Gaming Innovation Group signed a heads of terms agreement with Grupo Slots, Argentina’s premier gaming and entertainment group, on August 4 to enter the regulated Buenos Aires online gaming market.
GiG has today signed the final agreement with Grupo Slots for a full online turnkey solution, which includes the technical igaming platform, sportsbook, front-end development, GiG’s data platform and GiG Logic.
The minimum contract period is four years with an automatic extension for one additional year and is based on a revenue share model in combination with set-up fees.
Grupo Slots is headquartered in San Luis, Argentina, and provides top-of-the-line entertainment and leisure services in more than 20 locations across Argentina, where it operates casinos, gambling and bingo halls, lottery and also the online gaming website Jugadon.com, in addition to hotels, restaurants and convention centres.
Argentina is regulating online gambling on a province by province basis and Grupo Slots in the process to obtain a licence for Buenos Aires City, anticipated to be the largest market in Argentina. The licence is expected to be granted early 2021 with go live in Q1 2021.
