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Angel Hristov December 19, 2023 3 min read
TG Lab Forays into Colombia, Powers Stake’s Local Operations
TG Labs has big plans for Latin America, hoping to become the go-to platform provider for operators in the region
TG Lab, a cutting-edge platform provider, has teamed up with crypto gambling giant Stake, allowing it to enter Colombia’s regulated gambling market. The launch comes after Stake secured the necessary license and regulatory approvals earlier this year.
Stake set up its debut in debut in Colombia by acquiring Betfair Colombia back in November. The former company leveraged Betfair Colombia’s existing infrastructure to jumpstart its business in the Latin American country.
TG Lab, on the other hand, has been eyeing the LATAM market for a while and is finally capitalizing on a partnership with a leading operator to make its entry into the region. The provider believes that the crypto casino powerhouse is the perfect partner for its local ambitions.
TG Lab will further support Stake, providing it with its proprietary agile, modular and scalable iGaming and sportsbook platform. In addition to that, the supplier will arm the casino operator with its customizable front-end solution and bespoke native mobile app.
The deal will greatly bolster Stake’s presence in the country, allowing it to offer superior experiences through its Stake.com.co brand. This aligns with the operator’s ambition to become the leading brand in Colombia within its first two years of operation in the country.
TG Lab Is Excited to Enter Latin America with a Tier One Partner
Stake’s chief strategy officer, Brais Pena, commented on the partnership with TG Lab, saying that it reflects his team’s goal to expand in key markets and quickly establish a strong online casino and sports betting experience.
In TG Lab we have a proven platform and app provider that knows exactly what it takes to deliver a compelling player experience. This, combined with our brand, puts us on a sure path to success in Colombia.Brais Pena, CSO, Stake
Ugnius Simelionis TG Lab’s chief executive officer, also commented on the matter, expressing his team’s excitement about the partnership with one of the largest gaming operators in the world.
With our technology powering its online casino and sportsbook and mobile app, and its position as a leading brand, Stake has what it takes to become a true market leader in Colombia and we are delighted to be playing a part in its journey.Ugnius Simelionis, CEO, TG Lab
Simelionis added that his team has big plans for Latin America, hoping to become the go-to platform provider for operators in the region. TG Lab also plans to establish a dedicated LATAM office in the future.