In order to facilitate TWHE's traditional retail business's online entry into several existing and new online markets through Palasino, GiG will supply its player account management platform, front-end delivery, and content management system as part of the cooperation.

The first length of the arrangement with the Malta-licensed Palasino is five years, and it is planned to go live during the first half of 2023. With this announcement, GiG becomes the seventh traditional retail operator to power an online service in partnership with them.

The chief commercial officer of GiG, Marcel Elfersy, expressed his delight at the deal's completion, saying, "We're really pleased to have the ink dry on this deal with Palasino. We see a wealth of opportunity in the partnership for both businesses to expand into."

We are well-positioned to develop a solid footing in global markets thanks to the brand equity of established retail brands gelled with specialised third-party technology. The online gaming area is continuing to grow across the industry.

purchase of TWHE
The Hong Kong-based international development company Far East Consortium bought TWHE in 2018. TWHE has been operating for over 25 years in the retail casino business. The group has ambitions to extend its activities, solidifying its position as a leading brand in the European gaming and hospitality industries, and operates a variety of hotels and casinos around the continent. It has interests in Germany, the Czech Republic, and Austria.

The confidence and capacity to start our online business operating out of Malta with an MGA licence are given to TWHE, Palasino, and our shareholders by our partnership with GiG, according to Colin Chapman Stewart, director of gaming at FEC. At Palasino, we are thrilled to be expanding our brand online to attract new international players who can enjoy the same thrilling experience as in our 25 years of successful casino operations.