Casumo group extends GiG partnership for new Pay N Play casino launch: DGE grants New Jersey license

iGaming technology company, Gaming Innovation Group Inc. (GiG) (OSL:GIG), has entered into a long-term agreement with Casumo subsidiary, Mill of Magic Ltd.

Under the terms of the deal, GiG’s products including its iGaming and sports betting platform, real-time rules engine, GiG Logic, and real-time data platform, GiG Data, will be used to power its new Pay N Play casino offering covered under its license from the Maltese Gaming Authority (MGA).

What they’re saying:

Commenting on its continuing partnership with the Maltese online casino and sportsbook services company, Chief Executive Officer for GiG, Richard Brown, stated in a company press release

“We are very pleased to continue our partnership with the Casumo group by signing them onto our platform for a new brand launch. We have worked with their sister brand, Dunder for several years, they have always prided themselves on first-class quality of product, services and marketing. We are sure they will deliver success in the Pay n Play market as well and we are pleased to be part of the project.”

Q4 2020 launch:

Based on a fixed fee model and a two-year minimum contract, the casino offering is set to launch by the 4th quarter of this year. The partnership is expected to make a “positive contribution” to GiG’s considerable revenues from 2021 and beyond.

Chief Executive Officer for Casumo, Shelly Suter-Hadad, also commented on the benefits of the recent tie-up, adding…

“We are thrilled to be expanding our partnership with GiG for the launch of our new Pay N Play casino, which will further diversify our group’s offering and enable a new channel for growth. Together we’re looking forward to bringing another distinctive brand and strong product to market later this year.”

New Jersey license:

Just two days prior to the latest tie-up new, GiG announced that its subsidiary, iGaming Cloud Inc., was granted a permanent casino service industry enterprise license (CSIE) for the New Jersey market.

Granted for five years, the Division of Gaming Enforcement (DGE) nod gives a permanent license to GiG to provide its operators within the Garden State with its real-money online casino platform solution.

The company began operation with the state more than two years ago after receiving a provisional license from the state regulator in June 2018, which GiG used to support Hard Rock International‘s casino operations pending final approval.

CEO Brown 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.”