Gig Plans To Enter The Spanish Market
Gaming innovation group inc. (gig) filed an application for a b2c online casino and obtaining a license for bookmakers in spain within the expansion of regulated markets.
In the gig licensing process, the b2b technical platform certifies and will offer services and solutions to external licensed operators in the spanish market. Implementation is scheduled for the second half of 2019.
Gambling are an important part of spanish culture. In the country, one of the highest rates for gambling in europe was recorded, and it constantly increasing over the past 20 years.
In 2011, spain introduced regulation of online gambling at the national level, the transition from offline to online games has stimulated the development of gambling, especially intecily interest in bookmakers. Common gross income from gambling in spain in 2017 amounted to about $ 10 billion, of which 10% accounted for online gambling. According to forecasts, by 2023 this indicator may increase by 15%. Spain considers the issue of harmonization of rules related to responsible advertising of gambling, in accordance with other regulated markets, improving the safety of players and market stability.
Gig has every chance to realize opportities in the spanish market. The company’s work covers all verticals in the igaming chain, maintaining the growth of operators using full-fledged turnkey and advanced services, products and solutions that can be optimized for individual requirements of operators.
Currently, gig owns malta, great britain, new jersey licenses, germany, and also experts an answer from the swedish gambling regulator.
Recall that spanish and latin american gambling establishments on the crest of technical progress. From now on, there will be facial recognition technology in terrestrial and online casinos. The initiator of the project was the gambling regulator.