Enlabs secures Malta platform approval and expands into B2B

Enlabs’ newly developed NPL gaming platform has received certification from the Malta Gaming Authority.

Following recent approvals in Sweden and Lithuania, Enlabs said that the Malta certification would open up major business opportunities for the company, with its leading Optibet brand the first to migrate to the platform.

The approval also gives Enlabs the opportunity to develop a new B2B service, Enlabs Solutions, providing licensed platform solutions to third-party operators.

“We have worked long and meticulously to develop NPL with modern and scalable technology, which means that the platform can be managed and adapted for multiple brands and markets. This is also the reason why we have been able to certify the platform so quickly in a new market with local regulations,” said Enlabs chief technology officer Davit Khatasvhili.

“NPL supports cloud-based solutions, which provide both increased flexibility and reliability, but also scalability and cost efficiency. When all brands are migrated to NPL, we will experience significant efficiency gains in the form of reduced administration as we do not need to support multiple platforms that we currently do.”

Enlabs president and CEO Robert Andersson commented: “Certification of NPL is an important step in Enlabs’ growth journey. Together with our proprietary betting product ‘Betx’ it not only gives us great opportunities to expand within online gaming but also an important step towards being able to offer our platform as a service to other companies.

“We now have a modern and dynamic platform that is licensed in Sweden, Lithuania, now Malta, and in the near future also in Estonia and Latvia which means we can offer our platform to other companies with exciting brands that want a cost-effective and flexible solution. We have already started discussions with our first potential customers and are obviously looking forward to more collaborations.”

Shares in Enlabs AB (STO:NLAB) were trading up 0.24 per cent at SEK20.80 per share in Stockholm yesterday morning.