Gaming Innovation Group Inc. (GiG) has today signed a long term contract with
SIA Admiralu Klubs, one of the leading gambling enterprises in Latvia, for the
provision of GiG's platform, sportsbook and front-end development to launch
their new digital operation in the regulated Latvian market.
Together with related companies, Admiralu Klubs has experienced rapid growth
since its inception and now boasts many gambling halls, making it the market
leader in the Latvian gambling industry. The gambling halls serve a wide variety
of visitors, in towns and cities across the country tailoring a spectrum of
entertainment options to their tastes and interests. To further drive their
footprint in the regulated market, Admiralu Klubs is now taking their operation
to the next level by launching a new digital sports and casino brand.
The regulated Latvian online gambling market saw double digit growth in the
third quarter of 2020 vs the previous year, with online gambling revenue jumping
16%. Admiralu Klubs' already established brand recognition and market knowledge,
coupled with GiG's technology and expertise in delivering digital excellence for
its land based partners puts this new partnership in a prime position to
capitalize on the growing opportunity within Latvia.
The sports and casino offering is expected to go live in 2021.The term of the
contract is for an initial three year period. This partnership further
emphasises GiG's drive to support multiple partners in regulated markets scaling
out its tech investment.
SIA Admiralu Klubs says: "Gaming Innovation Group is well established throughout
the iGaming industry as a reliable and trustful technology partner with a
history of success working with land-based operators like ourselves. We are
pleased to have them supporting our digital transformation and online player
acquisition strategy as we expand our operations through the regulated Latvian
online casino and sports betting market."
Richard Brown, Chief Executive Officer of GiG says, "GiG is very pleased to be
supporting SIA Admiralu Klubs entrance into the online gambling space for both
Casino and Sportsbook, they have a large & successful retail network across the
baltics, and provide some of the highest quality retail gambling arcades in
Latvia, online gambling has a high growth in the market and we are excited to
expand further our reach there."
For further information, please contact:
Richard Brown, CEO, richard.brown@gig.com, +34 661599025
Tore Formo, Group CFO, tore@gig.com, +47 91668678
About Gaming Innovation Group (GiG)
Gaming Innovation Group is a leading iGaming technology company, providing
solutions, products and services to iGaming Operators. Founded in 2012, Gaming
Innovation Group's vision is 'To be the industry leading platform and media
provider delivering world class solutions to our iGaming partners and their
customers. GiG's mission is to drive sustainable growth and profitability of our
partners through product innovation, scalable technology and quality of service.
Gaming Innovation Group operates out of Malta and is dual-listed on the Oslo
Stock Exchange under the ticker symbol GIG and on Nasdaq Stockholm under the
ticker symbol GIGSEK. www.gig.com.
About Admiralu Klubs
SIA Admiralu Klubs is owned by a Latvian investment company with vast market
experience, which is part of a joint venture with Novomatic Group (Austria), one
of the largest gaming technology companies in the world. Together with related
companies, Admiralu Klubs share a network of gambling halls. In 2012 Admiralu
Klubs entered the Estonian market creating a third company within the group.
These gambling halls have become widely known as an established place in the
Latvian entertainment market