31 Dec
In News
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Gaming Innovation Group secured Malta license for BettingCloud

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

This B2B supplier licence will help the firm to provide its sports betting product to other operators that are licensed.

Germany-facing Wetten.com is bound to be the first operator client to go live with the new license. A beta launch is expected and then a full roll out in the new year.

Earlier in 2016, Wetten.com also signed a platform agreement with GIG’s iGamingCloud subsidiary.

Robin Reed, chief executive of GIG, commented:

“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.”

GIG has also disclosed that it is building technology to generate proprietary odds via its OddsModel AS subsidiary.

The company also intends to commercialize the development in 2017 and merge it onto BettingCloud that will then provide odds feeds, content services, betting engine, risk management and trading tools.

These solutions will be sold, with an option to club it 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.”

Simona

Kai started working in the Gaming Industry in 2001 when he managed a Horse Betting Shop in Germany. With the more and more upcoming needs for Sportbetting Solutions for the German speaking market he moved in 2003 in Malta where he built up TopSportWetten, one of the first Sportbetting operators working from Malta with a Remote Gaming License.

In 2005 he moved to a new venture and joined the newly formed Team of BetUnited, a Company that had the goal to target the German speaking online market with a full portfolio of Betting, Poker, Casino and Games of Skill.

In 2007 he left BetUnited and concentrated on helping new Companies coming to Malta to obtain a remote gaming license and establish operators on the island.

In 2011 he founded Simka Consulting to combine his knowledge in the operational part of the IGaming Business with the Marketing expertise of Simona.

Past Projects:

  • TopSportWetten - Managing Director and Key Official
  • Bet United - Managing Director and Key Official
  • MMBet - Managing Director and Key Official
  • Olympia Bet - Managing Director and Key Offical
  • Production Planning and Project Manager - Infratec Pro Ltd.

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