co-founder and CEO Jason Robins. We are pleased that Malta has recognized the need for special regulation of certain skill-based games such as online fantasy sports, which are an important and growing sector of the digital economy. The Malta Gaming Authority has been a terrific partner in terms of depth of analysis, appreciation of DraftKings’s product, and examining how our system is built to provide maximum enjoyment and peace of mind to our customers. We take pride in being regulated by this Authority.

DraftKings’s announcement comes nearly a year after it began successfully operating in the United Kingdom. With more than seven million registered players worldwide, DraftKings has experienced significant growth since its 2012 inception. In 2016, the company saw year-to-year growth of 20 percent, and a twelve-fold increase since 2014. In the United Kingdom, DraftKings has averaged nearly 20 percent month-over-month growth of its user base in the first nine months of operation, outpacing the growth curve of the US launch for the same time period.

We are excited to embark on this important phase of our international expansion, said DraftKings co-founder and CEO Jason Robins. We are pleased that Malta has recognized the need for special licensing of daily fantasy sports and other skilled based games. The Malta Gaming Authority is an innovative organization and it is clear that they have put a lot of thought and rigor into this process.

The strength of the company and success in the United Kingdom underpins DraftKings’ further European expansion.

About DraftKings

DraftKings is an innovative sports-tech entertainment platform, changing the way consumers engage with their favourite sports, teams and athletes worldwide. DraftKings, headquartered in Boston, MA, offers daily and weekly fantasy sports contests across ten professional sports in the U.S., Canada and the United Kingdom. Founded in 2012 by Jason Robins, Matt Kalish, and Paul Liberman, DraftKings is the exclusive daily fantasy sports partner of Major League Baseball, The National Hockey League, NASCAR and the Canadian Football League.

Source: Government of Malta