Gaming Innovation Group has signed a letter of intent with an established German-facing operator for the provision of GiG’s igaming platform technologies to power the company’s new online casino.
The agreement between GiG and the operator is based on a revenue share model and has a minimum duration of four years with an expected launch in Q3 2021.
The German-facing operator is a privately owned company that is managed by a team with vast experience and has achieved great success in the online casino space with several online casino brands. The operator was also one of the first operators to hold a local German Schleswig-Holstein licence.
The casino offering is expected to launch in Q3 2021 and this partnership is expected to make a positive contribution to GiG’s revenues from H2 2021 onwards. They will be operating under their own MGA licence with the intention of acquiring a German licence once available.
Richard Brown, CEO at GiG, said: “Our new partner has a team of proven industry veterans driving its business, who currently operate several successful brands facing multiple markets. It’s fantastic that they have chosen our platform for their new, German-facing casino brand.
"We are pleased to provide our GiG Core platform to them in advance of the German regulations, which complements our current offering to other noteworthy brands. We are very much looking forward to a long-term and successful relationship with our new partner.”