Newgioco Group, Inc. (“Newgioco” or the “Company”) (NASDAQ:NWGI), a global sports betting and interactive gaming technology company providing fully integrated, omni-channel sports betting software solutions, is pleased to announce that its wholly owned subsidiary Virtual Generation Limited (“VG”) becomes the first certified provider of online virtual games in Colombia.
Colombia's national gaming authority Coljuego has approved the use of VG products for online distribution through PC, tablet and mobile applications. This authorization allows VG’s partner operators including the previously announced agreement with aquijuego.co to begin offering virtual games online throughout Colombia effective immediately.
The Company’s newly formed team in Colombia was able to stay on schedule to accomplish this challenging objective during incredibly difficult work from home restrictions demonstrating the Company’s go-to-market speed and team dedication. VG’s products offer many advantages including high-definition pre-recorded real sports events built on our cost-effective betting engine.
“Colombia remains at the forefront of online i-gaming and sports betting regulation in Latin American countries. Reaching this regulatory accomplishment in such a short period of time is made even more rewarding considering the ongoing logistical challenges due to the global health and economic crisis,” stated Michele (Mike) Ciavarella, Newgioco Chief Executive Officer. “The temporary suspension of live sports has drawn appeal and captivation with the unique features virtual gaming and esports. Virtual sports impart characteristics of live competitions and bring the sensations and emotions that would be experienced in live events down to the most minute detail. We continue to strive to provide entertaining, feature-rich products and caring customer service during this sensitive time and are very proud of all of our teams accomplishments.”