Gaming Innovation Group has applied for an online B2C casino and sports betting licence 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.
Spain has one of the highest per capita gambling spending in Europe and has consistently grown during the past 20 years. The country regulated online gambling on a national level in 2011 and the offline to online transition is further driving growth, especially in sports betting.
Total Gross Gaming Revenue in Spain in 2017 was approximately $10bn, of which online gambling formed 10 per cent, with forecasts expecting this to rise to more than 15 per cent by 2023.
GiG is well positioned for the market opportunity in Spain covering all verticals in the igaming value chain, supporting operators’ growth with its full turnkey solutions and with services, products and solutions which can be optimised for bespoke operator requirements.
GiG currently holds licences in Malta, UK, New Jersey and Germany: Schleswig-Holstein and also has two pending licences in Sweden.
