GIG secures full Gaming Licence from MGA
The fast growing gaming technology and software service provider Gaming Innovative Group Inc.(GIG) has recently secured a Class 4 Remote Gaming Licence from the Malta Gaming Authority (MGA) for their subsidiary company BettingCloud Ltd.
The licence will enable the company to provide to other licenced operators their sports betting products. Wetten.com, the German facing operator will be their first operator client to be launched on this new BettingCloud licence having signed a platform agreement earlier this year with GIG’s subsidiary iGamingCloud.
Wetten is expected this week to conduct a soft launch and the full commercial launch is anticipated in the early part of Q1 2017.
GIG CEO Robin Reed commented: “We have reached a major milestone as we are now a fully licensed B2B gaming service provider for the Sportsbetting vertical. GIG is continuing to branch out in the iGaming value chain and is now a fully-fledged gaming service provider”
Currently, GIG is also developing technology to produce proprietary odds through its subsidiary OddsModel AS. This new technology will be integrated on BettingCloud who is expected to provide a range of services covering content services, odds feeds, risk management, betting engine and trading tools. This is scheduled to be marketed in 2017.
These solutions will all be sold independently with them being able to be bundled seamlessly with GIG’s iGamingCloud platform. Reed offered a glimpse into GIG’s plans for the new year with this statement: “Within next year, these efforts will fully come to fruition and it will greatly benefit the Company and our clients”