Gaming Innovation Group Inc. (GiG) has today signed a long-term agreement with GS Technologies Limited for the provision of GiG's platform and front-end development to a new casino brand with its own license from Maltese Gaming Authority. The agreement is based on the new fixed fee model and has a duration of minimum three years with automatic extension for an additional two plus one years.
GS Technologies Limited operates the Alpha Affiliate Program and casino brands. Alpha Affiliate is a successful player in the iGaming industry for many years, having built several strong casino brands targeting multiple geographical regions.
The casino offering is expected to launch by the end of 2020, and this partnership is expected to make a positive contribution to GiG's revenues from 2021 onwards.
Nick Prokofev, Chief Executive Officer of Alpha Affiliates says: "Gaming Innovation Group is known in the iGaming industry as a reliable and trustful company. We are pleased to start one more successful project with such partner and believe that joining our efforts we can create many new successful and interesting brands. We are looking forward for long lasting and mutually beneficial partnership."
Richard Brown, Chief Executive Officer of GiG says, "Alpha Affiliates has been a successful operator in the iGaming business over many years, and I am delighted that they have chosen our platform and front end technology for their new Malta based casino brand. We are looking forward to a long term relationship with our new partner."
About Gaming Innovation Group (GiG)
Gaming Innovation Group is a technology company providing solutions, 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 its ecosystem of products and services, GiG is connecting operators, suppliers and users, to create the best iGaming experiences in the world. 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.
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