DGAP-News: mybet Holding SE / Key word(s): Miscellaneous
mybet subsidiary C4U receives e-money licence in Malta
10.07.2013 / 10:03
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mybet subsidiary C4U receives e-money licence in Malta
- Maltese Ministry for Finance grants provisional e-money licence to
C4U-Malta Ltd.
- Clear savings on payment transaction costs
- Additional sources of income for mybet from financial services
Kiel/Malta, July 10, 2013 - C4U-Malta Ltd., a fully owned subsidiary of
mybet Holding SE (ISIN DE000A0JRU67), has secured a provisional permit to
conduct financial transactions. According to the MFSA Malta
Financial Services Authority the final Electronic Money Institution Licence
should be granted within three months. With this licence, C4U will be able
to offer extensive payment transaction services across the EU both for
companies of the mybet Group and for third-party companies.
This will make mybet one of the first companies in the gaming industry to
be independent of third-party banks for its payment transactions. Lower
transaction costs, additional income from payment transaction services and
scope for bringing its own virtual currencies for gaming products onto the
market will positively impact the profitability of the mybet Group.
Mathias Dahms, Management Board spokesman of mybet Holding Holding SE,
remarked: 'We are very proud that in future we will have our own partial
banking licence. The permit makes us more independent of the services of
third-party banks and we can guarantee that the gaming products of our
participating interests satisfy the EU's exacting standards for
transactions in the gaming sector. W3e are convinced that such services are
set to enjoy increasing demand in the future. Through C4U we are active in
a very exciting and lucrative specialist market.'
The implementation of the third and an announced fourth EU Money Laundering
Directive, which imposes an array of more rigorous requirements on
companies offering gaming on the Internet, will present fresh challenges to
those operating in the European gaming industry. The receipt of the licence
will enable C4U to offer its services to other providers, too, in order to
meet the tougher requirements.
The licence also creates further opportunities along with the scope for
creating an own virtual currency. Along the lines of the 'Bitcoin,' a
widespread form of electronic payment, C4U will be able to offer the market
a currency system that is specifically tailored to the more exacting
requirements of betting and casino operators.
About mybet:
mybet Holding SE (formerly JAXX SE), established in 1998, is a financial
holding company with holdings in companies in the European gaming industry.
mybet Holding SE currently holds interests in companies in Germany,
Austria, Spain, Italy, Belgium, Gibraltar and Malta. mybet Holding SE has
its headquarters in Kiel. The group's focus is on the products sports
betting, casino and poker, which are offered on the Internet at
www.mybet.com and www.mybet.de as well as in betting shops. The shares of
mybet Holding SE have been listed on Deutsche Börse since 1999 under ISIN
DE000A0JRU67.
Contact:
mybet Holding SE
Investor Relations & Corporate Communications
Stefan Zenker
Tel. +49 (40) 85 37 88 47
Fax +49 (40) 85 37 88 30
Mail stefan.zenker@mybet.com
End of Corporate News
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10.07.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: mybet Holding SE
Jägersberg 23
24103 Kiel
Germany
Phone: +49 40 85 37 88-0
Fax: +49 40 85 37 88-30
E-mail: ir@mybet.com
Internet: www.mybet-se.com
ISIN: DE000A0JRU67
WKN: A0JRU6
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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220562 10.07.2013
DGAP-News: mybet subsidiary C4U receives e-money licence in Malta
| Source: EQS Group AG