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GiG secures Spanish igaming licenses

Gaming Innovation Group (GiG) has secured two new licences to offer its gambling services in the regulated Spanish market.

The company has been granted two licenses by the local gambling regulator – Dirección General de Ordenación del Juego (DGOJ) – that would permit it to provide online sports betting and casino gaming products in the Spanish market.

The igaming solutions provider plans to enter into the Spanish market via its flagship Rizk brand in the fourth quarter of this year, with plans to scale up operations in early 2020.

“We are delighted to be awarded the Spanish licences and are looking forward to serving the market with our top performing operator Rizk and our full suite of B2C and B2B products and solutions,” said GiG CEO Robin Reed in company’s statement.

“The approximately €1bn market is the strongest growing market in Europe, at a rate of approximately 20% per year, yet only 12% of the gambling is happening online, compared to more than 50% in mature digital markets in Europe, this represents a great opportunity for GiG,” added Mr. Reed.

GiG also holds licences in Malta, the UK, the German State of Schleswig-Holstein, Sweden and Latvia.

The operator also announced its plans to appeal a penalty fee levied by Swedish regulator Spelinspektionen. Zecure Gaming subsidiary was named as one of eight licensed operators who were allowing betting on sports events featuring a majority of participants under the age of 18 and was consequently fined SEK3.5m (€331k).

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