Following the deal, Swintt will now be able to distribute its portfolio of games including successful land-based titles such as Master of Books and Heart of Earth, as well as new online titles Legendary and Wild Wild Witch.
David Flynn, the former chief executive of NYX Interactive and the Vera&John arm of JPJ Group, launched Swintt in April of this year.
“Our focus in delivering high quality, localized content for growth markets directly appeals to the GiG brands and their platform customers,” Flynn said. “They are also a company who share our values of corporate social responsibility and responsible gaming, making this deal a perfect partnership for mutual growth.”
Ben Clemes, chief commercial officer at GiG, added: “We’ve been very impressed by the depth and appeal of the Swintt portfolio, which is notable despite their short history.
“Being able to partner a start-up game provider in their early stages and working closely with their team is very exciting as we get to offer the latest games and innovations they provide not only to our player base but also our platform clients.”
Recently, GIG posted a drop of 19 percent year-on-year in revenue to €30.2m in the three months ending September 30. The company reported a massive decline in earnings as it said that they have tanked 46% to just €2.7m.
While for the third quarter GIG posted a net loss of €8.35m, for the same period it had reported €2.6m loss.