Vancouver-based Global Daily Fantasy Sports (GDFS) is preparing to expand into the UK market after receiving an operating licence from the country's Gambling Commission.

The combined remote operating licence was issued to the company's subsidiary GDFSI Malta, and allows GDFS to manufacture, supply, install and adapt gambling software for electronic devices or websites in a network setting.

It also allows such activities to be done by remote means, with GDFS planning to license its B2B daily fantasy sports content and technology within the UK.

"I am delighted to announce that we have been granted a remote gambling licence in the UK," said chief executive Darcy Krogh. "This will be a key target market for our business moving forward.

"Currently our focus is on going live with our Italian clients, and with the launch of our .com network shortly thereafter, we plan on signing a number of key strategic partners in the UK."

Shares in Global Daily Fantasy Sports Inc (TSX:DFS) will open for trading at CAD$0.37 per share in Toronto later Friday.