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Gaming Innovation Group

Gaming Innovation Group

GIG: Gaming Innovation Group signs platform deal with Palasino

08:00 / 11 April 2023 Gaming Innovation Group Press release

Gaming Innovation Group Inc. (GiG), has today completed its full agreement with
Palasino Malta Ltd (PML), part of Trans World Hotels & Entertainment a.s. (TWHE)
, following a head of terms announced on 24 January.

The partnership will see GiG provide its award winning player account management
platform (PAM), front-end delivery and content management system (CMS), powering
the online entry of TWHE's traditional retail business through and
providing opportunities within multiple international established and emerging
online markets.

The announcement marks the ninth traditional retail operator choosing to partner
with GiG to digitally transform their business and add an additional online
revenue stream to their retail portfolio.

TWHE, who have operated for over 25 years in the retail casino industry, was
acquired by the Hong Kong based international development specialist Far East
Consortium (FEC) in 2018. Operating a range of casinos and boutique hotels
across Europe, the group, which has interests in Germany, Czech Republic and
Austria have pursued plans to expand operations, elevating its status as a
premier brand in the European gaming and hospitality markets.

Overall European online growth of regulated GGR is projected to climb at an
annual rate of 7.6 percent to Euro 37.3bn by 2026, according to forecasts from
Gambling Compliance.

As a leading iGaming platform and sportsbook provider, GiG has built a strong
reputation with land-based operators looking to expand on their digital
aspirations. Specifically designed to provide a flexible, localised and
personalised solution, tailored to the needs of individual operators in complex
markets, GiGs platform boasts an expansive global footprint that currently
covers 29 regulated markets, and a further 8 in the pipeline.

The agreement is signed for an initial period of five years, and is expected to
be live during H1 2023.

Marcel Elfersy, CCO of GiG, said: "We're really pleased to have the ink dry on
this deal with Palasino, seeing a wealth of opportunity in the partnership for
both businesses to expand into. We're continuing to see growth in the online
gaming space across the industry, with the brand equity of experienced retail
brands gelled with specialised third party technology such as ours, positioned
well to establish a strong foothold in global markets."

Colin Chapman Stewart,  Director of Gaming at FEC commented: "Partnering with
GiG provides TWHE, Palasino and our shareholders with the confidence and ability
to launch our online division operating out of Malta with an MGA license.
 Bringing our brand online to new international players who can experience the
same feeling in the casinos we have successfully operated for the past quarter
century, is an exciting time for us all here at Palasino."

For further information, please 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.
Oslo Børs

This information was distributed by Oslo Børs