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mybet subsidiary C4U receives e-money licence in Malta

mybet Holding SE / Key word(s): Miscellaneous

10.07.2013 / 10:03

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.

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

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