Brief: Gaming Innovation Group Signs Heads Of Terms Agreement With Grupo Slots

Gentoo Media

04/08/2020 06:22

Aug 4 (Reuters) - Gaming Innovation Group Inc  GAMO.OL :
    * GAMING INNOVATION GROUP SIGNS HEADS OF TERMS AGREEMENT
WITH
GRUPO SLOTS FOR THE SUPPLY OF PLATFORM AND SPORTSBOOK SERVICES
    * SIGNING OF FINAL AGREEMENT IS ANTICIPATED BEFORE END OF Q3
2020.
    * IT IS ANTICIPATED THAT LICENSE APPLICATION WILL BE GRANTED
IN Q4
OF 2020 WITH GO LIVE SHORTLY AFTERWARDS, THEREFORE GIG EXPECTS A
POSITIVE CONTRIBUTION FROM 2021 ONWARDS
    * WILL PROVIDE GRUPO SLOTS WITH A FULL ONLINE TURNKEY
SOLUTION
    * MINIMUM CONTRACT PERIOD WILL BE 4 YEARS WITH AN AUTOMATIC
EXTENSION FOR ONE ADDITIONAL YEAR
    * CONTRACT IS BASED ON A REVENUE SHARE MODEL IN COMBINATION
WITH
SET UP FEES

Source text for Eikon:  ID:nWkr8SNQSQ 
Further company coverage:  GAMO.OL 

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