As Maltco’s 10 year lottery concession in Malta is drawing to an end next year, a new operator, National Lottery plc, has been appointed as the new concession holder following a €105 million bid.
The company was one of two competitors seeking the concession. The other, the Sisal Malta Consortium submitted a €53 million.
National Lottery is majority owned by Izi Group plc, and has the group’s majority shareholder, Johann Schembri as a director, according to the Malta Business Registry.
Izi Group also owns leading local gambling company Izibet, which offers both online and retail gambling services to customers, and holds the majority of shares in Peninsula Gaming Group, which operates the popular Dragonara Casino via Dragonara Gaming limited.
Proposals for a new national lottery licence were invited from October 8th, after which bids received were analysed by technical and financial advisory boards
Financial offers were opened on Monday, with the preferred party chosen on a basis of making the highest offer.
The entertainment hub, which has recently opened in Pembroke after a lengthy period of meticulous restoration, serves up a gamut of dining, fitness, business and leisure opportunities
His appointment comes into effect from September 2024, and will see him remain on the board of Games Global as an independent non-executive director
Under the MiCA framework, OKX plans to offer spot trading (including EUR and USDC pairs) in addition to buy, sell, convert and staking services to qualified EU residents through Okcoin Europe Ltd
The telecoms firm prioritises holistic and scalable solutions for its corporate clients, says Arthur Azzopardi, Chief Officer at GO Business.