Gaming Innovation Group signs Moosh in Portugal

Gaming Innovation Group signs Moosh in Portugal

01 Jul 2022 08:00 CEST

Gaming Innovation Group Inc. (GiG) has signed an agreement with a brand new
partner Caravel Entertainment Limited (Caravel), best known for operating the
'Moosh' brand in Portugal, to provide its award winning sportsbook and
platform.

The deal, which represents a continued strengthening of GiG's targeted strategy
in fast growing regulated markets, will see Caravel shift from its existing
technology to GiG's for the moosh.pt site, and as such will provide immediate
revenue opportunities from what is an existing database migration, scheduled to
take place during Q4 2022.

The agreement has been signed between GiG's subsidiary Sportnco Gaming and
Caravel for an initial period of three years, that could be further renewed for
additional periods.

The Portuguese market has demonstrated high growth across both sports betting
and casino, with an annual growth in 2021 of 32% and 30% respectively (H2 data),
providing evidence of its commercial potential. GiG has extensive knowledge and
experience in delivering complex and highly regulated markets successfully, this
being their third Portuguese client alone, fueling the momentum that is making
them a trusted partner for operators like Caravel, who are looking to migrate
platforms or launch in such markets.

Hervé Schlosser, Managing Director of Sportnco Gaming, said "We are very proud
to sign this contract with Moosh, a new GiG customer in the demanding and
attractive Portuguese market. Moosh.pt has great ambitions domestically and
there is no doubt that we are perfectly positioned to be able to respond
positively to the new dynamics of this growing Portuguese operator."

Martin Bengtsson, Chief Executive Officer at Moosh.pt said: "It has been a long
process to find the right partner for us, which we have found in the sportsbook
and platform provider GiG. Their Sportnco subsidiary is well known for their top
-notch sportsbook offering so this partnership offers a strong support for our
business, and we are convinced our players will appreciate the new updated
sportsbook when we go live. We have high ambitions in the Portuguese market, and
this partnership will surely help us accelerate our plans to reach our goals and
ambitions, not only in the sportsbook vertical but in Casino as well, whilst
scaling up the offering in other regulated markets inside and outside of
Europe."

For more information:
Richard Brown, CEO GiG, [email protected], +34 661599025

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, sportbook 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 Caravel Entertainment Limited
Moosh.pt, a sport and casino brand operating in the Portuguese market, is owned
and operated by Caravel Entertainment, a privately held licensed Sports betting
and Casino operator.

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Source

Gaming Innovation Group Inc

Provider

Oslo Børs Newspoint