GiG signs with North Macedonian casino group
Gaming Innovation Group (GiG) is to power the online migration of one of North Macedonia’s leading gambling groups.
GiG has signed a heads of terms agreement with K.A.K. DOO Skopje (KAK), which operates two LeGrand Casino venues in country's capital city Skopje and Bitola.
KAK, which is in the process of applying for one of the new online licences in the country, has signed up to deploy GiG’s platform, front end development and managed media services to launch its digital operation, most likely in the early part of next year.
The final agreement is expected to be signed in August 2020, and will be on a combined fixed fee and revenue share structure.
Richard Brown, GiG’s chief executive, said: “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.”
Having traditionally been a closed market to online operators, the North Macedonian government is now allowing land-based operators to apply for online licences that must directly reflect their offline offering. Through their LeGrand casinos, which offer both table games and slots, KAK will be one of a handful of operators in North Macedonia to offer both verticals to online players.
Ognjan Cigovski, chief executive of KAK, 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 casinos 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.”