Gaming Innovation Group Launches GoldenPark in Portuguese Regulated Online Market

Gaming Innovation Group (GiG) has announced the launch of GoldenPark in the Portuguese regulated online market, marking its second B2B partner brand in Portugal and the first time the GoldenPark brand has been available outside of Spain.

New opportunities

GiG’s platform and sportsbook solutions are designed for highly regulated markets and have been licensed in 30 such markets with 8 more in development.

Portugal’s online gaming market offers significant growth opportunities, with revenue rising by 24.8% YoY to €196.4 million in Q1 2023 across 28 license holders for sports betting and iGaming. The market has a robust regulatory framework and taxation structure, requiring adaptable and configurable solutions for operators to thrive.

Grow in multi-regulated environments

David Bonnefous Saavdera, Commercial Director of GiG, expressed pleasure in expanding GoldenPark’s online operations into Portugal: “I’m pleased that we have been able to help expand GoldenPark’s online operations into Portugal, delivering what we believe to be a product that is adaptable, resilient and perfectly suited to serve the needs of operators in the Iberian peninsula. I’m also proud that GiG’s expertise enables our partners to develop in a multi-regulation business, and gives them the chance to replicate the success they’ve had in their home country”.

José A. Giacomelli, Consejero Delegado of Online Division of MGA, stated that Portuguese regulation poses a major challenge, but the partnership with GiG is a key factor for their success: “Our expansion plans include strong growth in this country and we believe that the platform should help us to achieve this objective”.