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AICEP
Agência para o Investimento e Comércio Externo de Portugal

CABEÇALHO

Gaming Innovation Group Inc. (GiG) has signed an agreement with a brand new partner Caravel Entertainment Limited (Caravel), best known for operating the ‘Moosh’ brand in Portugal, to provide its award winning sportsbook and platform.

The deal, which represents a continued strengthening of GiG’s targeted strategy in fast growing regulated markets, will see Caravel shift from its existing technology to GiG’s for the moosh.pt site, and as such will provide immediate revenue opportunities from what is an existing database migration, scheduled to take place during Q4 2022.

The agreement has been signed between GiG’s subsidiary Sportnco Gaming and Caravel for an initial period of three years, that could be further renewed for additional periods.

The Portuguese market has demonstrated high growth across both sports betting and casino, with an annual growth in 2021 of 32% and 30% respectively (H2 data), providing evidence of its commercial potential. GiG has extensive knowledge and experience in delivering complex and highly regulated markets successfully, this being their third Portuguese client alone, fueling the momentum that is making them a trusted partner for operators like Caravel, who are looking to migrate platforms or launch in such markets.

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