iGaming technology company Gaming Innovation Group (GiG) signed Friday an agreement with a new partner in Spain to provide its platform, powering their move online. The undisclosed partner is described as having "an established retail business in the region."
The partnership is set to allow the new licensed brand to expand its operations online by the end of this year. The signed agreement is for an initial period of three years, with the option for an additional year.
GiG stated that it is expected that the unnamed brand's digital transformation will take advantage of the substantial experience and knowledge that the company can offer in the region. This new partner will be GiG's thirteenth client in Spain.
Furthermore, GiG added that given the new partner’s existing "brand equity," with more than 27 large games rooms among its 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."
Our second big story of the day is that the ink is dry on a deal to provide our award winning Platform with a brand new partner in Spain.https://t.co/IZVUWCsEwK#iGaming, #Sportsbook #Platform $GiG #NewDeal pic.twitter.com/Ljh17euHji— Gaming Innovation group (GiG) (@GIG_online) July 1, 2022
GiG remarked it is “well-positioned" for supporting organizations of all sizes with similar aspirations, "in line with their targeted strategy." Its commitment to the region comes as the regulated Spanish online casino market continues to grow, having generated €407 million ($423.6 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 GiG subsidiary Sportnco Gaming
Hervé Schlosser, Managing Director of GiG subsidiary Sportnco Gaming, said “We’re delighted to be teaming up with this new partner to help them utilize their existing retail brand and move into online gaming. 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," he added. "With now 13 clients in Spain, our platform is more than ever the market reference and leader in this country."