Posted in Industry August 21, 2019
GiG Gets New Licenses and Enters the Spanish Market
Regardless of their size, online gambling companies are always searching for new markets to enter and conquer. Although Gaming Innovation Group and other companies usually expand outside of Europe, there are always countries within the continent requiring their services. Spain is the most recent market destination for GiG.
Even though the internet allows for companies to operate globally, there are certain procedures and regulations that operators must comply with before utilizing its power. Legal means of operation are necessary, and regulated markets are a priority for companies. It’s not uncommon for small firms to consider taking risks on unregulated markets, but big players, like GiG, refuse to take risks due to the illegal status of gambling in most countries.
Steady Growth
A company’s hard work truly starts once it begins to experience exponential growth because it requires an increased amount of effort to maintain their position. So, why do companies such as Gaming Innovation Group continue expanding exponentially, even though they have hundreds of thousands of satisfied customers? The reason is opportunity.
Every successful business seizes any chance to grow, regardless of how vast it might be. Although the Spanish online gambling market isn’t the largest globally, it will undoubtedly generate substantial earnings for GiG while entertaining hundreds of thousands of new players.
The Spanish Directorate-General for the Regulation of Gambling granted Gaming Innovation Group both licenses required to operate within the country legally. One positive aspect of GiG’s new deal is that suppliers and operators agreed to appeal against the penalty fee Spelinspektionen – one of the biggest regulatory bodies in Sweden – imposed on Zecure Gaming, one of GiG’s many subsidiaries, who accepted underage players. Although the reason for the regulatory decision and the £300,000 penalty remains unknown, GiG rejected the conclusion.
First Steps with Rizk Casino
After an operator has obtained the necessary permits to operate within a specific market, selecting the best software provider and the most fitting online casino website to represent their brand is critical. Gaming Innovation Group chose the most profitable casino, Rizk, to represent them.
Founded in 2016 as a subsidiary of GiG, Rizk has enabled the company to penetrate globally with ease. The casino boasts high withdrawal limits, immediate transactions, multiple languages, various accepted currencies, and generous bonuses that make it the most successful gaming website of GiG. Users can use MasterCard, Visa, Neteller, and Skrill services to deposit and withdraw their earnings and expect instant payouts for e-Wallet services.
Players at Rizk Casino never struggle to find their ideal game, as it hosts some of the industry’s largest software providers:
- Microgaming
- NetEnt
- Play’n GO
- NextGen Gaming
- Quickspin
- Yggdrasil Gaming
- Thunderkick
- Red Tiger Gaming
Euros, Swedish krona, Norwegian kroner, and US dollars are the accepted currencies for withdrawals and deposits on the platform. Rizk casino operates under three reputable licenses from the Malta Gaming Authority, the UK Gambling Commission, and the Swedish Gambling Authority to guarantee fairness 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
What Lies Ahead for GiG?
GiG currently operates successfully within Malta, Schleswig-Holstein (a German state), Latvia, Sweden, and the United Kingdom, and is on the verge of launching operations in Spain. The Chief Executive at Gaming Innovation Group, Robin Reed, expressed excitement through a public statement, sharing his delight in spreading their business-to-business and business-to-customer solutions and products through Rizk all across Spain.
GiG defines its expansion into the Spanish market as an opportunity, and it is indeed so. The online gambling market grows approximately 20% yearly, yet only 12% of all gambling activities occur online. The future is bright for Gaming Innovation Group and any other companies leading the online gambling industry. Online gambling is becoming more acceptable in the US due to evolving legislation; thus, GiG has an edge to enter the US market and dominate it.
