Stretch Network, a leading iGaming provider, is set to expand its operations into Portugal, marking a significant milestone in the company’s growth strategy. The move comes as the Portuguese iGaming market continues to experience rapid growth, with a surge in player numbers and revenue in recent years.
Stretch Network, known for its innovative online gaming solutions and cutting-edge technology, has been eyeing the Portuguese market for some time now. With the country’s regulatory framework becoming more favorable towards online gambling, the timing couldn’t be better for the company to make its foray into this lucrative market.
The expansion into Portugal is part of Stretch Network’s broader strategy to establish a strong presence in key European markets. The company already has a formidable presence in several European countries, including Spain, Italy, and the UK. The move into Portugal is a natural progression for Stretch Network as it seeks to capitalize on the growing popularity of online gambling in the region.
“We are thrilled to announce our entry into the Portuguese market,” said John Smith, CEO of Stretch Network. “Portugal is a key market for us, and we see tremendous potential for growth here. With our cutting-edge technology and commitment to delivering the best possible gaming experience, we are confident that we will be able to establish a strong foothold in Portugal and attract a large number of players to our platform.”
Stretch Network’s entry into Portugal comes at a time when the iGaming industry in the country is experiencing significant growth. According to recent reports, the Portuguese iGaming market generated revenue of over €150 million in 2020, up from €100 million in 2019. With a growing number of players turning to online gambling as a form of entertainment, the market is expected to continue its upward trajectory in the coming years.
In addition to expanding its operations into Portugal, Stretch Network is also focused on enhancing its product offering and strengthening its partnerships with leading gaming operators in the country. The company is known for its diverse portfolio of games, including slots, table games, and live dealer games, all of which are designed to cater to a wide range of player preferences.
“We are committed to providing our customers with the best possible gaming experience, and our expansion into Portugal is a testament to that commitment,” said Smith. “We look forward to working closely with our partners in Portugal to bring our innovative products and services to a new audience of players. With our strong track record of success in other European markets, we are confident that we will be able to replicate that success in Portugal.”
As Stretch Network prepares to launch its operations in Portugal, players can expect to see an exciting range of games and promotions on offer. With its focus on delivering the ultimate gaming experience, the company is poised to make a significant impact on the Portuguese iGaming market and cement its position as a leading provider in the region.