Gaming Innovation Group has secured a long-term agreement with Tipwin, which has recruited the firm to power its new casino offering under licences from the Maltese and Swedish gaming authorities.
The partnership, based on a revenue share model with a minimum contract term of three years, will see the provision of GiG’s platform, data platform and GiG Logic.
The casino offering is expected to go-live during the fourth quarter of 2020, and the collaboration is expected to make a positive contribution to GiG’s revenues from 2021 onwards.
Richard Brown, chief executive officer of GiG, 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”.
Tipwin will be integrating GiG’s casino platform technology into its new sportsbook platform, via which it aims to further capitalise on the “digital transformation from retail to online gambling,” in anticipation of the nationwide German regulation for online casino and sports betting in 2021.
Founded in 2011, Tipwin operates more than 1,500 retail betting shops throughout Europe, and boasts sponsorship deals with German football sides Bayer 04 Leverkusen and Eintracht Frankfurt.
Ivica Batinic, chief executive officer of Tipwin, 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.”