Malta – GiG signs platform deal with TipwinBy Lewis - 24 September 2020
Multi-channel sports betting provider, Tipwin, is utilising GiG’s platform, data platform and GiG Logic to power its new casino offering under its own licences from the Maltese and Swedish Gaming Authorities. This long-term agreement, based on a revenue share model with a minimum contract term of three years, integrates GiG’s casino platform technology into Tipwin’s new sportsbook platform.
Tipwin’s new platform has been developed entirely from scratch, to capitalise on further digital transformation from retail to online gambling, in anticipation of the nationwide German regulation for online casino and sports betting in 2021. The casino offering is expected to go-live during Q4 2020, and this partnership is expected to make a positive contribution to GiG’s revenues from 2021 onwards.
Ivica Batinic, CEO at Tipwin commented: “Integrating GiG’s casino technology into our proprietary sports betting platform will allow Tipwin to round up its overall iGaming product portfolio. During the last nine years Tipwin successfully built up its land-based business throughout 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, GiG CEO added: “We are delighted to have partnered with Tipwin for the provision of our iGaming platform and casino offering. 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.”