The National Lottery PLC has received a license from the Malta Gaming Authority. This move allows the Malta-based operator to take over operations from the initial Maltco Lotteries Limited. The National Lottery PLC bagged a sizeable contract that will see it operate the lottery, its products, and services until 2032.
National Lottery PLC Replaces Maltco Lotteries Limited
The MGA will supervise National Lottery’s operations. Although there’s no chance for any operational change before the expiry date. Launched in 2004, The national lottery has been under Maltco Lotteries Limited. Its license was in the market in 2012 for re-tendering but then the final decision was to grant Maltco a 10-year license extension.
However, the National Lottery PLC won the most recent tender. That means the company is in a partnership with the Ministry for the Economy to operate products and services offered by the national lottery. Receiving the license means the National Lottery PLC is now officially the recognized operator for the next 10 years.
The National Lottery PLC chief executive commented on the latest achievement by the company. Johann Schembri termed the opportunity a new era for Malta’s national lottery.
The official further stated that the Malta Gaming Authority license is a stamp of affirmation acknowledging the hard work and commitment invested in delivering a futuristic and innovative lottery service. Schembri also stated that fairness and transparency are also part of the company’s pillars.
National Lottery PLC Now Aiming to Meet All Its Goals
Carl Brincat also commented on license issuance. The MGA Chief Executive Officer welcomed the news. They stated that the regulator went through a thorough process before granting National Lottery PLC the license. That includes what product it offers and what else it adds to the market.
Brincat further stated the new company is compliant with all operational standards. Also in their statement was plenty of confidence in the National Lottery PLC’s ability to protect its players from problem gambling.
The Minister for the Economy, European Funds, and Lands expressed confidence in the license offered to the National lottery. Enhancing popular games by the National Lottery such as Super 5 and Lotto among others while introducing more games to enhance the game library is part of the plan.
Recent Partnerships by National Lottery PLC
The license from MGA comes just a week after the National Lottery PLC sealed a partnership deal with EveryMatrix. This collaboration will allow the services, content, and technology supplier for the iGaming industry to supply the country’s national lottery with its range of casino games.
Apart from supplying games, EveryMatrix will also integrate IGT’s engine into its proprietary CasinoEngine solution. That is the iGaming Integration Platform through Aurora Everywhere by IGT.
The two gaming companies signed a patent license deal earlier in May. This partnership allowed EveryMatrix to distribute games that include IGT’s game features.