Sportsbook management software provider Pinnacle Solution has celebrated another milestone in its growth strategy after being granted a sports betting licence from the Malta Gaming Authority (MGA).

The new licence will enable the company to offer its products and services to sportsbook partners across Malta.

CEO Paris Smith commented: “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.”

Pinnacle Solution explained that the MGA licence, along with a new esports product that is due to be launched at next month’s ICE, will underpin the supplier’s ambitious growth plans for H2 2022 and beyond as it seeks to expand into new markets across Europe and Latin America.

The company plans to use its product suite to “target new partners looking for an accredited supplier capable of extracting the full potential out of their sports betting brands”.

Smith added: “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 with the ultimate sports betting, esports, and risk management solutions.”