Yggdrasil GVC, the multinational online sports betting and gaming group has a strong presence in Spain, especially with consumer-facing brand Bwin. Making an agreement with superior game maker Yggdrasil, together will take a part in online gaming market in Spain late this year in Q2.
Since 2015, the Spanish online gaming market offered new product for the game consumers, named - slots and enjoyed growth in recent years.
Yggdrasil, as one of the most respected developers and providers of online casino games, supported by GVC operator, will be able to offer his products to the Spanish game consumers.
Yggdrasil Gaming CEO, Fredrik Elmqvist stated : “Spain has quickly emerged as one of Europe’s fastest-growing and exciting jurisdictions, making it a perfect environment for Yggdrasil’s award-winning slots and promotional tools.
In reference to financial reviews and figures for 2017, Spain online gaming revenue increase of 38% in the last quarter. The last three months of 2017 generate revenue of 173.3m Euros, 38% more than the same period from the previous year. Also, the fourth quarter of the year has 23,5% financial growth than the third quarter.”
Furthermore, Frederik commented: “To enter Spain with GVC, a long-time partner across multiple jurisdictions, will ensure our games are enjoyed by slots fans across the country. Following recent entries into Denmark and Italy, it also underlines Yggdrasil’s commitment to expanding its footprint in Europe’s regulated markets. “
Andy Whitworth, GVC’s Head of Content and Commercial added: “Our aim is to offer content from our best suppliers in all of our markets. Yggdrasil’s slots have already proved to be hugely popular with our players elsewhere, so we are delighted to be the first operator to bring that award-winning content to Spain.”
From the other side, Yddgrasil announced revenue increase of 61% to MSEK51.2m, only for the last quarter of the year, and the financial figures for the full year show a revenue increase of 95% to MSEK169.1m.
Yggdrasil had very successful and exciting year as a developer, launched 11 network games and signed 40 new license agreements. Cause the regional l requirements and entering the Italian market, Spanish market imposed itself.
Fredrik Elmqvist further commented: “During Q4 we saw an increase in customers in Italy, and the signing of new and existing customers for another new regulated market for Yggdrasil, Denmark. Our first customers went live in Denmark in February, and we will do a full launch in the country in Q2.”
Finally adding: “It has been a remarkable 12 months, but I am even more excited about the possibilities and opportunities that lay ahead in 2018. We have a world-class team, an industry-leading product set and the best customers in the business, and we will be building upon this throughout the year and beyond.”