International gaming operator Gaming Innovation Group (GiG) recently signed an agreement with sports betting operator Tipwin. Under the deal, Tipwin will power GiG’s new online casino offering under licenses from both the Maltese and Swedish Gaming Authorities.
The three-year agreement follows a revenue share model, with Tipwin scheduled to launch an online casino in the fourth quarter of 2020, which means it will make a positive contribution to GiG’s revenue from 2021 and onwards.
“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,” Ivica Batinic, Tipwin chief executive, said.
“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,” Richard Brown, GiG CEO, said. “Therefore, partnering with an existing retail offering will enable further capture of the expected transition of customers from land-based online gaming,” he added.