GiG applies for Spanish license
(PRESS RELEASE) -- Gaming Innovation Group Inc. (GiG) has applied for an online B2C casino and sports betting license in Spain as part of its expansion in regulated markets. GiG will, as part of the licensing process, certify its B2B technical platform and offer its services and solutions to external licensed operators in the Spanish market.
GiG will enter the Spanish market with both its B2C and B2B offering and is aiming to launch in H2 2019.
Gambling is an important part of Spanish culture. The country has one of the highest per capita spending in Europe and has consistently grown during the past 20 years. Spain regulated online gambling on a national level in 2011, the offline to online transition is further driving growth, especially in sports betting. Total Gross Gaming Revenue in Spain in 2017 was approximately $10 billion, of which online gambling was 10%. Forecasts expect this to rise to more than 15% by 2023. Spain is looking into harmonizing regulation relating to responsible gaming and gambling advertising, in line with other regulated markets, increasing player safety and market sustainability.
GiG is well positioned for the market opportunity in Spain covering all verticals in the iGaming value chain, supporting operatorsí growth with its full turnkey solutions and with cutting edge services, products and solutions which can be optimized for bespoke operator requirements.
GiG currently holds licenses in Malta, the U.K., New Jersey and Germany: Schleswig-Holstein, and also has two pending licenses in Sweden.