Gaming Innovation Group to enter regulated US market through partnership with Hard Rock International
On October 30, 2017 Gaming Innovation Group (GiG) announced it had signed a Letter of Intent (LOI) with a large, undisclosed casino operator for the development of the operator’s new online gaming platform.
GiG has formalized this LOI by signing an agreement with Hard Rock International (HRI). The agreement will see GiG supply the full range of platform and front-end development services for Hard Rock’s first online casino. Through revenue share arrangements, this agreement has the potential to be the largest platform agreement signed by GiG.
Hard Rock International own and operates cafés (Hard Rock Café), hotels and land-based casinos across the world. Last year Hard Rock International expanded its casino operations to New Jersey, investing USD 500 million in Hard Rock Hotel & Casino Atlantic City.
GiG has a strategy of expansion into regulated markets and will, through this partnership, enter the regulated US market. The company has initiated the application process for the Casino Enterprise License in New Jersey.
The agreement will see GiG furnish Hard Rock with a state of the art digital consumer portal, as well as the back-end platform to manage their operations. GiG has communicated ambitions to expand its platform services, focusing on larger clients by utilizing platform scalability. The agreement is a breakthrough for GiG’s platform services as it marks the first agreement with a major global brand and land based casino chain. GiG will also supply Hard Rock with its new front-end casino service, GiG Magic.
“Hard Rock has an ambitious plan to become a global leader in the international online gaming space,” said Kresimir Spajic, SPV, Online Gaming at Hard Rock. “We are confident that, together with GiG, we can disrupt the market, through product innovation and unique user experience.”
“We are excited to be part of Hard Rock’s inspiring and innovative plans,” says Robin Reed, CEO, GiG. “This agreement confirms the attractiveness of the GiG platform and the ability to support major operators in the industry. By adding a New Jersey license, we will move into our third regulated market, positioning GiG towards an important and growing iGaming market.”
The initial contract term is 5 years, and product launch expected during 2018.
Gaming Innovation Group Inc. is pleased to invite to a conference call in connection with the announcement of the company’s partnership with Hard Rock International.
Date: Tuesday 6 February, 2018
Time: 11.30 am CET
CEO, Robin Reed will give a brief introduction, followed by a Q/A session.
The presentation will be in English.
To attend the presentation, call in on one of the numbers below to listen and ask questions - or use the live link (audio cast) to listen and follow the presentation on a computer or any smart-device: http://webtv.hegnar.no/presentation.php?webcastId=80286717
Call in details:
Norway: +47 2100 2610
Sweden: +46 (0)8 5033 6574
Denmark: +45 35 15 80 49
Finland: +358 (0)9 7479 0361
United Kingdom: +44 (0)330 336 9105
United States: +1 323-794-2093
International: +44 (0)330 336 9105
Confirmation code: 9727086
Participants will be asked to state name and company at log-in.
iGC is a cloud based platform offering the full spectrum of services for an iGaming operator. It has the potential to be a game changer for the wider community of the iGaming industry as its three core functions are to eliminate technological bottlenecks, reduce costs and increase the technological capability for operators and white labels alike.
For further information, contact:
Robin Reed, CEO, +356 9999 0382, [email protected]
Hard Rock International:
With venues in 75 countries, including 180 cafes, 24 hotels and 11 casinos, Hard Rock International (HRI) is one of the most globally recognized companies. Beginning with an Eric Clapton guitar, Hard Rock owns the world's greatest collection of music memorabilia, which is displayed at its locations around the globe. Hard Rock is also known for its collectible fashion and music-related merchandise, Hard Rock Live performance venues and an award-winning website. HRI owns the global trademark for all Hard Rock brands. The company owns, operates and franchises Cafes in iconic cities including London, New York, San Francisco, Sydney and Dubai. HRI also owns, licenses and/or manages hotel/casino properties worldwide. Destinations include the company’s two most successful Hotel and Casino properties in Tampa and Hollywood, FL., both owned and operated by HRI parent company The Seminole Tribe of Florida, as well as other exciting locations including Bali, Cancun, Ibiza, Las Vegas, and San Diego. Upcoming new Hard Rock Cafe locations include St. Petersburg, Cairo, Wroclaw and Chengdu. New Hard Rock hotel, casino or hotel-casino projects include Atlanta, Atlantic City, Berlin, Budapest, London, Los Cabos, Maldives, New York City, Ottawa, Dalian and Haikou in China. For more information on Hard Rock International, visit www.hardrock.com.
Gaming Innovation Group Inc. is a technology company providing products and services throughout the entire value chain in the iGaming industry. Founded in 2012, Gaming Innovation Group’s vision is ”To open up iGaming and make it fair and fun for all”. Through our eco-system of products and services, we are connecting operators, suppliers and users, to create the best iGaming experiences in the world. Gaming Innovation Group operates out of Malta and is listed at the Oslo Stock Exchange under the ticker symbol GIG.
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