Gaming Innovation Group Aktie im Überblick: Realtimekurs, Chart, Fundamentaldaten, sowie aktuelle Nachrichten und Meinungen. Gaming Innovation Group Inc. (GIG) ist eine Holdinggesellschaft. Das Unternehmen bietet Glücksspiellösungen und Unterhaltung an. Die Haupttätigkeit des. Aug 30, 30, /PRNewswire/ -- Gaming Innovation Group Inc. (GiG) has signed an agreement with Mr Green, one of the brands of MRG Group.
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That could be a casino game provider, CRM software or an affiliate system. We are calling all these integrated apps an application economy.
We will neither charge the client or provider for the integration. Our profit comes from a small share of the revenue.
Providers of these apps typically charge a royalty. So if an end-user loses EUR with a game, hosted by an operator, the game provider would invoice the operator, for instance, EUR These royalty contracts are tiered based.
Our goal is to be a lean technological layer meaning we want to be a value-adding partner, rather than a cost-increasing middleman. So how do we do it?
By bundling the volume from our internal brands, with those of the clients, we are reaching respectable volumes allowing us great rates with providers.
As such we are able to offer our application economy at a very competitive price point. Hence we are saving the provider and white label time and money by leveraging technology and scale.
Our minimum contract value is EUR , annually and we charge a setup fee. When the revenue share based royalties exceed the minimum revenue share, we earn more.
We also offer volume based discounts to our clients. On the clients part they will save a programming department of some dozens of people, the time required and the extensive risk involved with creating and maintaining such a powerful platform themselves.
In other words, we are significantly lowering the threshold to start up an iGaming business, while having the potential to provide larger operations with significant advantages of scale.
Contract lengths are typically five years rolling with a possibility for early termination upon six months notice.
We want to retain clients on the merits of the product and the price offered. We will continue our work with creating a truly disruptive platform, as well as improving the price-point we can offer for the platform.
This product has the potential to be a real game changer for the wider community of the iGaming industry as its two core functions are to eliminate technological bottlenecks and significantly reduce costs for operators and whitelabels alike.
The vision of iGC is to make the iGaming industry lean and connected. It was hatched out of the pain and frustrations that our founding team experienced while profitably growing a b2c operator www.
Guts was founded on the backbone of innovative ideas and a passion for the customer experience. Our value proposition was to not only change the gambling industry but also the perception of what gambling is.
We wanted to do this by improving the core services and its user friendliness towards customers. Then we wanted to spice it up a bit by bringing some innovation.
In other words we applied a lot of common sense and our perceived success would very much be vested in our ability to build a very efficient operation with a customer centric ethos.
Our message was well received with customers who showed up in droves. Having wind in the sails we figured our biggest challenges moving forward would be to maintain focus on the core proposition, continue to improve the product and operation while innovating, all at the same time Oh boy, were we wrong.
We decided to go on a rather ludicrous mission of creating a leading cloud computing services firm for the iGaming Industry. Our sanity check was along the lines of:.
While we were struggling with problems belonging in the last decade, we observed in frustration the continued emergence of cloud based Software As A Service SaaS technology wonders such as Salesforce and Shopify thriving in a far more hostile environment in a galaxy far, far away.
Having branched out from the competitive online performance-marketing field into user interfaces as an operator, GiG had grown a very confident and capable tech team who knew the whole customer journey by heart.
Their approach to accomplish this was to write the application from the very first letter of code in C. To create a truly high performing and flexible application, tailored to the specific needs of iGaming, this is the only way to do it.
Scrapping third party integrations, even for functions such as e-mail and livechat, sounds rather frisky, however you save the maintenance and are always familiar with your code.
Our process proved us right. After investing significant time on the architecture and the building blocks, we picked up an extraordinary pace.
Six months after the first letter of code, with good help from suppliers embracing the idea, we had completed the integrations with most game and payment vendors while developing all features and functionality needed.
Our hard work came to fruition with the launch of Betspin www. They have grown to some thousand actives and given us good data. Through its ecosystem of products and services, it is connecting operators, suppliers and users, to create the best iGaming experiences in the world.
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