Exactly 2 years after applying for a permanent casino service industry enterprise license (CSIE) in New Jersey, a tech firm and cloud-based online gaming platform, GiG, has finally got the right to operate within the state’s borders.
The group has backed Hard Rock International for the last 2 years under a temporary transactional permission, supervised and controlled by the Division of Gaming Enforcement (DGE).
The licece is now officially given to GiG’s subsidiary, iGaming Cloud Inc. for 5 years, enabling the company to unveil its real-money online gaming platform solution in New Jersey.
As remarked by the group’s CEO, Richard Brown, the process of acquiring permanent casino license within the most advanced area in terms of gaming regulations bas been “long and comprehensive.”
Gaming Innovation Group was established to open up iGaming and make it ‘fair and fun for all’ via an ecosystem of products and services. The operator is constantly reaching out to new potential partners, more suppliers and end-users, hence creating a distinct experience on the planet.
Recently, this firm even joined forces with LeGrand Casino in North Macedonia, helping it unveil a whole suite of digital products across the country’s regulated market.
GiG’s CEO said:
“We are delighted to receive the CSIE license after a long and comprehensive process. This is a great achievement for GiG and gives us a solid confirmation that our platform, procedures and operations are meeting the highest standards out there.”
The Malta-based group is listed on Oslo Stock Exchange and Nasdaq Stockhom. iGaming Cloud was founded in 2015 and provides a complete range of services for electronic gaming operators including customer relationship management, marketing suite, business intelligence, banking and wallets.
Unstoppable Gaming Force
Apart from acquiring a permanent license to operate in New Jersey for five years, Gaming Innovation Group has additionally been active elsewhere, such as the expansion of its reach in the international market.
In the last few months, this business has attained landmark deals with prosperous companies in the industry, including the likes of 1X2 Network, GS Technologies and Betsson.
By beginning a cooperation with Alpha Affiliate Program, developed by GS Technologies, GiG will unveil its full casino offering for a minimum period of 3 years with the operator. This deal should also make a remarkable contribution to the firm’s position and revenues, beginning 2021.
Another significant content distribution deal is with 1×2 Network, an iGaming developer and content supplier. In May, the Group extended its existing virtual sports integration deal with an option to include the latest line up of slots and other top casino games.
As a reminder, Betsson Group officially confirmed in February this year that their acquisition of Gaming Innovation Group will be complete by mid-April. This business acquired GiG’s B2C assets, including popular gaming brands Rizk, Kaboo, Thrills and Kaboo. The deal is worth $35.9m.