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  • Cake Network Issued Letter of Intent

    Monday, April 26th, 2010 by t2admin

The Cake Network has established a company in Malta recently and the network has announced they have received a Letter of Intent from Malta Lotteries and Gaming Authority for their Class 4 Remote Gaming License.

The Cake Network has developed a new European division and they are now offering their current and future partners and option of begin regulated by Malta. Or they can choose to be licensed in Curacao. Those who would be regulated in Malta would have to meet the criteria set out in the Letter of Intent.

Cake Network was looking to gain licenses within the European Union and after extensive research the company found that Malta was the best jurisdiction for their move into the EU because of Malta’s international reputation and their strict regulatory infrastructure.

The Cake Network has been quickly expanding and this move into Malta shows that the company has grown considerably in the white label poker market. Andrew Turner the Director of Marketing for the Cake Poker Network commented:

“We are excited about being in a position to offer our existing and future partners licensing through the Malta Lotteries and Gaming Authority. This will greatly assist existing partners as they undertake further marketing within the European region and allow existing European White listed operators the opportunity to take advantage of the Cake Network’s suite of services.”

The European partners of Cake Network will be able to access the same business models that the network is currently offering. The network in Europe will be using the pure B2B model an operating a network where partners will be operating their own card room. The Cake Poker Network has already signed several partners that are ready to launch under the regulation of the Malta license.

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