GiG pens new deals in Portugal and Spain

Under the deals, GiG subsidiary Sportnco will sign with Caravel Entertainment Limited in Portugal – which operates online casino brand Moosh – and an unnamed online operator in Spain.

GiG acquired Sportnco in April of this year, in a deal worth €51.3m (£43.2m/$56.7m).

Caravel will then use the Sportnco sportsbook for the Moosh.pt website.

“We are very proud to sign this contract with Moosh, a new GiG customer in the demanding and attractive Portuguese market,” said Hervé Schlosser, managing director of Sportnco. “Moosh.pt has great ambitions domestically and there is no doubt that we are perfectly positioned to be able to respond positively to the new dynamics of this growing Portuguese operator.”

Martin Bengtsson, CEO at Moosh.pt, said that the deal will allow the operator to upgrade its sportsbook offering.

“It has been a long process to find the right partner for us, which we have found in the sportsbook and platform provider GiG,” said Bengtsson.

“Their Sportnco subsidiary is well known for their top-notch sportsbook offering so this partnership offers a strong support for our business, and we are convinced our players will appreciate the new updated sportsbook when we go live.”

In Spain, GiG will support the unnamed operator’s expansion to online gaming, which is set to take place by the end of 2022. The operator currently has 27 game rooms as part of its retail activity, and will be GiG’s 13th partner in Spain.

Both deals have been signed for an initial period of three years. The agreement in Portugal has the option to be renewed for additional periods, while the agreement in Spain could be renewed by one further year.

“We’re delighted to be teaming up with this new partner to help them utilise their existing retail brand and move into online gaming,” said Schlosser.

“This new deal is fully in line with our strategy to focus on fast growing regulated markets, and also bring our expertise to a large number of clients in every market we are.”