Gaming Innovation Group (GiG) has agreed a long-term contract with Maltese company Tipwin. The online sportsbook will use GiG’s network to power it's new casino delivering under it's own licenses from Swedish and Maltese Gaming Authorities. According to the agreement, the deal is based on a revenue share model for three years.
Tipwin, since 2011, provides multi-channel sports betting and currently serves more than 2000 retail betting shops throughout Europe. Its premium partners are BundesLiga teams Eintracht Frankfurt and Bayer 04 Leverkusen. The company is one of the most known operators in the betting market across Germany, and they are integrating GiG's casino technology into the new next-generation Tipwin sportsbook platform. It is created completely from scratch, with a goal to take advantage of further digital transformation from retail to online gambling with German national regulation for sports betting and casino.
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 its overall iGaming product portfolio. During the last 9 years Tipwin successfully built up its 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 to offer an unmatched 360 degree online and retail product portfolio to our customers and partners.”
Richard Brown, Chief Executive Officer of GiG adds: “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”.
About the Provider
Established in 2012, GiG is nowadays a well-spread organization with over 400 employees with main distribution in Nordic countries and also, it is increasing its portfolio to Europe and other international markets. It is involved in various types of sectors in the iGaming industry, such as game development, poker, casino solutions and much more.