GiG Signs with New Online Operator in Spain
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 organizations 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 forecasted for 2022 according to H2 Gambling Capital.