Gaming Innovation Group Inc. has determined to increase its current contract with Betsson Group. The current settlement supplies platform and managed services for Betsson Group. Upon renewal, the contract will lengthen for an additional three years.
Gaming Innovation Group Agrees to Three-Year Contract Extension With Betsson
Gaming Innovation Group Inc. has confirmed that it’ll continue its long-term relationship with Betsson Group. The two manufacturers have agreed to extend their present agreement for another three years. This new contract will take the companies through the final quarter of 2025.
Gaming Innovation Group and Betsson Group have mutually decided to increase an present partnership agreement via Q4 of 2025.
Per the present deal, GiG has been offering platform and managed companies for a selection of Betsson Group brands. This includes Rizk, Guts, Kaboo and Thrills. In addition, Betsson will receive basic help and customer service for all brand operations.
The extension of this partnership shows how well the agreement has been understanding for each GiG and Betsson Group. This contract renewal will bring extra progress to both manufacturers and broaden every company’s market presence.
In addition to its present contract phrases, GiG also has even larger and higher plans for its choices for Betsson Group. GiG is slated to deliver several new market entries into new and sizzling regions within the near future. This is a huge get for Betsson, and it speaks nicely to GiG’s international connections in regulated markets.
Gaming Innovation Group and Betsson Have Formed a Powerful Alliance
This continued partnership is nice news for each manufacturers and their respective buyer bases. The promise of latest growth market entries can be a strategically sound move for both GiG and Betsson. It proves that GiG is positioned to propel tier-one manufacturers like Betsson into the spotlight in new and competitive markets.
GiG CEO Richard Brown says:
“We are extremely happy to extend our partnership with Betsson Group for the approaching years. It has been a key inside goal as part of our transition into a pure B2B focus over the past 18 months. The partnership will support and assist to drive the two businesses’ growth in present and new markets, increasing the diversification and market alternatives for both Betsson and GiG.”
In April 2020, GiG entered into its present partnership settlement with Betsson Group for a interval of 30 months. In that point, the model offered its full suite of online gaming platform technologies to power Betsson brands.
Andrew Valencia is the current Gaming Commercial Director for Zecure Gaming, the B2C subsidiary of GiG acquired by Betsson Group. Valencia made the following statement about the contract renewal:
“We are delighted to have extended our settlement with GiG for an additional interval of three years. As a platform provider, GiG will be a key a part of our road map for progress, and I am very confident of their capability to gas our development in new and current markets.”
Betsson and GiG Look Toward the Future
Since the unique deal was signed, both corporations have been working individually and together to build up their respective brands. The earlier contract was primarily based on a revenue-sharing mannequin, and the three-year extension continues these similar phrases.
Gaming Innovation Group has undergone a total branding overhaul lately. This partnership with Betsson has been a significant pivot point for the brand. GiG has turned its complete focus towards providing solely B2B solutions for Slot88 major casino manufacturers.
In the wake of this shift, Betsson acquired many of GiG’s B2C belongings. Both brands have been working towards higher portfolio diversification. Additionally, they have been persistently in search of out new market entry opportunities to proceed their growth.
This strategic contract deal makes sense for both GiG and Betsson. Betsson is a powerhouse brand within the online on line casino trade. It is listed on the Stockholm NASDAQ, and it has persistently been a top-ranking brand throughout Europe.
Betsson has a protracted and spectacular monitor report of name constructing. The firm achieves this each organically and thru forward-thinking acquisitions. In addition, the model is well-known for being a accountable and equitable partner. This means that it’s no great surprise that Gaming Innovation Group is pleased to increase its present partnership agreement.
GiG is a model that acknowledges the significance of remaining agile and ahead of the curve within the online on line casino enterprise. This performs an integral role within the company’s technique for partnership and expansion. GiG leverages state-of-the-art technology and in depth trade information to focus on specific markets for development.