Toronto headquartered BlockChain Innovations Corp has announced a significant expansion, after unveiling the acquisition of casino games supplier The Games Company, for an undisclosed amount.
The United Kingdom Gambling Commission and Alderney Gambling Control Commission licensed organisation, which has titles available in over 30 languages, sees its offerings available across a number of online operators and government lotteries, including William Hill, BetVictor, and Loto Quebec.
TGC’s products, including Hippie Chicks, Cash Cowboy, and Lucky 8 Keno, also come complete with a free-spin promotion engine, in addition of offering multi-currency wagering, including cryptocurrencies.
“Purchasing TGC … establishes BCI as a full-product suite B2B gaming platform”
Matt Stafford, CEO at BCI, spoke to CasinoBeats to address what short and long term benefits are to felt as a direct result of the purchase: “Purchasing TGC, along with our core products, establishes BCI as a full-product suite B2B gaming platform supplier for sports, casino games and payments on our proprietary blockchain technology.
“Since TGC’s games currently run on its own remote gaming server, in the short and long term TGC will continue to be integrated with customers through conventional platforms, as our modern technology becomes adopted and deployed.
“In the short term, TGC’s customer network and complementary set of current and anticipated gaming licenses, allows us to showcase TGC’s games as provably fair enabled.
“Going forward, we then want to leverage those relationships and licenses to cross-sell and deploy our pay-as-you-go wagering and sportsbook blockchain solutions.”
Adding: “Initially, TGC products will become provably fair enabled, which allows players to independently ensure and verify game fairness. Additionally, by utilising BCI’s platform, TGC can enable new game features to operators, that are not currently available in its library.”
Via the leverage of BCI’s blockchain technology, it has been stated that TGC products are to become “provably fair enabled, allowing players to independently ensure and verify game fairness”.
Furthermore TGC, which has its titles available in Canada, the UK and markets served from Gibraltar, has several launches scheduled out of Malta in the first half of next year.
“The fact that TGC is live in Quebec … jump starts our entry into our own backyard”
Stafford went on to address what impact upon BCI’s expansions strategies are to be felt, following the completion of the purchase: “A practical benefit of the TGC transaction is that their current and anticipated gaming licenses lined up with the jurisdictions like Malta, where the intersection of gaming and blockchain has a regulatory framework, and BCI can offer and deploy our blockchain solutions, as well as, TGC conventional igaming content.
“What’s more, as a Canadian company, the fact that TGC is live in Quebec and expects to expand its offering in an additional province this year, jump starts our entry into our own backyard.
“We believe our products offer a compelling choice to TGC’s state-run lottery clients, because BCI’s blockchain solutions run the majority of a lottery’s cost-intensive operations, funded through taxpayer dollars, at a significant savings versus conventional platforms.
“Since the revenues of government lotteries are earmarked for other public agencies and projects, our solutions’ savings have a greater impact for a lottery customer’s business”.