Newgioco’s Virtual Generation Expands Latin America Operations
Newgioco Group through its wholly-owned subsidiary Virtual Generation, has entered into an agreement with the HBG group for distribution of its VG virtual games in Central America.
VG has built a solid reputation for producing unique, regionally focused virtual sports games including indigenous virtual games for tribal markets in the U.S. that are currently in development. VG has established distribution channels in Colombia and other countries of Central and South America and we believe is well placed to deliver entertaining, feature-rich virtual sports games once the products are certified for sale through HBG’s AquiJuego® brand based in Colombia which is expected to be completed by the end of 2019.
“We are very pleased to have established a relationship with HBG to distribute our virtual sports portfolio in Central and South America through their regional subsidiaries HBG Latam SAS,” stated Michele (Mike) Ciavarella, Newgioco Chief Executive Officer.
“We believe that the relationship with HBG will be an excellent addition to our current virtual sports retail distribution and expect that the deal may possibly result in a significant growth in our customer base across many borders in South America. Our VG products will be initially distributed through AquiJuego® in Colombia, and we look forward to working with their team on expanding our reach throughout the Americas.”