Amaya, through certain of its subsidiaries, is licensed or approved to offer, or offers under third party licenses or approvals, its products and services in various jurisdictions throughout the world, including the United Kingdom, Italy, France, Spain, Estonia, Belgium, Denmark, Bulgaria, Greece, Ireland, Romania, the Isle of Man, Malta, Portugal, the State of Schleswig-Holstein in Germany, the Czech Republic and the State of New Jersey in the United States.
Amaya's primary market is the European Union (EU) and it currently operates some or all of its online gaming verticals in various EU jurisdictions through national licenses or approvals. Additionally, Rational Group's subsidiaries that hold Malta licenses use the same to offer some or all of its online gaming verticals to residents in EU member states in compliance with established EU rules and principles on the free movement of services. Amaya believes there is an ongoing trend for EU member states to establish national regulatory, licensing and taxation systems for online gaming, including, but not limited to, poker, casino, sportsbetting or a combination thereof. According to the European Commission, all national regulatory systems for online gaming must comply with applicable EU principles. Amaya intends to seek licensure in more EU member states if and when such member states introduce their own national regulatory and licensing systems.
Outside the EU, the licenses and approvals granted to Amaya subsidiaries by the applicable gaming authorities in the Isle of Man and Malta generally permit the applicable entity to operate and accept customers in various jurisdictions around the world where no national regulatory and licensing system specifically requires licensure by foreign operators. Amaya anticipates there is a potential for national regulation of online gaming outside the EU and that this may result in potential licensing or partnerships with private operators in various jurisdictions.
With respect to online gaming, Amaya supports regulation, including licensing and taxation regimes, which it believes will promote sustainable online gaming markets that are beneficial for consumers, governments and the citizens of the regulating jurisdiction, operators, and the industry as a whole. Amaya strives to work with applicable governmental authorities to develop regulations that it expects would protect consumers, encourage responsible gaming, ensure efficient taxation and promote regulated gameplay. Amaya also strives to be among the first of the licensed operators in newly regulated jurisdictions, in each case to the extent it would be in furtherance of its business goals and strategy and in compliance with its policies and procedures with respect to the same. In addition, Amaya otherwise seeks to ensure that it obtains all permits, authorizations, registrations or licenses necessary to develop, distribute and offer its products and services in the jurisdictions in which it carries on business globally and where it is otherwise required to do so.
Amaya's Compliance Committee is responsible for the oversight of gaming regulatory and other corporate compliance matters. Additional information about the Compliance Committee, including its members, can be found here.