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 operations online by the end of this year. It is expected that their digital transformation will take advantage of the substantial experience and knowledge that GiG can offer.
Given the new partner’s existing ‘brand equity’, with more than 27 large games rooms among their expansive retail operations, it is anticipated the brand will be able to secure a competitive market share and quickly drive revenue, tapping into the vast potential of iGaming in Spain.
The signed agreement is for an initial period of three years, with the option for an additional year.
This new partner will be GiG’s thirteenth client in Spain, and they are well positioned for supporting organisations of all sizes with similar aspirations, in line with their targeted strategy. The regulated Spanish online casino market continues to grow and generated €407 million of GGR in 2021, an increase of 13% from 2020, with a similar growth forecast for 2022 according to H2 Gambling Capital.
Hervé Schlosser, Managing Director of Sportnco Gaming, said “We’re delighted to be teaming up with this new partner to help them utilise their existing retail brand and move into online gaming. In today’s marketplace, being able to offer the expertise, support and tools to help our partners stand out from the competition when launching in new markets is something we view as an essential part of our service offering. This new deal is fully in line with our strategy to focus on fast growing regulated markets, and also bring our expertise to a large number of clients in every market we are. With now 13 clients in Spain, our platform is more than ever the market reference and leader in this country”
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About Gaming 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, sportsbook and media provider delivering world-class solutions to our iGaming partners and their customers. GiG acquired leading sportsbook provider Sportnco in 2022. Sportnco operates the leading B2B betting networks in France and Spain and is active in other European jurisdictions (Belgium, Portugal and Greece), as well as in South America and the US. Sportnco has been active since 2010, building strong partnerships with leading betting and gaming brands with its flexible platform, customisable offering, expertise in risk management and trading and speed to market.
GiG’s mission is to drive sustainable growth and profitability of our partners through product innovation, scalable technology and quality of service. Gaming Innovation Group operates out of Malta and is dual-listed on the Oslo Stock Exchange under the ticker symbol GIG and on Nasdaq Stockholm under the ticker symbol GIGSEK. www.gig.com.