First Asia Contract Win

12 November 2024

 

Gaming Innovation Group Software Plc

(“GiG” or the “Company”)

 

First Asia Contract Win

 

Key milestone achieved as GiG enters Asia via agreement with Filipino land-based casino group

 

Gaming Innovation Group Software Plc (First North: GiG SDB), a leading B2B iGaming technology provider, is pleased to announce that it has secured a long-term agreement with Bloomberry Resorts Corporation (“Bloomberry”) and its flagship brand Solaire Resorts (“Solaire”), one of the Philippines’ largest and most established land-based casino and leisure groups (the “Agreement”).

 

Bloomberry owns and operates Solaire Resort Entertainment City, the first premium/luxury hotel and gaming resort in Metro Manila, the Philippines, alongside Solaire Resort North and Solaire Online. This Filipino offering, alongside its investments in South Korea, has enabled Bloomberry to establish itself as a market-leading operator and resort developer in the Asia-Pacific region.

 

GiG will provide Bloomberry and the Solaire brand with access to a range of the Company’s best-in-class technology solutions, enabling the group to significantly enhance its online gaming offering in the Philippines. As part of the Agreement, Bloomberry and Solaire will be able to utilise GiG’s iGaming platform CoreX, and AI tools LogicX and DataX.

 

The Agreement, GiG’s first in Asia, is a significant endorsement of the Company’s innovative solutions and represents a major step in GiG’s growth strategy as it aims to further its reach in regulated markets around the world.

 

Alongside access to CoreX, GiG’s scalable iGaming platform, Bloomberry and Solaire will benefit from the Company’s dynamic AI tools, DataX and LogicX. With a growing industry emphasis on AI and automation, the incorporation of the advanced machine learning models into Solaire’s toolkit will result in enhanced decision-making processes and rule-building, helping deliver significant increases in player acquisition and customer retention.

 

The online gaming market in the Philippines, particularly online gambling, continues to experience steady growth, with revenues projected to reach $865 million by 2029 and expanding at an expected compound annual growth rate (CAGR) of 4.9% between 2024-2029[1]. According to the country’s regulator, PAGCOR, the online gaming industry is set to hit over 18 million users by 2029.

 

Richard Carter, Chief Executive Officer at GiG, commented:

 

“This is a landmark moment for GiG as we enter the Asian iGaming market for the first time and continue to deliver on our strategic objectives, enlarging our total addressable market. Our experience in delivering cutting-edge iGaming solutions in evolving regulatory environments, together with Bloomberry's established market presence, means GiG is poised to take full advantage of the region's growing online gaming sector.”

 

For further information, please contact:

 

GiG Software PLC Richard Carter, Chief Executive Officer Phil Richards, Chief Financial Officer	via Vigo Consulting
Vigo Consulting (Investor Relations) Jeremy Garcia / Kendall Hill / Peter Jacob [email protected]	Tel: +44 (0) 20 7390 0230

 

About GiG Software Plc

GiG Software is a leading B2B iGaming technology company that provides premium solutions, products, and services to iGaming operators worldwide, fully compliant with regulatory requirements. GiG’s proprietary technology empowers our partners by delivering dynamic, data-driven, and scalable iGaming solutions that drive user engagement, optimise performance, and propel sustainable growth in the ever-evolving digital landscape. GiG’s vision is to be the pioneering force in the iGaming industry, transforming digital gaming experiences through innovation and technology that inspire and engage players worldwide.

 

GiG operates out of Malta and is listed on the NASDAQ First North Premier Growth Market in Stockholm, Sweden, under the ticker GiG SDB.

Find out more at www.gig.com.

 

Follow us on social media:

 

LinkedIn: https://www.linkedin.com/company/gig-gaming-innovation-group/

X: https://twitter.com/GIG_online/

 

This information is information that Gaming Innovation Group Software Plc is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 08.00 am CET on November 12, 2024.