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Gaming Innovation Group

Gaming Innovation Group

GIG: Gaming Innovation Group signs a head of terms agreement with Crab Sports in Maryland

08:00 / 7 June 2022 Gaming Innovation Group Press release

Gaming Innovation Group Inc. (GiG), has signed a head of terms agreement with US
based sports betting brand, Crab Sports, to provide its award winning Platform
and Sportsbook solution in Maryland. This is the first deal in the US for the
new and greatly expanded offering of GiG and Sportnco, and provides an example
of the exciting potential of the combined product offering.

Powered by its leading technology and flexible architecture, this turnkey
solution includes the technical platform, CMS and the recently acquired Sportnco
Sportsbook, all powered by GiG's unique data and GiG Logic rules based

Crab Sports' excellent leadership team will leverage over 20 years' experience
in online gaming to launch and drive their locally focused brand. Utilising
their deep understanding of the market, the team intends to build a compelling
experience and brand that will resonate strongly with customers in Maryland,

It is anticipated that the full contract will be signed in the next few months,
with go live projected to be in H2 2022. As a result, GiG expects a positive
contribution from Q4 2022 onwards.

Maryland's sports betting market is anticipated to generate $217m of revenue in
the first year alone. Both GiG and Crab Sports are excited to enter the market
as an aggressive challenger with a differentiated strategy. Combining a strong
locally recognized brand with a quality product focused on user experience,
conversion, retention, and the highest standards of responsible gaming and
customer support, both Crab Sports and GiG are highly optimistic for the future
of the partnership.

Richard Brown, CEO of GiG, said: "I am delighted to have partnered with Crab
Sports. We see great potential in the Crab Sports excellent team and local
approach and we see great potential in Maryland. We look forward to working
closely with the Crab Sports team to maximise their potential through a
successful launch. This is a proud moment for us and highlights the faith we
have in the synergies between GiG and Sportnco. This type of deal is directly in
our 'wheelhouse', helping challenger brands drive value and enter newly
regulated markets,  showcasing our product in the 'soon to be' open Maryland

For more information,contact:
Richard Brown, CEO GiG,, +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.

About Crab Sports
Founded in 2021, Crab Sports is a start-up mobile sportsbook operator which will
operate in Maryland, USA. The company's vision is to give its customers in
Maryland a differentiated, truly 'local' experience which offers them a
compelling value proposition over and above the nationally recognised
sportsbooks. Crab Sports' distinctive branding, partnerships with local hero
businesses, and 100% in-state operations will ensure that it gives customers the
best possible sports betting experience in the market.
Oslo Børs

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