Groove, a technology-based provider of cutting-edge solutions for the online casinos sector continues its rapid expansion in key iGaming territories. Recognizing LatAm as one of the most rapidly growing markets, the company is looking for ways to deepen its footprint in the region, namely in Brazil.
To familiarize itself with the local market’s tastes and preferences, the forward-thinking developer will attend the SiGMA Americas conference scheduled to take place at the end of the month in Sao Paolo. The event, which is expected to gather over 1,000 operators and 300 exhibitors, will be held in Transamerica Expo Centre.
Attending the event in Brazil are Raphael Barokas, Partnership Manager, and Carolina Diniz Flauzino, Business Development Manager for Latin America. Their main goal is to share insights and explore new business opportunities in this burgeoning market.
By 2027, the regulated iGaming market of Latin America is expected to quadruple in size, which opens numerous business opportunities for software developers and operators interested in setting up business in the region.
As far as the predictions say, the annual revenue is expected to amount to a staggering $6.75bn, which is indeed an impressive figure. The market analysis was conducted by Vixio Regulatory Intelligence, the leading provider of regulatory and business intelligence that successfully cooperates with both the global gambling and payments sectors.
Reflecting on the notable upgrades the company has made to its back-office infrastructure, Yahale Meltzer, COO and co-founder at Groove, said that the opportunity to expand in LatAm will bring notable revenue growth. As one of the most dedicated promoters of innovations, the entire team gathered in Groove is positive that the latest enhancements will have a positive reception among their clients.
Worth adding is that the corporation already collaborates with several LatAm specialists, among which are Vibra Gaming, Onlyplay, BetConnections, Caleta Gaming, and TVBET. The most recent deal was concluded with Costa Rica-headquartered Gaming Art Tech.
Following SiGMA Americas in Brazil, Groove will also exhibit at two more conferences- iGB Live in Amsterdam, Netherlands, and SiGMA Balkans & CIS in Belgrade, Serbia.
Encompassing more than 15,000 casino games, Groove features one of the most massive and highly diversified content portfolios. Comprising slots, online casino and live casino, poker, and table games, as well as crash games, sweepstakes, sportsbook, virtual sports, and lottery, the colossal catalog is available via a single-API integration.
One of the most recent deals was penned with Slotopia, a slot game developer that utilizes Evoplay’s innovative game engine to craft its games. Thanks to that, the portfolio was enriched with fun-filled adventures such as Double Up Wild, Mega Juicer, Ultra Coin Magnetic, Fruit Fantasy 100, Coin Forge, and Green Hat Magic.
Previously, the company teamed up with EGT Interactive, most widely now for its traditional games with innovative features. Also, 3 Oaks Gaming was welcomed to its roster of partners, a multi-licensed provider of engaging slot games. An agreement was signed with GameBeat as well, giving players an opportunity to explore the studio’s collection of visually appealing games with inventive mechanics.
Other business partners the company is aligned with include Habanero, Pragmatic Play, Wazdan, Turbo Games, Tripple Cherry, Triple Edge Studios, Apollo Games, BetSoft, Fresh Deck Studios, Gamzix, Mancala Gaming, and so on.
Source:
“Groove Set to Showcase Innovation at SiGMA Americas 2024”, groovetech.com, April 2024.