GiG and SkyCity partner in New Zealand

GiG and SkyCity partner in New Zealand
GiG and Sky City launched an online casino in New Zealand.

GiG and Sky City Malta have joined forces to launch an online casino experience targeted at New Zealand customers.

New Zealand.- Gaming Innovation Group Inc. (GiG) has launched an online casino with SkyCity Malta (a subsidiary of New Zealand based SkyCity Entertainment Group Limited (SkyCity) its long-term Tier 1 partner. GiG will supply New Zealand customers with a fully managed, first-class online casino experience focused on host responsibility, trust, fun and entertainment. The new experience of online casino is now available for end-users in New Zealand.

Today’s announcement follows GiG signing an agreement with SkyCity on May 21, 2019, for the provision of its turnkey and fully managed online casino solution, including a gambling license. The turnkey solution, powered by its leading technology and flexible architecture, includes the technical platform, fully managed services, gaming content, front end development, CRM, compliance, and marketing. GiG will operate the online casino site from Malta on behalf of SkyCity.

SkyCity is one of Australasia’s leading gaming, entertainment and hospitality groups with world-class casino facilities in both New Zealand and Australia. SkyCity is a listed company in both New Zealand and Australia with a current enterprise value of around €1.8 billion. SkyCity’s vision is to be the leader in gaming, entertainment, and hospitality in its communities. Responsible gaming is one of the cornerstones of its focus on sustainability and being a good corporate citizen.

The offshore online gambling market in New Zealand is currently estimated at approximately €96 million with the total gambling market in New Zealand estimated at €1.6 billion. The New Zealand market is following the worldwide trend of strong and accelerating growth in online channels, underpinned by changing demands of consumers and constant evolution of technology. The general expectation is that the country will regulate online casino gambling in the foreseeable future. All gambling which takes place in New Zealand is regulated by the country’s Department of Internal Affairs.

This partnership is expected to make a significant positive contribution to GiG’s revenues from 2020 onwards, however, GiG does not expect a material impact on its revenues in 2019.

On the news of today’s announcement, Graeme Stephens, Chief Executive Officer of SkyCity says: “This is an exciting day for SkyCity and one we have been working towards for some time alongside SkyCity Malta and our partner GiG. While ultimately a regulated online gaming market remains the preferred solution, the site launch is another step on our journey of pursuing opportunities to grow and diversify our earnings, addressing a new, fast growing industry which is highly complementary to our land-based activities and offering customers a multi-channel gaming experience.”

Robin Reed, Chief Executive Officer at GiG says: “GiG is pursuing a strategy of becoming the global partner for strong brands in iGaming. SkyCity Entertainment Group is the largest and most reputable gambling and leisure firm in New Zealand. We are very proud to have been entrusted to provide our full suite of gaming services to them. It has been great to work with Graeme and his accomplished team and due to a great collaboration we have managed to launch a state-of-the art digital casino experience only two months after signing the agreement. We are looking forward to supporting SkyCity in its aspirations to provide the leading online gambling venue in New Zealand.” 

In this article:
business New Zealand