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GIG Gets Gambling License from Malta
G.I.G. LICENSED BY MALTA AS A B2B SPORTS BETTING PROVIDER
New dimension for gambling group.
The online gambling company Gaming Innovation Group Inc. (GIG) has received an early Christmas present: a Class 4 Remote Gaming License from the Malta Gaming Authority (MGA) for its subsidiary BettingCloud Ltd. which allows the subsidiary to close B2B deals as a sports betting solution provider.
Betting Cloud wasted no time getting down to business, signing Wetten.com as its first client. Wetten.com is a German-facing operator which signed a platform agreement with GIG’s subsidiary iGamingCloud earlier this year. The company is looking to soft launch this week, with a full commercial launch expected early Q1 2017.
In a company statement Wednesday, GIG CEO Robin Reed said:
”We have reached a major milestone as we are now a fully licensed B2B gaming service provider for the Sports betting vertical. GIG is continuing to branch out in the iGaming value chain and is now a fully-fledged gaming service provider”.
GIG's statement reveals that it is currently developing technology to produce proprietary odds through its subsidiary OddsModel AS. The technology will be commercialized in 2017 and will be integrated onto BettingCloud which will then offer a range of services including odds feeds, content services, betting engine, risk management and trading tools.
The solutions will be sold independently, and can be bundled with GIG’s iGamingCloud platform.
“Within next year, these efforts will fully come into fruition and it will greatly benefit the company and our clients”, Reed said in reviewing plans for the coming year.
Last week OddsModel AS signed with the largest commercial TV channel in Norway for the provision of betting related content in relation to TV 2’s editorial and TV sports coverage.
TV 2 has a broad range of exclusive media rights including Premier League, Tour De France, World Cup and Euro Cup, including the qualifications for these. TV 2 aims for a leading position in editorial and broadcasting coverage of sports, and through the agreement, GIG will contribute to TV 2’s editorial betting services.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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