Gaming Innovation Group Inc. (GiG), has signed a head of terms agreement with a
Tier 1 retail operator in the UK for the provision of its turnkey managed
service solutions. The turnkey solution, powered by its leading technology and
flexible architecture, includes the technical platform, fully managed services,
gaming content, frontend development, CRM, compliance and marketing, all powered
by GiG's unique data and GiG Logic rules based solutions.
GiG will provide its fully managed solution to operate the online casino as
phase one with expansion into further verticals planned for the second phase of
the partnership. Through GiG's full turnkey managed service solution, the
complexity of digitally transforming the retail business online is greatly
reduced, whilst at the same time, reducing the operator's cost of entry.
It is anticipated that the full contract will be signed during May or June and
will be for an inital fixed period of 3 years with go-live projected to be in
the second half of 2022 with an expected positive contribution from Q4 2022
onwards. The UK's online casino market is one of the largest globally, both
parties are excited to attack the market with force with a strong retail brand,
quality of product with focus on user experience, retail to online conversion
and the highest standards of responsible gaming and customer support.
Richard Brown, CEO of GiG, said: "I am extremely excited to partner with a
prominent operator within the land based industry that shares our values on
responsible gaming, CSR and passion about the power embracing digital
transformation. We see great potential in the UK, particularly when we can
harness 'brand equity' and the retail footprint that the partner holds with our
omni-channel solutions. We look forward to working closely with their team to
maximise their potential through a successful digital transformation and
anticipate this to become a significant and high value client for GiG. This type
of deal is directly in our 'wheelhouse', helping land-based operators digitally
transform and showcase our product in the UK market".
For more information,contact:
Richard Brown, CEO GiG, richard.brown@gig.com, +34 661599025
About Gaming Innovation Group (GiG)
Gaming Innovation Group is a leading iGaming technology company, providing
solutions, products and services to iGaming Operators. Founded in 2012, Gaming
Innovation Group's vision is 'To be the industry-leading platform, sportsbook
and media provider delivering world-class solutions to our iGaming partners and
their customers. GiG's mission is to drive sustainable growth and profitability
of our partners through product innovation, scalable technology and quality of
service. Gaming Innovation Group operates out of Malta and is dual-listed on the
Oslo Stock Exchange under the ticker symbol GIG and on Nasdaq Stockholm under
the ticker symbol GIGSEK. www.gig.com
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