Gaming Innovation Group Inc. (GiG) has today signed an agreement with new
strategic partner Kings Media Ltd, best known for operating the 'King Billy'
casino brand across .com markets, marking its arrival into the newly regulated
Ontario province in Canada.
The deal will see GiG provide its award winning platform and represents a
continued strengthening of a targeted strategy to leverage GiG's extensive
experience in fast growing, complex regulated jurisdictions. The partnership is
also notable as Kings Media's first venture into North American markets,
affirming GiG's assertion that its platform and solutions are perfectly suited
for similar online challengers keen to access and expand into regulated regions.
The agreement has been signed for an initial three-year period with the
opportunity to be further renewed. It is expected that, with decades of
operational experience, the team from Kings Media will be able to call on their
significant understanding within the Casino industry, helping to successfully
launch and power the brand towards growth in Ontario.
The Canadian province of Ontario opened for iGaming as recently as April 2022
and is expected to grow to Euro 2bn in gross gaming revenue (GGR) over the next
three years, according to H2 Gambling Data. This will be the second deal in
Ontario for GiG, with an existing customer expected to launch this quarter, with
King Media expected to go live in H1 2023.
Volodymyr Harkusha, CEO of Kings Media Ltd, said: "In our quest to expand to the
exponentially competitive Ontario market, we were looking for an industry
-leading, future-ready partner. GiG fit the bill perfectly, not only by ticking
and double-ticking all the boxes, but also by impressing us with their clear
vision and dedication to the project. We are looking forward to working together
with GiG on the mutual challenges ahead and we are certain that this
collaboration will enable us to gain a significant foothold in the Ontario
market."
Richard Brown, CEO of GiG, said: "I am particularly delighted to partner with
Kings Media, a prominent online casino operator and brand with a great deal of
experience, who share our values around personalisation, responsible gaming and
the importance of regulated markets. We see great potential in Ontario,
particularly when we can harness the operational experience of operators like
Kings Media. We look forward to working closer with the team to maximise
potential through a successful launch into the market, and anticipate this to
become a successful client for GiG."
For more information:
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
About Kings Media
Kings Media is the parent company of King Billy Casino, one of the fastest
growing and most awarded online operators in the world. King Billy, launched in
2017, has had more than 20 awards and distinctions in its 5-year history,
including AskGamblers Best New Casino, AskGamblers Best Casino, iGB Awards Best
Affiliate Program and several short-lists for its customer services and
marketing campaigns. The casino, which is available in 4 languages (English,
French, German and Japanese), has created a superb user experience around the
myth of King Billy and his Kingdom and treats all its players with the respect
and attention they deserve. King Billy's motto: "Play Long & Prosper!".
This information was distributed by Oslo Børs https://www.oslobors.no/