Gaming Innovation Group signs with established German facing iGaming operator
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OSLO, Norway, Feb. 18, 2021 /PRNewswire/ Gaming Innovation Group Inc. (GiG) has today signed a letter of intent with an established German facing iGaming 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 expected launch in Q3 2021.
The German facing operator is a privately owned company, which 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 license.
Marathonbet becomes latest operator to integrate GiG Comply Share
Gaming Innovation Group (GiG) in order to integrate the
GiG Comply compliance tool.
GiG Comply is tailored to cover market-specific legislation and advertising standards, ensuring Marathonbet meets compliance requirements in various territories.
The self-service marketing compliance software will allow Marathonbet to establish checklist perimeters with specific criteria to scan and check thousands of affiliate websites for content such as iGaming code red words.
This in turn will assist the firm in ensuring that its affiliates operate in line with its brand and marketing message and standards, as well as identify where to rectify any potential promotional breaches and further strengthen the company’s general compliance approach.
Betsson acquisitions push net profit close to SEK1bn in 2020
9th February 2021
| By Robert Fletcher
Betsson posted net profit just short of SEK1bn (£86.8m/€98.9m/$119.6m) in 2020, after a series of new acquisitions in 2020 helped drive a year-on-year increase in revenue.
Overall revenue for the 12 months to 31 December stood at SEK6.39bn, which was 23.5% more than the SEK5.17bn posted in the previous year.
Betsson noted the impact of new acquisitions in the first three quarters of the year, including its purchase of Zecure Gaming Limited, the B2C subsidiary of Gaming Innovation Group (GiG), in April.
The operator also said it felt the benefit of securing new licences in countries around the world, most recently in the province of Buenos Aires, with Betsson one of the first operators to gain approval in the Argentine capital province. The operator also launched in Kenya towards the end of 2020 through the Betsafe brand.
Based on a revenue share model, the agreement between GiG and the virtual operator has a
4-year minimum duration with an expected launch in the 4th quarter of this year.
Commenting on the tie-up, Chief Executive Officer for GiG,
Richard Brown, said…
“It is very exciting to be part of PlayStar’s inspiring and innovative plans for the expanding US digital gambling market. PlayStar has an
extremely strong product vision backed by a very experienced industry team. This agreement further demonstrates and drives our ambition to be the platform partner of choice for operators in regulated markets. GiG is extremely proud to be supporting PlayStar as they establish themselves as a strong and innovative iGaming brand in the US and we are confident that it will be a successful partnership.”
A turning point for the industry?
27th January 2021
| By Joanne Christie
The past week has seen three women appointed to chief executive roles in the gambling industry. Joanne Christie investigates whether this is a happy coincidence or a sign of broader change on the gender diversity front.
When news of Entain’s appointment of Jette Nygaard-Andersen as its new chief executive broke last week, almost every mainstream press report contained the word ‘female’ in the headline.
Some would question why news reports needed to mention her gender at all. After all, how often do headlines note that a newly appointed chief exec is male?