GIG picks up Malta licence for BettingCloud

23 December 2016

Gaming Innovation Group (GIG) has secured a Class 4 Remote Gaming Licence from the Malta Gaming Authority (MGA) for its BettingCloud subsidiary.

This B2B supplier licence will enable the company to supply its sports betting product to other licensed operators.

Germany-facing will be the first operator client to launch on the new licence, with a soft roll-out planned this week prior to a full commercial launch early next year.

Earlier this year, also entered into a platform agreement with GIG’s iGamingCloud subsidiary.

Robin Reed, chief executive of GIG, said: “We have reached a major milestone as we are now a fully licensed B2B gaming service provider for the Sportsbetting vertical.

“GIG is continuing to branch out in the iGaming value chain and is now a fully-fledged gaming service provider.”

Meanwhile, GIG has revealed it is developing technology to generate proprietary odds through its OddsModel AS subsidiary.

The company plans to commercialise the development next year and integrate onto BettingCloud, which will then offer odds feeds, content services, betting engine, risk management and trading tools.

Solutions will be sold, with an option to bundle with the iGamingCloud platform.

Reed added: “Within next year, these efforts will fully come into fruition and it will greatly benefit the company and our clients.”

Related article: GIG restructures as former Betit CEO appointed to lead B2C arm