By The Weekly Edge desk ·
River Cree Resort & Casino has selected GiG to provide technology for its planned iGaming platform, Canadian Gaming Business reported. GiG said it had partnered with the First Nations-owned casino near Edmonton in Alberta.
The agreement provides technology for River Cree’s planned expansion from land-based casino operations into iGaming.
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GiG’s CFO expects the 888Africa acquisition to support its B2B pipeline, while analysts flag potential B2B headwinds.
The acquisition brings 888AFRICA into GiG and commits the buyer to €10.3m in further payments over 10 months.
GiG’s proposed acquisition would restore its B2C presence, with share issues and loans intended to help finance the transaction.
A completed deal would return GiG to consumer-facing sports betting.
GiG’s proposed 80% acquisition requires further approvals and definitive agreements, with founders retaining shares and management involvement.
GiG’s proposed majority acquisition of 888Africa still requires final approvals and a signed share purchase agreement.