Gaming Innovation Group (GIG) has revealed the signing of a pair of agreements for its new sportsbook SportX and iGaming platform CoreX in Argentina and Spain, as its innovative X-Suite solutions continue to impress leading operators in regulated markets in Latin America and Europe.
New alliances:
The 1st alliance revealed is with reputable sports-wagering, online casino and land-based operator Juegging, which will transition to GiG’s full-suite, strong X-Suite.
With this alliance, the mixed X-Suite will help Juegging to entirely transform its sports offering, as well as to significantly extend the number of content and payment suppliers it may provide to the market. In addition, the main focus of GIG’s suite of localized, user-centric and highly scalable features is to improve player retention and acquisition, which will further drive major growth of the brand in the jurisdiction.
In a related note, Spain is projected to create nearly €2bln of gross gaming revenue annually over the period of the next 3 years, according to the Directorate General for the Regulation of Gambling (DGOJ).
Next, the second alliance revealed is with SIGAR S.A., a local slot hall and land-based operator. Under the terms of this landmark deal, the aforementioned GiG’s fresh CoreX platform will go live into the regulated market of Argentina. However, GIG has already done a pretty significant job of expanding its presence in the country, by powering up brands in seven regulated regions.
Furthermore, the planned online presence of SIGAR will seek to utilize the vast experience of GIG in connecting operators of the land-based casinos online, having set up an array of successful alliances in recent years with many brands across Latin America and Europe.
In terms of income, the profits from online gaming in LatAM are projected to surpass USD $3.7bn in the coming year based on information provided by Statista, demonstrating that there is a significant chance for operator to expand within the confines of regulated markets with professionals like GIG, across the globe.
Commenting on the alliances, Chief Business Officer at GiG, Andrew Cochrane, commented according to the official press release: “These signings underscore the demand for our CoreX platform and SportX sportsbook, to drive innovation and expansion for our partners in regulated markets. The full X-Suite solutions, we believe, sits at the apex of technological advancement within our industry, empowering operators like Juegging and SIGAR to thrive in competitive landscapes across Europe and Latin America.”
GIG purchases KaFe Rocks Ltd. to expand GIG Media’s presence in the regulated market of North America:
In other news, GIG has signed a purchase agreement for the official purchase of KaFe Rocks Ltd., one of the flagship affiliate firms operating within the bounds of iGaming industry. Among the benefits of the deal is that GIG Media, a subsidiary of GIG, will significantly expand its presence in the regulated market of North America and cement its presence in the beneficial online casino market.