Gaming Innovation Group (GiG) has signed a letter of intent with an established German-facing online gaming operator.
The agreement is based on a revenue share model, over a minimum of four years and expected to launch in Q3 2021, although the supplier interestingly did not name the operator yet.
Richard Brown, GiG CEO, said: “Our new partner has a team of proven, industry veterans driving its business, who currently operate several successful brands facing multiple markets.
"It’s fantastic that they have chosen our platform for their new, German-facing casino brand.
"We are pleased to provide our GiG Core platform to them in advance of the German regulations, which complements our current offering to other noteworthy brands. We are very much looking forward to a long-term and successful relationship with our new partner.”
GiG shares are currently trading at NOK 18.90 ($2.23), declining slightly this week but being more than double their November price.
Brown was appointed GiG CEO in November 2019 and appears to be meeting board objectives, having initially taken over from Robin Reed on an acting basis earlier that year.