betting | The Malta Business Weekly https://maltabusinessweekly.com A New Voice for Business in Malta Tue, 13 Aug 2019 08:38:54 +0000 en-GB hourly 1 https://wordpress.org/?v=5.8 https://maltabusinessweekly.com/wp-content/uploads/2020/04/bw-favicon.svg betting | The Malta Business Weekly https://maltabusinessweekly.com 32 32 159130352 Aspire Global partners with NEG Group for the relaunch of Digibet https://maltabusinessweekly.com/aspire-global-partners-with-neg-group-for-the-relaunch-of-digibet/2890/ Tue, 14 May 2019 11:00:03 +0000 https://maltabusinessweekly.com/?p=2890 Aspire Global partnered up with NEG Group Ltd for the relaunch of Digibet in several European markets including Germany.

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]]> Malta-licensed iGaming firm Aspire Global partnered up with NEG Group Ltd for the relaunch of Digibet in several European markets including Germany, according to a press statement. Aspire Global will be acquiring shares in NEG Group Limited for up to €2m, which will be used for the marketing of the brand in time for the UEFA 2020.

Digibet will be offering a regulated gaming experience focusing on sports betting, the press statement says. The brand, initially operating on another platform, will be relaunched on Aspire Global’s platform by H2 2019.

Through the acquisition of shares, Aspire Global will invest up to €2m for strengthening the relaunch of the brand, while NEG Group will be responsible for marketing activities, bringing valuable expertise related to the key markets and acquisition channels.

“We look forward to materialising the potential of the Digibet brand together with NEG Group. We see great opportunities for the relaunch coming with the strong brand-awareness, the upcoming UEFA euro 2020 tournament and the preapproved German licence”, said Tsachi Maimon, the CEO of Aspire Global.

“Aspire Global provides the optimal platform, ensuring a successful relaunch of the Digibet brand. Aspire Global offers a first class platform, both when it comes to the technical solution and the team behind it, as well as a safe and entertaining experience for our audience”, said Alexander Zucker, Director at NEG Group.

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]]> 2890 GiG eyes expansion into Spanish market in H2 https://maltabusinessweekly.com/gig-expansion-spanish-market-2019/287/ Mon, 04 Feb 2019 12:11:51 +0000 https://maltabusinessweekly.com/?p=287 Soon after Spain announced cuts in its online gaming levy, Gaming Innovation Group announces to cast eyes on the Spanish market, planning expansion.

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]]> Gaming Innovation Group Inc (GiG) applied for an online B2C casino and sports betting licence in Spain as part of its expansion in regulated markets, according to a press release GiG published in mid-December. The move comes soon after Spain approved a remarkable tax cut of 5% for iGaming operator revenues. GiG appears to go as a contender of LeoVegas with similar plans.

As part of its licensing process, the company aims to certify its B2B technical platform and offer its services and solutions to external licensed operators in the Spanish market, according to the press release. The company is entering the Spanish market with both its B2C and B2B activities and is set to launch operations in the second half of the year.

Spain started regulating online gambling on a national level in 2011. Total Gross Gaming Revenue in Spain in 2017 was approximately $10bn, of which online gambling was 10%. Forecasts expect this to rise to more than 15% by 2023, the press release notes based on H2 Gambling Capital data, which is one of the gambling industry’s leading providers of data and analyses.

GiG’s announcement comes on time very shortly after a cut in gross gaming revenue from 25% to 20% has been approved by the Spanish government. Competition on the market might be quite harsh in 2019, as LeoVegas has recently announced similar plans.

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