Octoplay, an emerging iGaming studio, has obtained a license from the Malta Gaming Authority, which will aid in the expansion of the business.
Octoplay provides igaming content to MGA-licensed operators in the region, including five slot games.
The studio has already created some excellent titles, such as Pearly Shores, Heavy Anchor, and Hot Harvest, as well as intriguing slot machines, such as Blazing Touch and Dive.
This agreement comes after the firm received its first license in August, allowing it to begin supplying slot games to Romanian operators.
Betsson and Octoplay executed their first direct integration content deal a month ago. Under the terms of this contract, Octoplay will provide all games developed on its RGS platform.
CEO Carl Ejlertsson stated in response to Octoplay’s first integration transaction, “This deal is a testimonial to the quality of our games and Betsson Group’s innovative product vision.”
Good News For Octoplay
In 2018, the government of Malta amended the Gaming Act in several ways. The purpose of these reforms was to make obtaining a license in the country more accessible and better to safeguard customers, operators, and service providers.
The licensing process has been dramatically simplified, and there are now only two license types: B2B and B2C. The B2C license will continue to be classified by the type of game it provides, but each type will no longer require a separate license. The new laws state that a B2C licensee can add new types of games without undergoing the entire licensing procedure again.
Ejlertsson was enthusiastic about the opportunity to connect with new operators and participants. He lauded the new license, which allows Octoplay to expand into licensed jurisdictions that accept and recognize MGA certification. Additionally, he indicated that Octoplay is eager to grow into additional licensed areas.
Since we began last month,” he added, “there has been a great deal of interest in our unique games, and we are delighted about the potential that the notice of recognition affords us. Thank you, Malta.”
There are numerous advantages to possessing a Maltese online gambling license. First and foremost, the Malta Gaming Authority (MGA) is one of the most reputable regulatory bodies in the world, and a license from it is viewed as a vote of confidence throughout the globe. In addition, obtaining a license is expedient and provides a stable legal and regulatory framework for operators, service providers, and online players.
Octoplay Scaling To New Heights
OctoPlay is a new firm managed by seasoned game industry veterans. Carl Ejlertsson is the new corporation’s chief executive officer, a former Red Tiger, and Evolution employee. About a month ago, he announced to the public that the launch of the content creator would occur on November 14. The corporation published its first three video slots on that date.
The games, which can be viewed on the Octoplay website, have generated significant interest, and the company’s target markets have recently experienced an influx of transactions.
The games are visually appealing and enjoyable to play. The studio’s CEO asserts that they will do everything it takes to provide endless entertainment of the highest quality. Additionally, they are designed to be licensed everywhere licensing is required.
Then, Octoplay, a developer of casino games, struck a contract with Betsson Group.
Ejlertsson stated, “Betsson Group is one of the top brands in the business, and we are happy and honored to be able to provide them with our suite of unique new material.”
This transaction demonstrates the quality of our games and how Betsson Group views its future product offerings. Octoplay is pleased to make its content available in all regulated marketplaces. Because the company’s objective is to acquire licenses wherever demand exists.”
Companies with a Maltese license, such as Octoplay, are privileged to enjoy the onshore status in Europe. This means that operators registered in Malta can advertise throughout the European Union. The MGA has rigorous anti-money laundering regulations and fully complies with EU regulations.
Last Updated on by Ryan
