Betting platform group Pinnacle Solution, the parent company of Pinnacle Sports, has announced that they've been granted a gaming license by the Malta Gaming Authority, giving the company the chance to offer their services throughout wide swaths of the world.
The license will see Pinnacle able to see its goals to expand Europe made possible in a B2B sense, as the certification is for providing backend tools and sportsbetting platform technology. The company also is looking to the Latin American gaming market, which itself is growing as a lucrative online sportsbetting market. Pinnacle currently has more than 50 B2B sports clients.
"We've made great efforts to ensure our trading practices and technology stack can be scaled quickly, openly, and transparently in order to give our sportsbook partners a first-class service that delivers the enhanced hold and revenue performance they're after," said Pinnacle CEO Paris Smith. "Obtaining the MGA licence is proof that our expert teams have developed products that meet the market's demands and high standards, and we're now looking forward to servicing new partners in more markets."