Gaming Innovation Group Inc.

07/23/2024 | Press release | Distributed by Public on 07/23/2024 00:06

GiG further extends UK growth with Betzone partnership for iGaming platform with enhanced compliance solution

GiG further extends UK growth with Betzone partnership for iGaming platform with enhanced compliance solution

23 Jul 2024 08:00 CEST

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Gaming Innovation Group Inc

Gaming Innovation Group Inc. (GiG) has extended its footprint in the UK with the
announcement of a long term agreement to power the Betzone brand with its
revolutionary iGaming platform, CoreX, and powerful workflow automation tools
LogicX and DataX, as GiG continues the execution of its strategic growth plans
for the region.

The second UK deal to be announced for GiG in as many weeks, the agreement
stands as further evidence of GiG's ability to attract ambitious new partners
looking for sustainable growth in complex regulated markets, leveraging the
competitive advantage its suite of leading technology and solutions carries for
the localised UK market.

With compliance and responsible gaming (RG) being key parts of the agreement,
Betzone will benefit from GiG's comprehensive compliance innovation. This
solution integrates multiple systems to deliver a seamless risk assessment and
management tool. By incorporating big data into GiG's platform and using the
advanced LogicX and DataX technologies, the system dynamically adjusts player
interactions based on their risk levels. This allows operators to tailor
marketing communications and financial checks to individual player profiles,
ensuring responsible gaming and compliance with anti-money laundering (AML)
regulations. Its effectiveness and adaptability have already been proven to
power positive results with an existing partner in another complex regulated
market.

Online gaming in the UK continues to offer one of the largest and most
established regulated markets around the world, with an estimated revenue of £11
billion ( Euro 13 billion).

Andrew Cochrane, Chief Business Officer at GiG, commented, "The partnership with
the team at Betzone is another exciting opportunity to showcase our strength at
powering growth in regulated markets, with the UK a prominent market for our
expansion. The combination of pioneering technology and our commitment to
innovation, as perfectly demonstrated with our new and advanced compliance
solution, means we are able to deliver a suite of products that provide the most
comprehensive and secure springboard for sustained revenue growth. The UK will
continue to be a market of considerable opportunity for GiG over the years to
come."

Adam Joseph, Chief Operations Officer at Betzone added: "We are delighted to
announce this partnership with GiG. Their proven technology track record,
customer centric tools and industry leading compliance and RG solutions make GiG
the perfect partner to scale the Betzone brand, supporting our plans for rapid
growth and exciting new business opportunities in a sustainable and responsible
manner."

For further information, contact:
Richard Carter, CEO Platform & Sportsbook, [email protected]

About Gaming Innovation Group (GiG)
Gaming Innovation Group is a leading iGaming technology company, providing
solutions, products and services to iGaming Operators. Founded in 2012, Gaming
Innovation Group's vision is 'To be the industry-leading platform, sportsbook
and media provider delivering world-class solutions to our iGaming partners and
their customers. GiG's mission is to drive sustainable growth and profitability
of our partners through product innovation, scalable technology and quality of
service. Gaming Innovation Group operates out of Malta and is dual-listed on the
Oslo Stock Exchange under the ticker symbol GIG and on Nasdaq Stockholm under
the ticker symbol GIGSEK. www.gig.com

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Source

Gaming Innovation Group Inc

Provider

Oslo Børs Newspoint

Company Name

GAMING INNOVATION GROUP

ISIN

US36467X2062

Symbol

GIG

Market

Oslo Børs