Gaming Innovation Group (GiG) has signed a new agreement with Ventures Lab, allowing the deployment of its acclaimed iGaming platform and advanced AI tools, DataX and LogicX, in Ontario. This partnership marks GiG’s fourth collaboration in the Canadian province and aligns with the company’s strategy for growth in regulated markets around the globe.
The agreement with Ventures Lab will fully harness the capabilities of GiG’s platform, emphasizing rapid market entry. GiG’s extensive experience in Ontario and other regulated markets, along with its status as an exclusive provider for regulated markets, sets the stage for potential multi-jurisdictional expansion in the future.
GiG’s innovative solutions are designed to drive significant revenue growth for operators through its scalable iGaming platform, which offers localized third-party content and leading suppliers tailored for the Ontario market. The platform’s unique gamification layer provides an optimized and immersive casino experience, enhancing client retention and player engagement.
Under this deal, Ventures Lab will gain the full benefits of GiG’s dynamic AI tools, DataX and LogicX. These advanced machine learning models focus on enhancing decision-making processes and rule-building, which are crucial for improving player acquisition and customer retention, according to a Gaming Innovation Group press release.
The iGaming sector in Ontario has shown remarkable growth, with the 2023-24 fiscal year ending with online gaming revenues reaching €3.8 billion—an 88% increase from the previous year. This substantial growth underscores the significant opportunities available within the province.
Ambitious Growth Targets
Andrew Cochrane, Chief Business Officer at GiG, stated, “GiG is continuing to attract experienced partners who trust in our ability as the technology partner to drive efficiency and profitability in their operations. This agreement further underpins our powerful strategy to capitalize on the overwhelming potential within our market-leading solutions, forming strong new partnerships in core regulated markets, with the intention of reaching and exceeding our ambitious growth targets for the business.”
Carlos Strazzer, Chief Executive Officer at Ventures Lab, added: “This collaboration will enable us to drive substantial growth and expansion leveraging GiG’s vast experience in regulated markets and their leading technology. We’re very much looking forward to delivering an unparalleled betting experience for the Ontarian market and seizing the opportunities this region holds.”
Gaming Innovation Group is a premier iGaming technology company offering comprehensive solutions, products, and services to iGaming operators. Founded in 2012, GiG aims to be the leading platform and media provider, delivering exceptional solutions to its iGaming partners and their customers. The company’s mission focuses on driving sustainable growth and profitability through product innovation, scalable technology, and top-tier service quality. GiG operates out of Malta and is dual-listed on the Oslo Stock Exchange (ticker symbol GIG) and Nasdaq Stockholm (ticker symbol GIGSEK).
