Gaming Innovation Group has signed a long-term agreement with Tipwin for the provision of GiG’s platform, data platform and GiG Logic.
Tipwin will use GiG to power its new casino offering under its own licences from the Maltese and Swedish gaming authorities. The agreement is based on a revenue share model with a minimum contract term of three years.
Tipwin, founded in 2011, offers multi-channel sports betting both offline and online under one brand. Tipwin currently operates more than 1,500 retail betting shops throughout Europe, which along with its sponsorship of two of Germany’s first league football teams, Bayer 04 Leverkusen and Eintracht Frankfurt, makes its one of the most recognisable operators in the German retail betting market.
Tipwin will be integrating GiG’s casino platform technology into its new next-generation sportsbook platform, which has been developed entirely from scratch, to capitalise on further digital transformation from retail to online gambling, in anticipation of the nationwide German regulation for online casino and sports betting in 2021.
The casino offering is expected to go live during Q4 2020 and this partnership is expected to make a positive contribution to GiG’s revenues from 2021 onwards.
