SKYCITY Malta Limited, a subsidiary of New Zealand based SKYCITY Entertainment Group Limited (SKYCITY), recently acquired an online casino solution plus gambling licence in a long-term agreement with Gaming Innovation Group inc. (GIG).
Based on the agreement, the solution includes the technical platform, fully managed services, gaming content, front end development, CRM, compliance and marketing. The gambling site will be operated from Malta on behalf of SKYCITY and will be available to all NZ gambling consumers. In addition, GIG will support the growth of the new online casino through its cutting-edge technology, flexible architecture and industry know-how.
The launch of the online casino offering is planned for Q3 2019, so GIG does not anticipate much of an impact on its revenues this year. The partnership is however expected to make a significant positive contribution to GiG’s revenues from 2020 onwards.
Graeme Stephens, Chief Executive Officer of SKYCITY has this to say about the newly forged collaboration: “SKYCITY is delighted to be partnering with GiG to establish an online casino offering, based in Europe. Growing and diversifying our earnings is a key component of our group strategic plan and developing an online presence to complement our existing land-based casinos in New Zealand will enable us to offer an enhanced gaming proposition for customers. GiG are an exciting and innovative technology company with best-in-class teams, systems, platforms and products and importantly share our focus on responsible gaming and host responsibility. We look forward to working with Robin and the team as we enter an exciting phase of growth at SKYCITY.”
SKYCITY is a listed company renowned in the tourism, leisure and entertainment industry. It is the largest of its kind in New Zealand and has casino gaming facilities in both New Zealand and Australia. At present SKYCITY owns four of the six land-based casinos operating in New Zealand. It’s vision is to be the leader in gaming, entertainment and hospitality in its communities. One of the cornerstones in its corporate responsibility mission is the importance of responsible gaming.
All gambling which takes place in New Zealand is regulated by the country’s Department of Internal Affairs. The general expectation is that the country will regulate online casino gambling in the foreseeable future.