Hot on the heels of their Q1 2021 earnings report and iGaming technology company Gaming Innovation Group Inc. (GiG) (GIG:Oslo) has gone live in Ireland with Slotbox Limited, a new brand created by the island country’s leading gaming and casino operator, Coastline Gaming.
The long-term agreement between the two firms, which was originally inked in October 2020, has powered the launch of the new online casino, operating under the name, “Slotbox,” by way of GiG’s iGaming platform and omnichannel solution, marking a “significant milestone” for the Dublin-based group and a “first step” in its digital transformation.
Player experience:
Commenting on the launch, Director for Slotbox, Conor O’Donnell, stated in GiG’s press release that they are…
Brick-and-mortar operations:
The new brand was founded by one of the leading gaming and casino operators in Ireland, Coastline Gaming. The which currently boasts eight land-based locations in its portfolio, including:
- Atlantic Arcade Tramore, Co. Waterford
- Blackthorn Amusements, Bridgend, Co. Donegal
- Caesars Palace, Salthill, Co. Galway
- Empire Casino, Dublin 2
- Sands Amusements, Bundoran, Co. Donegal
- Silver Strand, Bray, Co. Wicklow
- Star Amusements, Bundoran, Co. Donegal
- Victoria Casino, Co. Cork
While the Irish company’s [Slotbox Limited] online presence remains limited, the partnership with GiG will aid in bringing it up to date and more able to compete in what is an increasingly digital market.
Quarter earnings::
Meanwhile, according to its May 5, 2021, release, GiG reported Q1 2021 revenues of €18.3m,up 64 percent, and an EBITDA of €4.6m, up 674 percent while normalised revenues were €15.4m, an increase of 44 percent, and normalised revenues for Platform Services were €5.2m, a swell of 19 percent. CEO Brown said they are “happy with the overall progress,” citing “the work and strategic initiatives pushed through in the last 12 months” as the driver of the “strong results.”