iGaming technology company Gaming Innovation Group (GiG) announced on Thursday an agreement with a new casino partner, Strike Games, for the provision of its platform solution.
The agreement, which has been signed for an initial period of five years, includes GiG's player account management (PAM), front-end, and content management system (CMS). Strike Games will initially focus operations in several international and emerging markets, utilizing GiG's technology and experience "to leverage its own high growth potential," according to a press release.
Richard Brown, CEO of GiG, said: "With the strength in our solutions and our strong geographical footprint expansion, I am particularly pleased with the potential of brands such as Strike, combining with our technology, as we continue to push innovation and drive opportunity for the brands we power."
James Pound, Director at Strike Games, added: "Strike games is incredibly excited to commence a partnership with GiG. The team had a precise vision for what Strike would need to present to the market to be successful and to provide a world-class gaming experience, understanding that GiG technology was what was required."
"The market and its consumers expect a higher standard and better service which this partnership will be able to deliver. We are looking forward to developing something amazing and launching a truly new age iGaming platform," he further explained.
GiG's Richard Brown
Through the combination of GiG's Platform and Strike's operating and marketing capabilities, there is "a strong opportunity" for innovative new brand entrants such as Strike, the platform provider said. The partnership looks forward to building out the product together to give the end users "an unparalleled iGaming experience," GiG concluded.
Earlier this month, GiG was awarded the ISO 20000 certification for its platform, following an extensive review of its internal service management system, framework, and practices. The certification was awarded by the International Organization for Standardization (ISO) and International Electrotechnical Commission (IEC)
The company has also recently announced an EBITDA of €8.5 million ($8.4 million) for Q3, up 47% from the comparable period last year, while the EBITDA margin increased to 37.5%. Meanwhile, EBIT was €2.5 million ($2.4 million), and a positive net profit of €0.6 million ($0.5 million) was delivered.