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Gaming Innovation Group Inc. (GiG) has today concluded its agreement with Palasino Malta Ltd. (PML), a part of Trans World Hotels & Entertainment a.s.
GiG will provide its award-winning player account management platform (PAM), front end delivery and content management system(CMS) to the partnership. This will enable TWHE’s traditional online retail business to Palasino.com, as well as opportunities in multiple emerging and established international online markets.
This announcement marks the ninth partnership between GiG and traditional retailers to digitally transform their businesses and increase their online revenue streams.
TWHE, a company that has been in operation for more than 25 years in retail casino, was purchased by Far East Consortium (FEC), a Hong Kong-based international development specialist. The group operates a number of boutique hotels and casinos across Europe. It has interests in Germany and Austria.
According to VIXIO Gambling Compliance, the European online growth rate for regulated GGR is expected to rise at 7.6 percent annually to EUR37.3 billion by 2026.
GiG is a top iGaming platform provider and sportsbook provider. This has earned them a solid reputation among land-based operators who want to realize their digital ambitions. GiGs platform is designed to offer a localised, flexible and personalized solution that can be tailored to individual operators in complex markets. It currently has 29 markets covered by regulation and 8 more in the pipeline.
The agreement was signed for a period of five year and will be in effect during H1 2023.
Marcel Elfersy is the CCO of GiG. He said that they were happy to sign the deal with Palasino and see a lot of potential in the partnership, which will allow both businesses to expand. With the brand equity of established retail brands and specialised third-party technology like ours, we continue to see growth within the online gaming industry. This allows us to be able to establish a strong foothold on global markets.
Colin Chapman Stewart is Director of Gaming at FEC. He commented that “Partnering With GiG gives TWHE and Palasino the confidence and ability, to launch our online Division operating out of Malta, with an MGA licence. We are all excited to bring our brand online to international players, who will be able to experience the same feeling we have provided in the Palasino casinos that we have operated for over a quarter century.
