Gaming Innovation Group signs Head of Terms Agreement with Crab Sports of Maryland

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Oslo, Norway, June 7, 2022 /PRNewswire/ — Gaming Innovation Group Inc. (GiG) has signed a Terms of Service Agreement with US-based sports betting brand Crab Sports to provide their award-winning platform and sports betting solution Maryland. This is the first deal in the US for the new and greatly expanded offering from GiG and Sportnco and provides an example of the exciting potential of the combined product offering.

This turnkey solution, based on their leading technology and flexible architecture, includes the technical platform, the CMS and the recently acquired Sportnco Sportsbook, all based on GiG’s unique data and rules-based solutions from GiG Logic.

Crab Sports’ distinguished leadership team will leverage their 20+ years of online gaming experience to launch and grow their locally focused brand. Leveraging their deep understanding of the market, the team intends to build a compelling experience and brand that will resonate strongly with customers MarylandUS.

The full contract is expected to be signed in the next few months, with go-live expected in the second half of 2022. As a result, GiG expects a positive contribution from the fourth quarter of 2022.

Maryland Sports betting market is expected $217 million of sales in the first year alone. Both GiG and Crab Sports look forward to entering the market as aggressive challengers with a differentiated strategy. Combining a strong, locally recognized brand with a quality product focused on user experience, conversion, customer retention and the highest standards of responsible gaming and customer support, both Crab Sports and GiG are very optimistic about the future of the partnership.

Richard BrownCEO of GiG, said: “I’m excited about the partnership with Crab Sports. We see great potential in Crab Sports’ amazing team and local approach, and we see great potential in Maryland. We look forward to working closely with the Crab Sports team to maximize their potential through a successful launch. This is a proud moment for us and underscores our confidence in the synergies between GiG and Sportnco. This type of store is right in our ‘wheelhouse’ and helps challenging brands add value and enter newly regulated markets by showcasing our product at the ‘soon’ opening Maryland Market.

For more information contact:

Richard BrownCEO GiG, [email protected]+34 661599025

About Gaming Innovation Group (GiG)

Gaming Innovation Group is a leading iGaming technology company providing solutions, products and services for iGaming operators. Founded in 2012, the Gaming Innovation Group’s vision is: “To be the industry-leading platform, sportsbook and media provider, providing best-in-class solutions for our iGaming partners and their customers. GiG’s mission is to drive the sustainable growth and profitability of our partners through product innovation, scalable technology and quality of service. Gaming Innovation Group operates from 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 crab sports

Founded in 2021, Crab Sports is a start-up mobile sports betting provider that will operate in the United States Maryland, United States. The company’s vision is to involve its customers Maryland a differentiated, truly ‘local’ experience that offers them a compelling value proposition beyond the nationally recognized sportsbook. Crab Sports’ distinctive branding, partnerships with local hero companies and 100% domestic operations will ensure it offers customers the best possible sports betting experience on the market.

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https://news.cision.com/gaming-innovation-group/r/gaming-innovation-group-signs-a-head-of-terms-agreement-with-crab-sports-in-maryland,c3580912

SOURCE Gambling Innovation Group

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