Gaming Innovation Group (GiG) has introduced the Portuguese launch of main on-line sports activities operator Betway, powered by its award successful igaming platform and sportsbook, in a launch that expands on GiG’s rising listing of tier 1 companions in complicated regulated markets.
Betway is GiG’s second B2B companion model now stay in Portugal, and the primary underneath the brand new stewardship of former SBTech and DraftKings executives, CEO Richard Carter and CBO Andrew Cochrane. The arrival of each strengthens GiG’s underlying prime tier credentials, with their in depth expertise at delivering business development anticipated to proceed to develop on GiG’s rising listing of excessive profile partnerships, throughout its Sportsbook, subsequent technology Platform and AI options.
Already topped EGR’s Full Service Platform and Multi-Channel Provider of the 12 months for 2023, at one of many trade’s most prestigious awards, Gaming Innovation Group has crafted a full suite of options which might be ideally positioned to reap the benefits of tightening world laws, driving development and income inside essentially the most complicated and extremely regulated markets.
Portugal itself supplies one of the strong regulatory on-line gaming frameworks in Europe, alongside a resolute taxation construction that facilitates the necessity for extremely configurable options to assist navigate alternatives for development available in the market. GiG’s modern options place a concerted deal with driving acquisition and retention, leveraging market main options that provide enhanced alternatives for main operators around the globe.
The web gaming market in Portugal gives appreciable alternative for development. Income rose to a file €658.6m in 2022, a rise of over 30% YoY throughout the 28 license holders, 12 for sports activities betting and 16 for iGaming, in line with knowledge provided by the regulator, Servico de Regulacao e inspecao de Jogos (SRIJ).
Andrew Cochrane, Chief Enterprise Officer at GiG stated: “I’m pleased with the shut partnership we’ve developed with Betway, and the product that we’ve helped construct with the crew for the Portuguese regulated market. Betway are a number one tier 1 operator, and this launch helps affirm our rising place as a market chief within the B2B trade. It is a very thrilling time to be part of GiG, as we proceed to put money into our product and expertise capabilities to underpin additional Tier 1 consumer wins and supply current shoppers with ever extra compelling product options.”
Anthony Werkman, CEO of Betway, stated; “As a part of our bold development technique for Portugal in 2024, this GiG platform will assist play a task in expediting our aims to raise the sports activities betting expertise for current Betway clients in Portugal and interesting to new ones. This settlement can even enable our groups to work in synergy to succeed in our shared objectives and aspirations throughout the nation”.
