Gaming Innovation Group to acquire 75% stake in Top Games.

Gaming Innovation Group, agreed to acquire 75% stake of Croatian company Top Games, a company which qualifies for a remote gambling permit. Financial terms were not disclosed. GiG will acquire 75% of Top Games with the remaining 25% retained by the local partner who has a successful history in land-based casino businesses. The payment for this acquisition is solely based on a contribution of resources by the shareholders with no cash being paid. The local partner will upfront the initial costs, whereas GiG will provide rights of use of brand, a gambling platform and operational expertise. GiG is planning to enter the online casino market in Croatia via this partnership in the first half of 2020. “I’m excited to further expand our B2C business by entering another regulated jurisdiction. Croatia is a very interesting marketplace for gambling and supports our strategy to grow our own brands in high potential and regulated markets. GiG has a track record of creating responsible gaming experiences with a captivating UX. This is a good opportunity to showcase the strength of our online casino offering and our passion for providing end users with a safe, responsible and competitive online gambling experience,” Richard Brown, GiG CEO.