Oslo-listed Gaming Innovation Group (GiG) has launched a new online casino in partnership with SkyCity Malta.
SkyCity Malta is a subsidiary of New Zealand based SkyCity Entertainment Group, which is publicly listed in Australia and New Zealand and operates casinos in both countries.
GiG is providing its fully managed solution to SkyCity, including the technical platform, managed services, gaming content, front end development, CRM, compliance and marketing.
The New Zealand-facing online casino site will operate under GiG’s Maltese license and is expected to make a significant positive contribution to GiG's revenue from 2020 onwards.
“This is an exciting day for SkyCity and one we have been working towards for some time alongside SkyCity Malta and our partner GiG,” said SkyCity chief executive Graeme Stephens.
“While ultimately a regulated online gaming market in New Zealand remains the preferred solution, the site launch is another step on our journey of pursuing opportunities to grow and diversify our earnings, addressing a new, fast growing industry which is highly complementary to our land-based activities and offering customers a multi-channel gaming experience.”
Robin Reed, chief executive officer at GiG, commented: "GiG is pursuing a strategy of becoming the global partner for strong brands in iGaming. SkyCity Entertainment Group is the largest and most reputable gambling and leisure firm in New Zealand. We are very proud to have been entrusted to provide our full suite of gaming services to them.
“It has been great to work with Graeme and his accomplished team and due to a great collaboration, we have managed to launch a state-of-the art digital casino experience only two months after signing the agreement. We are looking forward to supporting SkyCity in its aspirations to provide a leading online gambling venue in New Zealand.”
Shares in Gaming Innovation Group Inc. (OSL:GIG) were trading up 9.35 per cent at NOK11.70 per share on the news in Oslo Friday morning, while shares in SkyCity Entertainment Group Ltd. (ASX:SKC) closed in Sydney down 1.07 per cent at AUD$3.71 per share.