November 03, 2014

Synot Group targets Spanish gambling market

Czech Republic licensed lottery and gambling group, Synot has announced its expansion into the Spanish gambling market. Synot Group will launch its Spanish gaming initiatives under the name Synot Gaming Spain SL.

Synot Gaming Spain will look to offer video lottery and gambling terminals to local gambling providers. Synot have chosen to enter the market, as Spanish gambling regulators allow for new gaming provision contracts to be permitted by Spain’s governing provinces.

Synot Group senior management confirmed that it would look to quickly establish set up Gaming Spain, and establish working partnerships with regional gambling operators. Synot Gaming Spain will look to become a market leader in gaming provisions for the region.

Neophytos Neophytou, Director of Synot International, said: “Spain means to us a great perspective. Local market is now opening to video lottery terminals that enable thorough and transparent supervision of bets, wins and revenues by the state supervisory authorities.

At present Spain has seventeen self-regulated provinces, each of which serves its own individual lottery and gaming legislations.

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