Posted in Industry August 21, 2019
GiG Gets New Licenses and Enters the Spanish Market
Regardless of their size, companies in the online gambling industry are always looking for new markets to explore and conquer. While expanding outside of Europe is common for companies like Gaming Innovation Group (GiG), there are still countries within Europe waiting for their services. This time, GiG is entering the Spanish market.
While the internet allows companies to operate worldwide, there are certain procedures and regulations that operators need to adhere to before they can harness the power of the internet. No one wants to take risks by entering unregulated markets. Small and young companies might be willing to take that risk, but bigger players like GiG avoid it, as gambling is often borderline or completely illegal in most countries.
Continued Growth
The real work begins when a company starts growing exponentially. GiG, for example, continues to expand because of the demand and the opportunities available. While the Spanish market may not be the largest for online gambling, it is still significant enough to generate profit for GiG and attract thousands of new customers.
GiG has been awarded licenses by the Directorate-General for the Regulation of Gambling in Spain, enabling them to operate legally in the country. This deal also allowed GiG’s suppliers and operators to appeal against the penalty fee given to Zecure Gaming, one of GiG’s subsidiaries, by the Spelinspektionen, a regulatory body in Sweden. The penalty was issued because Zecure Gaming accepted underage members. GiG disagrees with the penalty and is appealing the decision to pay a £300,000 fine.
Starting with Rizk Casino
Once operators receive permits to operate in a market, it is crucial to choose the right software provider and online casino website to represent their brand. GiG has decided to partner with Rizk Casino, their most successful casino, in the Spanish market.
Rizk Casino, established in 2016 as a subsidiary of GiG, offers high withdrawal limits, fast transactions, multiple languages, various accepted currencies, and generous bonuses. Users can make deposits using MasterCard, Visa, Neteller, and Skrill, and withdrawals can be made through Bank Wire Transfer, Visa, Neteller, and Skrill. E-Wallet withdrawals are typically processed within an hour and are instantaneous in most cases.
Rizk Casino offers games from some of the industry’s biggest software providers, including Microgaming, NetEnt, Play’n GO, NextGen Gaming, Quickspin, Yggdrasil Gaming, Thunderkick, and Red Tiger Gaming. The casino holds licenses from the Malta Gaming Authority, the UK Gambling Commission, and the Swedish Gambling Authority, ensuring fair play and legality.
Rizk Casino, despite being a really young site, manages to get nearly everything right. The bonuses and promotions are really good, the range of games is particularly impressive, and the overall design of the site is pretty much perfect. The Live Casino Welcome Bonus at Rizk is pretty straight forward - all new players can get a 100% bonus up to £100 on top of their first deposit, providing they deposit at least £10. We'd take that any day of the week - sign up and try their range of games today!Featured Casino
Future Plans for GiG
GiG currently operates successfully in Malta, Schleswig-Holstein (a German state), Latvia, Sweden, and the United Kingdom, and is now expanding into Spain. Robin Reed, the CEO of GiG, expressed excitement in sharing their business-to-business and business-to-customer solutions and products through Rizk Casino all across Spain.
As the gambling market continues to grow at around 20% annually, with only 12% of gambling being done online, this is a clear opportunity for GiG and other companies in the industry. It will be interesting to see GiG expand into other regions such as the United States, Canada, Australia, Asia, Africa, and South America. The United States is gradually settling its online gambling legislation, and players there are eagerly preparing for their online gambling experiences, hopefully with reputable companies like GiG.
