Gaming Innovation Group has signed an agreement with K.A.K. DOO Skopje, hospitality, tourism and service company for the provision of its platform, front-end development and managed media services.
As part of the partnership, GiG will launch its digital operation in the regulated North Macedonian market, which has traditionally been closed to online operators. The Macedonian government is now allowing land based operators to apply for online licenses that must directly reflect their offline offerings.
The final agreement is expected to be signed in August 2020, and will be on a combined fixed fee and revenue share structure.The casino offering is expected to go-live by Q1, 2021, with the partnership expected to make a positive contribution to GiG’s revenues from next year onwards.
Ognjan Cigovski, chief executive officer of K.A.K. DOO Skopje, said: “Gaming Innovation Group is known in the igaming industry as a reliable and trustful company 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 into the newly regulating online market.
“We believe that by joining our efforts we can translate the feel and look of our LeGrand casino’s into an online offering that both caters for our current players as well as attracts new ones. We are looking forward to a long lasting and mutually beneficial partnership.”
Through their LeGrand casinos, K.A.K. will be one of a select few operators in North Macedonia to offer table games to online players as well as a complete slots portfolio. K.A.K. has said to have selected GiG’s casino platform offering as well as its managed media services in an attempt to capitalise on their digital transformation from land based to online gambling.
Richard Brown, chief executive officer of GiG, added: “North Macedonia has a long history in the land based casino segment, and is a major casino tourist destination in the region.
“Partnering with a leading brand, hospitality and entertainment group in the region is an exciting opportunity for GiG and we look forward to helping replicate LeGrand Casinos retail success online as the market regulates.”