Stockholm-listed Gaming Innovation Group (GiG) has expanded its European footprint by securing new licensing provisions for the markets of Spain and Romania.
Updating investors, GiG governance confirms that Spanish gambling regulator DGOJ has granted GiG B2C online sportsbook and casino licences.
The company has also disclosed that it will move to launch its flagship RIZK brand for the Spanish market, viewing the move as the launchpad to further LATAM opportunities.
Supporting its Spanish initiatives, GiG further reveals that it is in the process of certifying its B2B sportsbook and igaming provisions with the DGOJ.
“We are delighted to be awarded the Spanish licenses 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 chief executive Robin Reed.
Further to its Spanish market announcement, the Stockholm enterprise confirms its GiG Media division has secured a Romania ONJN class II licence which allows the unit to service affiliate marketing services.
As a result, GiG’s media services will be permitted to refer traffic to online casino and sportsbook operators holding a licence to operate in Romania.
Richard Brown, Group COO of GiG, said of the licence approval: “We are excited to extend our market reach by starting to refer end users to operators with a Romanian licence.
“We are expanding into another regulated market, where we will be able to utilise the full range of marketing channels available across both the sports and casino verticals. Romania is still a developing market and with good projected underlying growth in the online sector which has accelerated in the last couple of years.“