Gaming Innovation Group (GiG) has announced the signing of a Head of Terms with
Ventures Lab, for the provision of its award winning iGaming platform, and AI
tools DataX and LogicX, marking the fourth platform partner for GiG in the
Canadian province and supporting GiG's global strategy for regulated market
growth.
The agreement with Ventures Lab in Ontario will fully utilise the capability of
the platform and the ability to support speed to market. GiG's experience in
Ontario and in global regulated markets, and as exclusive regulated markets
provider for the brand, the deal includes scope to leverage the possibility to
expand into a multi-jurisdictional partnership in the future.
GiG has focused its suite of pioneering solutions on driving exponential growth
in revenue for operators with its highly scalable iGaming platform, offering
localised third party content and leading suppliers for the Ontarian market.
GiGs peerless gamification layer creates an optimised and immersive casino
experience tailored to regional preferences, powering increases in both client
retention and player engagement.
As part of the deal, Ventures Lab will benefit from the full power of dynamic AI
tools DataX and LogicX. With a growing emphasis on cutting-edge artificial
intelligence and automation, the incorporation of the advanced machine learning
models into its toolkit, with enhancing decision-making processes and rule
building will help deliver significant increases in player acquisition and
customer retention.
With the reporting year starting April 1st, iGaming in Ontario has published
that the 2023-24 year ended with online gaming revenue topping at Euro 3.8
billion,
an 88% increase over the previous year, representing the opportunity for
significant growth throughout the province.
Andrew Cochrane, Chief Business Officer at GiG, commented, "GiG is continuing to
attract experienced partners who trust in our ability as the technology partner
to drive efficiency and profitability in their operations. This agreement
further underpins our powerful strategy to capitalise on the overwhelming
potential within our market leading solutions, forming strong new partnerships
in core regulated markets, with the intention of reaching and exceeding our
ambitious growth targets for the business."
Carlos Strazzer, Chief Executive Officer at Ventures Lab added: "This
collaboration will enable us to drive substantial growth and expansion
leveraging GiGs vast experience in regulated markets and their leading
technology. We're very much looking forward to delivering an unparalleled
betting experience for the Ontarian market and seizing the opportunities this
region holds."
For further information, contact:
Richard Carter, CEO Platform & Sportsbook, richard.carter@gig.com
About Gaming Innovation Group (GiG)
Gaming Innovation Group is a leading iGaming technology company, providing
solutions, products and services to iGaming Operators. Founded in 2012, Gaming
Innovation Group's vision is 'To be the industry-leading platform and media
provider delivering world-class solutions to our iGaming partners and their
customers. GiG's mission is to drive sustainable growth and profitability of our
partners through product innovation, scalable technology and quality of service.
Gaming Innovation Group operates out of Malta and is dual-listed on the Oslo
Stock Exchange under the ticker symbol GIG and on Nasdaq Stockholm under the
ticker symbol GIGSEK. www.gig.com