“GIG: GAMING INNOVATION GROUP SIGNS AGREEMENT WITH MEGALOTTO AND ENTERS THE LOTTERY VERTICAL
09:30 Gaming Innovation Group Inc. (GiG) has signed a long-term contract with MegaLotto for the provision of its technical platform services and casino games. With this agreement, GiG enters the Lottery betting vertical. MegaLotto is a new startup initiated and backed by Optimizer Invest and will provide lottery betting services which allows users to bet on the outcome of the largest lotteries in the world.
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 GiGs 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.”