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Gaming Innovation Group, which provides a platform to facilitate Internet gambling, gaming, and betting(GIG) has been eyeing an expansion in Germany post the purchase of Nordbet, the sports betting company.
Through a deal worth €500,000 ($625,000) GIG will assume the company’s sports betting licence in the German state of Schleswig-Holstein, which is currently inactive.
The gaming technology company disclosed in a statement that the licence, which is valid until February 2019, will enable it to integrate with the larger payment providers, making its sports and casino offering more available to German end-users. The licence will thus, strengthen GIG’s overall offering in Germany’s €5.3bn online sports betting market.
Robin Reed, GIG’s Chief Executive, said: “We have high ambitions for our sports betting offering. These are being accelerated by the launch of three new B2B products for sports betting in H1 2018. Combining these sports betting services with preferred payment providers, makes GIG’s sports offering in Germany very competitive ahead of the FIFA World Cup in June 2018.”
GIG recently posted its record annual results with treble-digit growth in revenue and earnings.
Source: European Gaming Industry News