Gaming Innovation Group signs platform agreement with Tipwin Ltd.
Gaming Innovation Group Inc. (GiG) has today signed a long-term agreement with Tipwin Ltd. 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 3 years.
Tipwin Ltd., 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 their sponsorship of two of Germany’s first league football teams, Bayer 04 Leverkusen and Eintracht Frankfurt, makes them one of the most recognisable operators in the German retail betting market. Tipwin will be integrating GiG’s casino platform technology into their 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.
Ivica Batinic, Chief Executive Officer of Tipwin says: “Integrating GiG’s leading casino technology into our next generation proprietary sports betting platform will allow Tipwin to round up it’s overall iGaming product portfolio. During the last 9 years Tipwin successfully built up it’s land-based business throughout Europe, is now one of the fastest growing sportsbook operators in Europe and developed a strong technology portfolio including our proprietary hardware for sports betting shops. Partnering with GiG in the area of casino technologies will complete our online products and help offering an unmatched 360 degree online and retail product portfolio to our customers and partners.”
Richard Brown, Chief Executive Officer of GiG says, “We are delighted to have partnered with Tipwin for the provision of our iGaming platform and casino offering. Tipwin has been a successful retail sportsbook operator for over 9 years and we look forward to supporting them in their expansion into the online casino space. We see strong potential in linking up with a brand with a large existing retail customer base and anticipate further growth in the number of casino customers in the German market post regulation in 2021, therefore partnering with an existing retail offering will enable further capture of the expected transition of customers from land based to online gaming”.
For further information, please contact:
Richard Brown, CEO, [email protected], +34 661599025
Tore Formo, Group CFO, [email protected], +47 91668678
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 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 TipWin Ltd. (Tipwin)
Tipwin is one of the major European and fastest growing sports betting operators holding licences for sports betting and online casino operations in Malta, Sweden and Denmark. Tipwin is offering both land based and online products in 7 countries and built up a network of approximately 1.500 sports betting shops throughout Europe since Tipwin was founded in 2011.