The online casino expert signed a joint venture with Estoril Sol the Portuguese branch of the Stanley Ho’s Group.
Portugal.- GAMING1, member of Ardent Group closed a joint venture deal with Estoril Sol, the Portuguese branch of the Stanley Ho’s Group that runs the biggest European Casinos in Estoril, Lisboa and Póvoa. The Estoril Sol Group currently owns three casinos in Portugal which covers over 64 percent of the land-based casino market in the country.
This joint venture resulted in EstorilSolCasinos.pt, which is now live and has become the first licensed website to offer legal online casino in Portugal. Both parties own 50% of EstorilSolCasinos.pt and bring their particular assets into the gaming table. The site is available on mobile and desktop and launches with solely GAMING1 content which include 15 video slots, two roulettes and one blackjack game. In the upcoming weeks, more content will be added on the website.
“The creation of this joint venture demonstrates GAMING1’s strength as an all-round partner, not just a provider,” said Sylvain Boniver, CEO of GAMING1.“We are passionate about partnering with land-based operators who want to put their business online, as this really is part of our DNA and what makes us stand out from the rest of the industry. Thanks to our partnership model, the Estoril Sol Group benefits from the extensive expertise and involvement of the entire GAMING1 team. It’s a very proud moment for us to launch the first licensed website to offer legal online casino in Portugal and together we hold all the aces to move forward in this exciting market.”
“We’ve been very impressed with GAMING1’s products and services and we’re really excited to be launching this joint venture with them,” added Vieira Coelho, Executive Director for Estoril Sol. “We like to enter into partnerships with companies and GAMING1 are the perfect partner for us to really target the Portuguese online casino market.”