Online casino content supplier SYNOT Games has obtained two new licenses over the past few days that will enable it to expand across new regulated markets. The company announced that it would soon extend its regulated footprint to Denmark and Portugal.
In a press release issued Tuesday on its official website, the provider said that it has recently been granted a license by the Danish Gambling Authority and that it is now ready to debut its gaming titles in the Scandinavian nation through existing and new operators.
Headquartered in Malta, SYNOT holds a license by the local Gaming Authority as well as from the competent regulators of a number of regulated markets across Europe, including Spain, Italy, the UK, and Sweden. Its games portfolio includes 40 games which are available in 24 languages and have been rolled out across more than 70 casinos.
Commenting on their upcoming entry into the Danish online gambling market, SYNOT’s CEO, Ivan Kodaj, said that they are “happy to strengthen our market position in Scandinavia” and with the great potential they see in Denmark’s soaring market, they are “excited to add another flag on our success map.”
News about SYNOT’s Danish expansion came shortly after the company announced that it would extend its footprint in certain European markets with the recent integration of its content into the operations of online gambling brands NetBet and 777. The integration was powered by iSoftBet’s Game Aggregation Platform and saw SYNOT’s games first go live on NetBet’s .com website and 777’s Belgian website.
Subsequent phases of the partnership between the provider and the operators would see SYNOT’s titles go live in Romania, Spain, and other regulated markets with the two brands.
SYNOT Boasts Portuguese Expansion
SYNOT said on Wednesday that it has also received a license from Portugal’s online gambling regulator SRIJ. The recently obtained certification has paved the way for the company to launch its content in that market with some of its leading operators.
News about SYNOT’s Portuguese expansion effort arrive as the casino games supplier is gearing up for further extending its geographical footprint across South European markets in the coming weeks and months.
Of their entry into Portugal, Mr. Kodaj said that the country is another significant destination for his company and marks its debut to the Iberian Peninsula. The executive went on to say that their license from SRIJ underlines their commitment to further focus on regulated markets and that they believe their titles will prove to be extremely popular with Portuguese gambling customers.
Portugal’s regulated gambling market soared to record highs during the first quarter of the year, according to the latest revenue figures released by SRIJ. Locally licensed operators generated revenue of €47.3 million during the three months to March 31, marking the best quarter for the nation’s online gambling market since the first license under its new law was issued in May 2016.
The quarterly revenue total represented a 43.8% increase from the same quarter a year ago. Sports betting accounted for the bulk of Q1’s gambling revenue with €24.8 million, up 42.5% year-on-year. Revenue from online casino games, including online poker, rose nearly 46% to €22.6 million.
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