The Gaming Innovation Group has secured a long-term deal with Tipwin, which has hired the company to licence the Maltese and Swedish gaming authorities for its upcoming casino offering.
The agreement will see the provision of GiG’s network , data network and GiG Logic based on a revenue sharing arrangement with a minimum contract period of three years.
During the fourth quarter of 2020, the casino product is scheduled to go online, and the partnership is scheduled to make a meaningful contribution to GiG ‘s revenues from 2021 onward.
GiG’s chief executive officer, Richard Brown, explained: “We are delighted to have partnered with Tipwin for the provision of our igaming platform and casino offering. Tipwin has been a successful retail sportsbook operator for over nine years and we look forward to supporting them in their expansion into the online casino space.
“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.”
In anticipation of the national German legislation for online casinos and sports betting in 2021, Tipwin will incorporate the casino network technology of GiG into its own sportsbook network, through which it intends to further capitalise on the “digital transformation from retail to online gambling.”
Established in 2011, Tipwin operates over 1,500 retail betting shops throughout Europe and has sponsorship agreements with Bayer 04 Leverkusen and Eintracht Frankfurt, the German football sides.
Ivica Batinic, Tipwin’s chief executive officer, added: “Integrating GiG’s leading casino technology into our next generation proprietary sports betting platform will allow Tipwin to round up it’s overall igaming product portfolio.
“During the last 9 years Tipwin successfully built up it’s land-based business throughout Europe, is now one of the fastest growing sportsbook operators in 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 offering an unmatched 360 degree online and retail product portfolio to our customers and partners.”