Alot Solutions has made a “significant equity investment” in the iGaming content developer G Games.
Gibraltar.- Alot Solutions, the B2B division of lottery betting behemoth Lottoland, has announced it has invested in the iGaming content developer that grew out of the former Gamevy.
It said it had made a “significant equity investment” in G Games, which has offices in the UK, Germany and Spain and is licensed in the UK and Malta. The terms of the investment have not been disclosed.
Alot said that G Games would operate independently but that Alot would use its products to boost its B2B offerings in prize cover, games and tech. The two businesses will also work together on strategic opportunities, including lottery tenders.
Alot Solutions Chief Executive, Michael Carruthers, said: “This is another significant investment for Alot Solutions in a class-leading B2B lottery supplier.
“I am very impressed by G Games’ lottery content and the reach they have in the industry and I look forward to working more closely with them over the coming months and years.
“This investment will help us to grow faster as we power innovation in the lottery, gaming and prize promotion sectors to benefit players, operators and their good causes.”
Alot Solutions is the B2B division of Gibraltar-based Lottoland, which offers betting on the results of more than 30 lottery draws.
G Games was born in October 2018 through the merger of Gamevy and Glück Games. It has gained a presence in the lottery sector through working with national lotteries in Germany, Italy, Denmark, Latvia, Norway, Turkey and Morocco.
Chief Executive Paul Dolman-Darrall said: “I am pleased to have Alot Solutions on board as an investor. I believe the relationship will help both businesses expand and explore new and exciting opportunities.”