Toronto-listed Global Daily Fantasy Sports (GDFS) has secured a licence from the Malta Gaming Authority (MGA).

The daily fantasy sports (DFS) software provider has been awarded a B2B Controlled Skill Games Supply Licence by the Maltese regulator, and will use the certification to supply its products and platform to clients active in markets where a specific local licence is not required.

GDFS maintains a subsidiary office in Malta and has already secured a licence from the UK Gambling Commission, as well as moving into Italy with clients including Microgame, Lottomatica and Sisal.

"The MGA always showed a belief in the potential expansion of DFS in Europe," GDFS chief executive Darcy Kroght said.

"The granting of the license confirms that the company made the right choice when choosing Malta as its European base for its client facing and licensing operations," he explained. "This license is pivotal for Global, enabling us to expand our presence into additional markets and launch our network.

"It also allows us to offer our product and platform to a wider group of operators."

Shares in Global Daily Fantasy Sports Inc (CVE:GDFS) closed in Toronto Thursday down 7.04 per cent at CAD$0.33 per share.