Interactive
Argentina – GiG set to enter Buenos Aires online market following Grupo Slots agreement
By Lewis - 10 November 2020
GiG has announced it had signed a heads of terms agreement with Grupo Slots to enter the regulated City of Buenos Aires online gaming market.
GiG 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, and is based on a revenue share model in combination with set up fees.
Grupo Slots is headquartered in San Luis, Argentina, providing entertainment and leisure services in more than 20 locations across Argentina, where it operates casinos, gambling & bingo halls, lottery, and the online gaming website Jugadon in addition to hotels, restaurants and convention centres.
Argentina is regulating online gambling on a province by province basis, and Grupo Slots is in the process of obtaining a licence for Buenos Aires City, anticipated to be the largest market within Argentina. The licence is expected to be granted in early 2021 and will go live in Q1 2021.
