Gaming Innovation Group Inc (GiG) has signed its final agreement with Argentine gaming and entertainment firm Grupo Slots LOTBA SE to enter the regulated City of Buenos Aires’ online gaming market.
In a process that began back in August, GiG has announced it has signed the final agreement with Grupo Slots for a full online turnkey solution, which includes the technical igaming platform, sportsbook, front-end development, GiG’s data platform & GiG Logic.
The minimum contract period is four years with an automatic extension for one additional year, based on a revenue share model in combination with set up fees.
Headquartered in San Luis, Grupo Slots provides entertainment and leisure services in more than 20 locations across Argentina, where it operates casinos, gambling and bingo halls, lottery, and also the online gaming website Jugadon.com in addition to hotels, restaurants and convention centers.
Argentina is regulating online gambling on a province by province basis. Grupo Slots is in the process of obtaining a license for Buenos Aires City, which is anticipated to be the largest market within Argentina. The license is expected to be granted in early 2021, going live in Q1 2021.