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Gaming Innovation Group signs first external sportsbook contract with MRG’s 11.lv in Latvia

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Gaming Innovation Group: Completion of the sale of B2C assets to Betsson
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This is a milestone as the first external operator GiG has signed on its new sports betting services.

11.lv is Latvia´s third largest licensed iGaming operator and an existing customer of GiG. In June, MRG announced its acquisition of 75% of the shares in 11.lv.

Janis Tregers, CEO of 11.lv, says: “Adding GiG Sports products to our offering is an exciting moment for 11.lv on several fronts. First of all, we have always believed differentiation is the key to success in our industry. The flexibility of trading and odds-making tools built into this platform will allow our experienced bookmaker team to create an odds-offering which is truly unique and tailored to what customers in our market demand. Secondly, the all new mobile first front end. Although it can be seen as merely a recognition of where the industry has found itself today, we are confident the functionality and user experience of the new product will allow us to become the operator of choice as the industry continues to embrace the new mobile reality. Finally, the partnership with the team at GiG gives us full confidence the product will continue to evolve and provided the need, we will have the support and know-how required to grow our business further in our current market or any new ones.”

Robin Reed, CEO of Gaming Innovation Group Inc. says: “We are delighted to have signed with MRG to provide its brand 11.lv with our new cutting-edge and flexible sports betting services and to support 11.lv´s expansion. It is also a milestone for us having signed our first external contract for the new sportsbook. 11.lv is an existing customer of GiG and we will continue our successful collaborations to create an outstanding betting experience for its end users and grow the sports betting vertical together.”

The agreement is based on revenue share and is expected to go live in Q4 2018. The deal is expected to have marginal contribution on GiG´s overall revenues in 2018, with an increase in 2019 and beyond.

 

About Gaming Innovation Group (GiG):

Gaming Innovation Group Inc. is a technology company providing products and services throughout the entire value chain in the iGaming industry. Founded in 2012, Gaming Innovation Group’s vision is ‘To open up iGaming and make it fair and fun for all’. Through our ecosystem of products and services, we are connecting operators, suppliers and users, to create the best iGaming experiences in the world. Gaming Innovation Group operates out of state-of-the-art offices in St George’s Bay, Malta and is listed on the Oslo Stock Exchange under the ticker symbol GIG.

For more information about the Company and our services:

https://www.gig.com/

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Baltics

HIPTHER announces resounding success for MARE BALTICUM

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HIPTHER announces resounding success for MARE BALTICUM
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Events agency now gearing up for Prague Gaming Summit on June 21st

European Gaming, Hipther Agency’s Central and Eastern European betting and gaming media platform, has celebrated its return to live events with a resounding success at the MARE BALTICUM Gaming Summit.

The summit was held on May 12, 2022, in Vilnius, Lithuania, at the eco-friendly Radisson Blu Royal Astorija Hotel, located in the Baltic capital’s UNESCO-certified old town.

The fifth edition of Hipther’s boutique European Gaming summit marked the return of the Baltic region’s first in-person gaming event since the onset of COVID in 2020.

Dedicated to providing a platform for discussion between the two regions’ regulatory authorities, operators and suppliers, the MARE BALTICUM Gaming Summit featured a full day’s panel discussions and presentations from leading figures in the iGaming industry, totalling more than 80 industry delegates.

After promising a hugely impressive roster of regional thought leaders and regulatory authorities, Hipther delivered, with the likes of Dainis Niedra (Managing Director Central & Eastern Europe at Enlabs), Kaido Ulejev (Commercial Director CEECA at Betsson Group) and Maria McDonald (Managing Partner at Nordic Gambling).

Providing a unique open platform for stakeholders and industry operators, as well as a wealth of networking opportunities for gaming executives, the MARE BALTICUM Gaming Summit was sponsored by Tom Horn, Endorphina and Nordic Gambling.

Alongside the summit were the Baltic and Scandinavian Gaming Awards (BSG), launched in 2019, which have become the most important gaming industry awards in the region.

Totalling 28 nomination categories, BSG awards were established to provide an independent, fair and representative awards event that recognises significant achievements across the Baltic and Scandinavian gaming industries, and this year was no different.

Among the winners of the wide selection of highly competitive categories, were Betsson, who was awarded the Best Sports Betting Operator in the Nordics 2022 title, whilst Altenar won the Best Sports Betting Provider in The Baltics 2022, as well as BetGames taking home Best Live Casino Provider.

Commenting on the success of the MARE BALTICUM Gaming Summit, Zoltan Tuendik, Founder and Head of Business and Events at European Gaming and Hipther Agency said:

“It was a pleasure to provide the industry with the MARE BALTICUM Gaming Summit – proving to be the region’s first proper in-person gaming conference in three years.

“Whilst we have always been aware of the value of the networking opportunities, panel discussions and BSG awards, we were thrilled to see the demand of the summit translated into a sell-out event, with a wonderful opportunity to bring everyone back together.

“With just one month to go, we are now gearing up for the Prague Gaming Summit, which has also grown year on year. This is a key event in the Central and Eastern European region and one of our longest-standing conferences.

“We aim to bring a wealth of information within quality networking spaces as well as a focus on the DACH region’s main regulatory updates.”

The Prague Gaming Summit is Central and Eastern Europe (CEE)’s largest betting and gaming industry conference.

The fifth edition of the show, organised by European Gaming and Hipther Agency, will take place on the 21st June 2022 at Vienna House in Prague’s Andel district, starting at 08.45am.

The event already has record number of sponsors confirmed, including Tom Horn Gaming and Nordic Gambling. With a limited number of sponsorship packages still available, interested companies can contact: Andrada Marginean, B2B Sales Manager at Hipther Agency, by email on [email protected].

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Baltics

Wazdan wins two awards at Baltic and Scandinavian Gaming Awards

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Wazdan wins two awards at Baltic and Scandinavian Gaming Awards
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Wazdan awarded the titles of the Best Slots Provider in the Baltics 2022 (B2B) and the Rising Star in Nordic Online Casino Technology 2002 (B2B)

Wazdan, the innovative games provider, has won two awards at the recent Baltic and Scandinavian Gaming Awards (BSG Awards).

Wazdan was recognised in both the Best Slots Provider in the Baltics (B2B) and Rising Star in Nordic Online Casino Technology (B2B) categories, highlighting the impressive reach the provider boasts across both regions.

The award recognised outstanding achievements in the regions across 28 categories, with the final results decided by delegates of the Mare Balticum Gaming Summit.

Wazdan has enjoyed a positive start to 2022, releasing a number of thrilling new titles headlined by its new innovative slot, Magic Spins™, while also entering the recently regulated Ontario market.

Andrzej Hyla, Chief Commercial Officer at Wazdan, said: “We’re extremely proud to have won two awards at the recent BSG Awards. The Baltic and Nordic regions are important regulated markets for us in Europe. We’re always looking to bring excellent gaming experiences to players and it’s fantastic that we’ve been recognised for our products.

“It’s a testament to the hard work of the entire team. Congratulations to all winners!”

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Baltics

Lithuanian Regulator Imposes Fine of €6789 on 7bet

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The Lithuanian Gambling Supervisory Authority has issued 7bet operator Amber Gaming with a fine of €6789 for breaching the national laws brought in last year regarding the promotion of gambling.

An investigation from the Commission found that on 13 October and 4 November in 2021, and also on 4 February this year, Amber Gaming published content on its website that the regulator said encouraged consumers to gambling.

The Commission highlighted a number of statements that could be seen as promotional and content intended to draw players to gambling with the operator’s 7bet brand.

These statements included “Online casino: free spins and casino bonus” and “For those who want a greater sense of excitement, 7bet offers live real-time casino games. It gives you even more chances to win”.

Ruling on the case, the Commission said the published information was “aimed at drawing attention to the company, its offer, persuading and encouraging persons to participate in the company’s games”.

This, the regulator said, was considered to encourage participation in games and therefore breached Article 10 (19) of the country’s Ali.

It was established that the published information was aimed at drawing attention to the company, its offer, persuading and encouraging persons to participate in the company’s games, which is considered to encourage participation in games, therefore, the company violated the requirements of Article 10 (19).

Amber Gaming was also warned that similar breaches or failure to remove any promotional content could result in the operator having its licence in the country suspended.

The operator does have the option to appeal the decision.

Lithuania’s ban on gambling promotion came into effect on 1 July 2021, on the 20th anniversary of the Lithuanian Gambling Commission’s formation.

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