The Lotteries and Gaming Authority (LGA) in Malta issued a Class 4 operators licence for remote gaming to Malta-based gaming firm Yggdrasil Gaming Ltd. The company managers positively commented on the progress and confirmed that its first licensee, PlayCherry Ltd, a subsidiary of the Cherry Group, will start operations soon, pending the completion of all preparatory activities.
“We only put the first shovel into the ground in September last year and now, just seven months later, we have a remote games’ server and an overall suit of 20+ games certified in one of the most competitive remote gaming jurisdictions in Europe,” said Fredrik Elmqvist, Yggdrasil Gaming CEO.
"It has been an accomplishment by everyone involved, and we are excited by the future of the online lottery sector. Gaming operators are moving very fast to grab their share of the online lottery market - the final frontier in iGaming - and at Yggdrasil we are expanding and revitalizing the lottery vertical into something which is very exciting for both online players and collaborative partners. The receipt of our Class 4 licence from the LGA means we have products ready for regulated gaming operators right now,“ the company CEO added.