Gaming Innovation Group Inc. (GIG) received an nice early Christmas present; this fast growing gaming technology company and software service provider obtained a Class 4 Remote Gaming License issued by the Malta Gaming Authority (MGA) for their subsidiary BettingCloud Ltd. By getting this full license GIG are gearing up to be able to offer a host of sports betting services.
This B2B supplier’s license will allow the Company to be able to supply their sports betting product to other licensed operators.
Robin Reed, GIG’s CEO that Wetten.com is the first operator client to launch on the new license. He continued that they have reached a milestone as a fully licensed B2B gaming service provider for the Sports-betting vertical and that GIG will continue to branch out into the iGaming value chain now that they a fully-fledged gaming service provider.
Wetten.com a German based operator to be launched on the BettingCloud license, who signed onto a platform agreement with a GIG’s subsidiary iGamingCloud in the early part of this this year. Wetten is planning to soft launch this week and a full commercial launch expected in the early Q1 2017.
GIG is also currently developing technology that will produce proprietary odds through their subsidiary OddsModel AS.
This technology will be commercialized during 2017 and be integrated onto BettingCloud who will then be offering a range of services such as odds feeds, betting engine, content services, risk management and trading tools.
These solutions will be sold independently, and they can be bundled seamlessly into GIG’s iGamingCloud platform. MNr Reed said that within the next year, these efforts will come into fruition and will greatly benefit the Company and their clients.
OddsModel AS has recently signed with the largest TV Commercial Channel in Norway to provide betting related content wit regards to TV 2’s editorial and TV sports coverage.
TV 2 has quite a broad range of exclusive media rights which includes Premier League, World Cup, Tour De France, and Euro Cup, and also includes the qualifications for them. TV 2 aims to be in a leading position with regards to editorial and broadcasting coverage of sports, and through their agreement with GIG will contribute towards TV 2’s editorial betting services.
Gaming Innovation Group Inc. is an interactive entertainment provider and emerging gambling solutions. The Company offers operators a cutting-edge, cloud-based services, and B2B performance marketing, they own B2C gambling operators that offers gaming from the best-of-breed suppliers across online sports betting and the casino industry. GIC operates out of Malta and are listed on the Oslo Stock Exchange under ticker symbol “GIG”.