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Gaming Innovation Group signs agreement with MegaLotto and enters the Lottery vertical

Zoltan Tundik

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Photo source: gig.com
Reading Time: 2 minutes

 

GiG will support MegaLotto in its strategy of offering betting on multi-country lotteries and casino games to its end users in various markets. Launch is planned for mid-2019 and hence, is expected to have limited impact on GiG’s revenues in 2019, with an increase from there onwards.

Petter Moldenius, CEO at Optimizer Invest, says: “We are very excited to launch MegaLotto with GiG and its state-of-the-art services. This is an important project and we are confident GiG is the right partner for us to grow this business into a big player in the industry.”

Ben Clemes, CCO at GiG, says: “I am delighted to add further growth potential for GiG by entering the Lottery vertical with MegaLotto. We share the same ambitions of a fun, fair, responsible and innovative user experience. GiG covers all verticals in iGaming, by adding lottery to our games vertical, we are strengthening our competitive advantage as a global full service provider.”

 

For further information, please contact:

Robin Reed, CEO of GIG, robin@gig.com

Anna-Lena Åström, GIG Head of IR & Corporate Communications, anna.lena@gig.com

+356 796 998 48

About Gaming Innovation Group (GiG):

Gaming Innovation Group Inc. is a technology company providing solutions, 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 the ecosystem of products and services, GiG is connecting operators, suppliers and users, to create the best iGaming experiences in the world. Gaming Innovation Group operates out of Malta and is listed on the Oslo Stock Exchange under the ticker symbol GIG.

For more information about GiG also see: www.gig.com

After starting out as an affiliate in 2009 and developing some recognized review portals, I have moved deeper into journalism and media. My experience has lead me to move into the B2B sector and write about compliance updates and report around the happenings of the online and land based gaming sector.

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Industry News

BetBright closes UK operations

Niji Narayan

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BetBright closes UK operations
Reading Time: 1 minute

 

BetBright has closed its operations in the UK by selling its entire technology stack and assets to 888 Holdings for €15 million. The UK Gambling Commission (UKGC) approved the move and termed it as the right step as there was a strong chance of going into insolvent liquidation if the company remained operational.

BetBright will refund all pending payments and winnings in 30 days’ time.

The gambling commission confirmed that it had been overseeing the company and that there was a “very real possibility of going into insolvent liquidation if it remained open,” resulting in customers receiving no winnings and no refunds on stakes which had been placed.

“This was a significant risk for BetBright’s customers and therefore we are content that the return of stakes, as part of an orderly closure of the business, is the best option available for the vast majority of customers in what is an unusual and difficult situation,” explained the UKGC.

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SportPesa signs partnership with F1 team Racing Point

Niji Narayan

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SportPesa signs partnership with F1 team Racing Point
Photo Source: autoweek.com
Reading Time: 1 minute

 

SportPesa, the premier betting platform based in Africa, has signed an agreement with the British Formula 1 team Racing Point. In the process, SportPesa becomes the first online betting company to join hands with Formula 1 team.

Racing Point was earlier known as Sahara Force India. Racing Point cars in the 2019 Formula One season will now sport a SportPesa brand as the title sponsor.

Speaking after the agreement, SportPesa Company Director Adam Beighton reiterated on the importance of the deal.

“Equally important is the platform it provides us, which enables us to stay true to our mission; to build and develop grassroots and professional sport in countries where we operate by bringing new opportunities to local communities,” Beighton said.

On his side, Racing Point CEO and team Principal Otmar Szafnauer welcomed the deal and praised the betting giant for supporting sport.

“We are excited to have such an ambitious partner on board to help us deliver our team mission and look forward to working with them to bring the sport of Formula One closer to fans around the world,” Said Szafnauer.

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Highlight Games’ SOCCERBET™ is top performer with Eurobet

George Miller

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Highlight Games’ SOCCERBET™ is top performer with Eurobet
Reading Time: 2 minutes

 

Highlight Games Limited today announces that its SOCCERBET single match and league football products are now live with Eurobet in Italy.

Since launch, SOCCERBET has consistently been the top performing virtual sports product across the Eurobet retail estate with player numbers and average bet amounts increasing daily. SOCCERBET games are based on Highlight Games’ exclusively licensed and ADM approved virtual football product which features real archive footage from the Serie A Italian football league.

Tim Green, CEO, Highlight Games Limited, said: “I’m delighted to announce that SOCCERBET has been the number one performing virtual sports product across the Eurobet retail estate since launch.

“Entering a new product concept into a mature market can be challenging, but this innovative game takes players to the heart of the action where they can watch real league highlights play out and it is, therefore, no surprise that it has received such a fantastic response.

“We look forward to the continued success of SOCCERBET as we complete rollout to Eurobet’s 720 retail venues and online and mobile channels.”

Carlo Di Maio, Sportsbook Director, Eurobet, added: “Since its launch last month, SOCCERBET’s performance has exceeded expectations.

“The opportunity for players to bet on genuine Serie A archive footage has proven an irresistible one, and this is reflected in increased levels of player engagement which is driving incremental revenues. SOCCERBET delivers entertainment in a class of its own.”

 

About Highlight Games Limited:

Highlight Games is a specialist games supplier founded in 2014 and managed by CEO Tim Green, Director Stewart Whittle, Director Nick Gardiner and General Counsel Steven Holmes.  Specializing in creating innovative, sports focused betting experiences, the Company’s flagship SOCCERBET™ product features highly optimized game design based on decades of archived live action football and can be tailored to suit the sportsbook or virtuals offering of operators around the globe across retail, online and mobile. Highlight Games Limited www.highlight-games.com is majority owned by Swedish gaming, entertainment and media firm Cherry AB. Cherry AB’s class B shares are listed on the Nasdaq Stockholm exchange, Mid Cap segment. More information is available at www.cherry.se.

 

About Eurobet Italia Srl:

Eurobet Italia Srl is part of GVC Holdings PLC and owns more than 850 betting shops across Italy and one of the most popular betting and gaming website in the Italian gambling Industry. Eurobet was born in 1995 and was one of the first bookmaker to take online bets. In 1999 Coral (third UK bookmaker at that time) completed the Eurobet acquisition, followed by the merge with Gala, and the GalaCoral Group foundation in 2005. The historic merge between Ladbrokes and GalaCoral of 2016 created the most important betting and gaming company in the UK (LadbrokesCoral Group). In 2018, GVC Holdings completed the Ladbrokes Coral takeover, creating one of the world’s biggest gambling groups. Today Eurobet is one of market leaders in the betting and gaming industry in Italy, thanks to a wide product offer, both online and offline, with special focus on innovation and responsible gaming propositions.

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