GiG inks online casino-led deal with Germany-facing operator
B2B supplier signs four-year agreement ahead of Q3 launch and licensing timetable
Gaming Innovation Group (GiG) has signed a four-year agreement to provide online casino platform technology to an unnamed but established operator in the German market.
It is understood the Malta-based supplier has signed a letter of intent with the firm on a revenue share basis, with the agreement providing a positive revenue uptick for GiG during the second half of 2021.
The unnamed operator was one of the first to hold an online casino licence in the German state of Schleswig-Holstein, which launched its own splinter licensing regime for online gambling and sports betting in 2012.
The operator will utilise its own Malta Gaming Authority licence until licences for online casino become available under the 4th Interstate Gambling Treaty, currently scheduled for July.
It is understood the launch of the GiG-powered online casino brand is scheduled for the third quarter of 2021.
“Our new partner has a team of proven, industry veterans driving its business, who currently operate several successful brands facing multiple markets,” GiG CEO Richard Brown said.
“It’s fantastic that they have chosen our platform for their new, German-facing casino brand.
“We are pleased to provide our GiG Core platform to them in advance of the German regulations, which complements our current offering to other noteworthy brands. We are very much looking forward to a long-term and successful relationship with our new partner,” he added.
In order to qualify for German licences when the market opens in July, operators are required to switch off table games, limit slots spins to €1 per spin and five seconds between spins, as well as implementing €1,000-a-month spending caps on players.
Operators found not to be implementing these standards prior to licensing could potentially jeopardise their licence award by German authorities when the process begins later this year.
Implementation of the measures has caused Germany revenue declines for operators including Betsson, LeoVegas and Kindred Group.