Gaming Innovation Group signs its first long-term agreement in Asia with Bloomberry Resorts to boost online gaming offerings in the Philippines.
European B2B iGaming technology provider Gaming Innovation Group (GiG) has officially expanded into Asia through a strategic contract with Bloomberry Resorts in the Philippines. Bloomberry operates Solaire Resort & Casino in Manila, and this partnership is expected to further modernize and enhance Solaire's online gaming operations.
As part of the long-term agreement, Bloomberry and its flagship Solaire brand will utilize GiG’s iGaming platform, CoreX, which is known for its scalability and flexibility in managing online gaming operations. In addition, the partnership will provide Bloomberry with access to GiG’s AI-powered tools, LogicX and DataX, which are designed to optimize player engagement and data analytics. This collaboration aims to strengthen Solaire's online gaming presence and drive growth in the rapidly expanding Philippine market.
This aligns with GiG's growth strategy as it explores opportunities in the fast-developing online gaming sector across Asia.
Richard Carter, CEO of GiG, expressed enthusiasm about this significant expansion, highlighting the vast potential in the Philippine market. "This is a landmark moment for GiG as we enter the Asian iGaming market for the first time and continue to deliver on our strategic objectives, enlarging our total addressable market. Our experience in delivering cutting-edge iGaming solutions in evolving regulatory environments, together with Bloomberry's established market presence, means GiG is poised to take full advantage of the region's growing online gaming sector," said Carter in a statement released by GiG.
The partnership also aligns with the Philippines' goal to be a leader in regulated online gaming across the region. By introducing its innovative solutions, GiG aims to improve the player experience at Solaire's online platform, reinforcing Bloomberry's position in the competitive landscape of Asian gaming.
With the Philippines being a rapidly growing market for online gaming, GiG's entry highlights its commitment supporting regulated gaming environments while advancing Bloomberry's digital transformation. This collaboration could pave the way for further partnerships in Asia as the region's demand for online gaming continues to grow.
The Philippine online gambling market is projected to reach a revenue of around $680 million by the end of 2024, with a steady growth rate (CAGR) of approximately 4.94% expected from 2024 to 2029. According to Statista, the market is expected to grow to $865.6 million by 2029, driven by increasing user engagement and digital transformation in the gambling space.
Comentários