Posted in Industry August 21, 2019
GiG Gets New Licenses and Enters the Spanish Market
Regardless of the size of companies in the online gambling industry, there is always a new place in the world to visit and, hopefully, conquer. Although it is very common for companies such as Gaming Innovation Group to spread outside Europe, there are always countries on the blue continent waiting for their services. This time we are talking about Spain.
You might think that the web allows everyone to operate anywhere in the world without any issues, and although that is mostly true, there are certain procedures and legislations that operators need to go through before starting to use the power of the Internet. First and foremost, no one wants to take huge risks and even think about entering unregulated markets. Young and small companies might be willing to take that risk, but it is an instant Nope for the big players, simply because gambling is on the borderline or sometimes completely illegal in most countries.
One thing people don’t realise is that the hard work begins once your company starts growing exponentially, simply because you need to increase the amount of work accordingly. Have you ever been wondering why giant companies such as Gaming Innovation Group keep expanding even though they already have hundreds of thousands of happy customers? The answer is — because of the demand and the opportunity.
Every successful business grabs every single opportunity out there regardless of how big it is. The Spanish market isn’t the biggest one in the world when it comes to online gambling, but it’s definitely something that can make GiG a lot of profit, but also make hundreds of thousands of new people happy and entertained.
The Directorate-General for the Regulation of Gambling in Spain awarded both licenses to Gaming Innovation Group, allowing them to operate 100% legally in the country. One good thing coming out of this new deal for GiG is that suppliers and operators agreed to appeal against the penalty fee received by the Spelinspektionen — one of the biggest regulatory bodies in Sweden. The penalty was given directly to Zecure Gaming, one of many Gaming Innovation Group subsidiaries, because they accepted underage members. We don’t know the details, but GiG disagrees with the conclusion and the final decision of receiving a £300,000 penalty.
Starting With Rizk Casino
Once operators get a permit to freely operate in a certain market, it is important to choose the right software provider and the best online casino website to present your brand. Gaming Innovation Group decided to go with Rizk which is definitely their most successful casino.
Let’s talk about Rizk for a little bit. The company was founded in 2016 as a subsidiary of GiG, which allowed them to penetrate markets all over the world with ease. High withdrawal limits, fast transactions, no manual flushing, multiple languages, various accepted currencies and generous bonuses are only a couple of reasons why Rizk is their most popular casino.
You can use MasterCard, Visa, Neteller, and Skrill services to make deposits, and get paid out through Bank Wire Transfer, Visa, Neteller, and Skrill. We can recommend any e-Wallet available, not just for Rizk but also for any other casino, as that’s usually the fastest way to get your transactions through. E-Wallet withdrawals take up to an hour to process but are instant in most cases.
You don’t have to worry about finding the perfect game on Rizk Casino, as they are supplied by some of the biggest software providers in the industry:
You can request withdrawals and make deposits using Euros, Swedish krona, Norwegian kroner, or US dollars. The casino itself holds three reputable licenses issued by the Malta Gaming Authority, the UK Gambling Commission, and the Swedish Gambling Authority, so fair play and legality is something you don’t need to worry about.
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!
What to Expect From GiG in the Future?
They are currently operating successfully across Malta, Schleswig-Holstein (a German state), Latvia, Sweden, and the United Kingdom, and are about to start doing so in Spain as well. The Chief Executive at Gaming Innovation Group, Robin Reed, expressed his excitement in a public statement saying how delighted he was to share their business-to-business and business-to-customer solutions and products through Rizk all across Spain.
As the gambling market grows approximately 20% a year, while only 12% of all gambling is done online, this is a clear opportunity not only for GiG but also for any other company that’s already been doing good in the industry. One thing we are all looking forward to is seeing Gaming Innovation Group overseas, hopefully in the United States, Canada, Australia, Asia, Africa, and South America. The legislation in the United States regarding online gambling is slowly settling down and coming to consensus, so the US players have already been preparing for their online gambling sessions, hopefully with a great company such as GiG.