iGaming
Gaming Innovation Group Inc. announces its largest affiliate acquisition to date
GIG TAKES LEADING POSITION IN THE NORDICS WITH ITS LARGEST AFFILIATE ACQUISITION TO DATE
Gaming Innovation Group Inc. has through its subsidiary Innovation Labs agreed to acquire all assets in one of the biggest affiliate networks in Scandinavia, Stk Marketing Ltd, for a total consideration of NOK 240 million (around EUR 26 million). This is GIG´s fourth affiliate acquisition in 2017 and the Company has now established itself as a Nordic market leader in the affiliate segment.
GIG expects the acquired assets to generate above EUR 7 million in EBITDA during the first 12 months after completion of the transaction. Around 70 percent of this EBITDA is expected to be generated from perpetual revenue share agreements. The network will be integrated into Innovation Labs’ BI/Data proprietary systems & marketing platforms, providing both technological and operational synergies which will improve the margins.
Including the Stk Marketing acquisition, the four affiliate transactions made so far in 2017 are in combination expected to contribute with an annual EBITDA close to EUR 13 million over the first 12 months after the respective closings.
Robin Reed, CEO of GIG: “We have set an ambition for Innovation Labs to become the largest lead generation business in iGaming and we are well underway in realizing this. Furthermore, we have now established a leading position in the Nordic affiliate market. In line with previous acquisitions and GIG´s vision, the Stk acquisition will enable Innovation Labs to refer more customers to our B2B partners and thus benefit all parties engaged in the expanding GIG iGaming eco-system“.
The acquisition will be settled primarily with proceeds from the bond issue GIG made in February 2017. The first half of the settlement is due at closing and the reminder in December 2017. The transaction is subject to a satisfactory due diligence and final board approval. Closing is expected in August 2017.
GIG’s subsidiary Innovation Labs is a fast-growing online marketing company for iGaming. It refers paying users to B2B clients primarily on perpetual revenue share agreements. It sources these paying users by obtaining competitive rankings for high-value keywords in search engines through SEO (search engine optimization), generating traffic to owned websites. These websites have guides and quality content for the gaming industry and serves as paths to operators. Innovation Labs also refer paying users through data driven media buying techniques.
About Gaming Innovation Group:
Gaming Innovation Group Inc. is an emerging gambling solutions and interactive entertainment provider. The Company offers cutting-edge cloud-based services and B2B performance marketing, and owns B2C gambling operators offering games from the best-of-breed suppliers across the online sports betting and casino industry. Gaming Innovation Group operates out of Malta and is listed on the Oslo Stock Exchange under the ticker symbol “GIG”.
The post Gaming Innovation Group Inc. announces its largest affiliate acquisition to date appeared first on The Gambling Affiliate Voice.
Source: GamblingAffiliateVoice
Brazil
Meridianbet (GMGI) Shortlisted for Exclusive Sports Betting and iGaming License in Brazil
Meridianbet, part of the Golden Matrix Group Inc. (NASDAQ: GMGI), announced that it has been shortlisted for an exclusive sports betting and iGaming license in Brazil.
The application, filed under request number 56.195.600/0001-07, positions Meridianbet among a select group of global operators who will be part of one of the most anticipated market launches in the global sports betting and iGaming industry.
The window for prioritized license applications in Brazil closed on August 20, 2024, with a total of 113 operators submitting their applications ahead of the deadline.
By securing its place in this priority group, Meridianbet has ensured that its license will be processed by January 1, 2025, which is the forecasted launch date for Brazil’s legal sports betting and iGaming market.
Meridianbet’s inclusion on this exclusive list underscores its status as one of the key players in the global gaming industry. With Brazil poised to become one of the world’s largest gaming markets, this license represents a significant opportunity for Meridianbet and Golden Matrix Group.
Meridianbet’s application includes both sports betting and iGaming (online casino) under Brazil’s comprehensive licensing regime, making it one of the few operators positioned to offer a full suite of gaming experiences to Brazilian players. The Brazilian gambling industry is forecasted to generate $34 billion in sports betting turnover by 2028, with an onshore gross win of $2.8 billion, according to a report by the International Betting Integrity Association (IBIA).
Aposta Ganha
Aposta Ganha files application for sports betting and iGaming license in Brazil
Aposta Ganha, the fastest-growing Brazilian sports betting and casino site, has completed its license application through the Betting Management System (Sigap) to operate within Brazil’s regulated market.
Gustavo Henrique, Grupo Aposta Ganha’s Legal Head, said: “These are strict security criteria, transparent and demanding responsibility, ensuring greater consumer protection and significantly contributing to the integrity of the market. This new phase fosters fair competition, and we are ready to follow all the procedures to obtain the license.”
Having been operating in the country for the past six years, from 1st January 2025, the company will embrace the opportunity to play a major role in Brazil’s new chapter under the rules of the Secretariat of Prizes and Betting (SPA) of the Ministry of Finance. With operations in both Brazil and Mexico, the company has always complied with legal requirements, demonstrating to authorities, customers, and society its interest and capability to operate in a regulated market.
As a passionate advocate of Responsible Gaming, only players over the age of 18 years old can enjoy Aposta Ganha’s online platform. These strict legal requirements have always been a foundational feature of Aposta Ganha’s operations, even before the strict measures laid out in the ordinances of the Secretariat of Prizes and Betting (SPA) of the Ministry of Finance.
Aposta Ganha is now eligible to commence its regulated operations from January 1, 2025, depending only on the SPA analysis to obtain the official license from the Brazilian government.
Grupo Aposta Ganha CEO, Elvis Lourenço:, added “We have built a trusted reputation in the gaming and entertainment market, in addition to respecting the current Brazilian legislation and integrity in betting. Today, we reinforce our commitment to customers and society to continue promoting entertainment that is ethical, safe, and socially responsible.”
Canada
CasinoRIX Enhances User Experience with Round-the-Clock Personal Manager Support
The online casino industry is booming and with that, many new sites have popped up. CasinoRIX helps online casinos and players connect and they’ve made it even easier for players to find the right site for them. CasinoRIX is a high-quality gambling affiliate site that has focused on improving players’ user experiences in a variety of different ways. Their newest service is offering personalized manager support 24/7. This new implementation means that players can get help whenever they need it. Responses are prompt and support agents are always available.
A 24/7 personal manager is a live chat function that allows customers to get help whenever they need it. This service is always available so no matter where customers are in the world and what time it is, support is available. This service helps customers with any issues they’re having including how products function, casino operations, inquiries about bonuses, payments, and signing in.
The biggest benefit is the 24/7 personalized services for players at CasinoRIX. There are some excellent technological advancements that make the live chat feature so beneficial including:
- Fast Assistance: Personal managers are available any time of day and are always ready to assist players. You’ll receive a fast response with quick resolutions. The personal managers are knowledgeable and will often have the answers players seek immediately.
- Satisfaction and Loyalty: With immediate responses and quick problem-solving, players will leave the live chat feeling satisfied. A satisfied customer leads to a loyal customer.
- A Better Gaming Experience: A personal manager will give players information on the best bonuses and promotions, which can lead to a better gaming experience.
Any iGaming company that is partnered up with CasinoRIX will also benefit from the 24/7 personal manager service. Players will connect partners and the CasinoRIX brand so when they’re satisfied with the affiliate site, the online casino name will also be looked at in a positive light.
The 24/7 personal manager on CasinoRIX’s site is just another incredible addition to the many features that help connect players to premium iGaming experiences. The new round-the-click live chat is going to enhance customer satisfaction and dramatically improve the relationship between players and the iGaming industry.
-
gaming2 years ago
ODIN by 4Players: Immersive, state-of-the-art in-game audio launches into the next generation of gaming
-
EEG iGaming Directory8 years ago
iSoftBet continues to grow with new release Forest Mania
-
News7 years ago
Softbroke collaborates with Asia Live Tech for the expansion of the service line in the igaming market
-
News6 years ago
Super Bowl LIII: NFL Fans Can Bet on the #1 Sportsbook Review Site Betting-Super-Bowl.com, Providing Free Unbiased and Trusted News, Picks and Predictions
-
iGaming Industry7 years ago
Rick Meitzler appointed to the Indian Gaming Magazine Advisory Board for 2018
-
News6 years ago
REVEALED: Top eSports players set to earn $3.2 million in 2019
-
iGaming Industry7 years ago
French Senator raises Loot Boxes to France’s Gambling Regulator
-
News6 years ago
Exclusive Interview with Miklos Handa (Founder of the email marketing solutions, “MailMike.net”), speaker at Vienna International Gaming Expo 2018