OSLONorway , July 1, 2022 /PRNewswire/ — Gaming Innovation Group Inc. (GiG) has signed an agreement with a brand new partner in Spain to provide its award-winning platform, powering their move online.
The new partner already has an established retail business in the region, and the partnership will allow the new licensed brand to expand its online operations by the end of this year. Their digital transformation is expected to leverage the substantial experience and knowledge that GiG can offer.
Given the new partner’s existing “brand equity”, with over 27 large arcades among their extensive retail operations, it is expected that the brand will be able to secure competitive market share and quickly generate income, by exploiting the vast potential of iGaming in Spain.
The signed agreement covers an initial period of three years, with an option for an additional year.
This new partner will be GiG’s thirteenth customer in Spain, and they are well positioned to support organizations of all sizes with similar aspirations, in line with their focused strategy. The regulated Spanish online casino market continues to grow and generated €407 million in GGR in 2021, a 13% increase on 2020, with similar growth forecast for 2022 according to H2 Gambling Capital.
Hervé Schlosser, Managing Director of Sportnco Gaming, said “We are excited to partner with this new partner to help them leverage their existing retail brand and get started in online gaming. In today’s market, being able to offer the expertise, support and tools to help our partners stand out from the competition when launching into new markets is something we consider a part essential to our service offering. This new operation is fully in line with our strategy to focus on fast-growing regulated markets, and also to bring our expertise to a large number of clients in all the markets where we are present. With now 13 customers in Spainour platform is more than ever the reference and the market leader in this country.“
For more information:
Richard BrownCEO GiG, [email protected]+34 661599025
About the Game Innovation Group (GiG)
Gaming Innovation Group is a leading iGaming technology company, providing solutions, products and services to iGaming operators. Founded in 2012, Gaming Innovation Group’s vision is “to be the industry-leading platform, sports betting and media provider delivering world-class solutions to our iGaming partners and their customers”. GiG’s mission is to drive sustainable growth and profitability for our partners through product innovation, scalable technology and quality service. Gaming Innovation Group operates from Malta and is listed on the Oslo Stock Exchange under the symbol GIG and on Nasdaq Stockholm under the symbol GIGSEK. www.gig.com
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SOURCE Gaming Innovation Group