Latest News

Gaming Innovation Group to branch out in Germany

Published

7 years ago

March 28, 2018

Niji Narayan

Photo credits: https://www.google.co.in

Reading Time: < 1 minute

Gaming Innovation Group, which provides a platform to facilitate Internet gambling, gaming, and betting(GIG) has been eyeing an expansion in Germany post the purchase of Nordbet, the sports betting company.

Through a deal worth €500,000 ($625,000) GIG will assume the company’s sports betting licence in the German state of Schleswig-Holstein, which is currently inactive.

The gaming technology company disclosed in a statement that the licence, which is valid until February 2019, will enable it to integrate with the larger payment providers, making its sports and casino offering more available to German end-users. The licence will thus, strengthen GIG’s overall offering in Germany’s €5.3bn online sports betting market.

Robin Reed, GIG’s Chief Executive, said: “We have high ambitions for our sports betting offering. These are being accelerated by the launch of three new B2B products for sports betting in H1 2018. Combining these sports betting services with preferred payment providers, makes GIG’s sports offering in Germany very competitive ahead of the FIFA World Cup in June 2018.”

GIG recently posted its record annual results with treble-digit growth in revenue and earnings.

Related Topics:

Up Next

Louisiana Legislature quickly moving gambling changes sought by industry

Don't Miss

Yobetit, signs up NetRefer over utilising their feature enriched, and robust performance marketing platform

Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.